If you’re thinking about putting your house on the market this spring, the time to start is now!We understand how hectic it is to sell a house in Toronto, and the process can be difficult if it's not handled properly. To help you through the entire process, we've put together five simple steps to sell your Toronto home.
Posted by Merenda Real Estate Group on Wednesday, May 16, 2018
We understand how hectic it is to sell a house in Toronto – and it can be downright difficult if it’s not handled properly. To help you through the entire process, our very own David Merenda has put together five simple steps to help you sell your Toronto home.
Deciding when to sell
When you sell, you want to get as much value as you can for your home. Consider the timing of the sale because it definitely has an effect on the value. You don’t want to sell when it’s a “buyer’s market,” when too many homes are for sale and there are not enough buyers. Seasonality is something to consider as well because typically more homes are sold in the spring rather than the winter.
Preparing your property
There are various ways to do this and it all depends on the amount of monetary resources available. You can renovate your house by remodelling an area or just freshen up the walls with a new coat of paint.
Even just keeping your front lawn tidy can make a big difference. Buyers love seeing green grass and flowers outside because it feels more warm and inviting to them.
Listing your property
Now that you’ve found the perfect real estate agent, they will list your home. First, they will do an evaluation on your home and help you, set a price. A report on market data will be complied to properly value your home based on the prices in your area.
Once they’ve done this, the agent will market your home through various media outlets and listing sites to create strong buyer interest. They can post on Multiple Listing Service (MLS), social media, blogs, and websites.
There will be open house appointments as well to showcase the potential of your home to various individuals. At this point, Realtors may also suggest to stage the home to help these individuals imagine themselves living in your house
Receiving an offer
Not all offers are equal and that’s where your real estate agent comes in. They will help you get to know the terms and conditions regarding the price that the buyer wants to pay, financing conditions, or other things like inclusions and exclusions that the buyer wants to make.
Not only is it about the price of the home, but you have to carefully look at the other details included in the sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified by the buyer.
If there is something in the offer that doesn’t satisfy you, counter offers or negotiations can also be presented to help get you what you want.
Closing the sale
There will be closing costs associated with the sale .that need to be paid either BEFORE or on the closing date. It can include mortgage application fees, inspections, and legal fees. But once that’s taken care of, you can pass your old keys to the new owners.
Searching for your dream residential, commercial or luxury property before it hits the market? Thinking of selling your property? Let the Merenda Real Estate group to successfully address your real estate needs. With our 20+ years of industry knowledge and a client-forward approach, we’ll get you the results you want and the experience you deserve. Contact us today or call 416-240-SOLD (7653).