How much does it cost to sell a home?
A few things you will want to take into consideration when budgeting to sell your home are the costs of staging & prepping, real estate commission, legal fees and potentially, a mortgage penalty.
When is the best time to sell?
If only there was one answer to this question! Historically April, May, September and October have been the months with the highest sold price to asking price ratio. Those months are notorious for some of the fiercest bidding wars in Toronto. December and January are historically the slowest months, but depending on the type of property you own, having fewer competing properties in slow months might be a huge benefit to you. It’s best to discuss the advantages and disadvantages of timing the listing of your home with an experienced real estate agent.
Should I sell before buying?
The answer to this depends on your personal goals and what’s happening in the real estate market. If you’re buying an in-demand property and selling a less desirable one, you’ll likely want to sell before buying. However if it is a fierce Sellers market and demand is greater than the supply you may want to purchase first.
Why isn't my house selling?
That’s a tough question. Generally, a home doesn’t sell for one of 3 reasons: 1) it isn’t priced right; 2) it hasn’t been well marketed, or 3) it doesn’t ‘show’ well to potential Buyers (and might need a good cleaning or staging). Talk to your agent and ask to see: 1) what’s been happening in the market in your neighbourhood since you’ve been listed, 2) the marketing that’s been completed and 3) the feedback from agents/Buyers who’ve seen your home.
Do I have to have a For Sale Sign on my lawn?
Some Sellers prefer not to have a ‘For Sale’ sign on their lawn. While it’s completely within your rights to request ‘no sign’, keep in mind that exposure to Buyers is critical to getting top dollar for your home. Your neighbours already love your neighbourhood – why not let them know your home is for sale so they can tell their friends and family?
What do I do if I am un happy with my agent?
When you list your home with a real estate agent, you’ll be asked to sign a Listing Agreement. This legal document will outline the price, commission and length of the contract. Typically in Toronto, Listing Agreements are for 90 days. If you agent isn’t performing to your expectations, begin by having an honest conversation with him/her. If that doesn’t resolve your concerns, contact your agent’s Broker of Record – technically your listing agreement is signed with the brokerage and not the agent, and the broker will have the ability to remedy the situation.