The decision to sell your house is never easy and always, necessarily, emotional.
When it comes to listing your home, here are a few helpful tips to help make the process easier:
Use a real estate professional – Beyond assuring you maximize the value of your home or condo, your real estate agent or broker can more often than not be more objective throughout the process, to your benefit.
Consider professionally staging your home – As with your real estate agent, it is the home stager’s job to bring objectivity to the process, and highlight what potential buyers will look for. Staging your home can bring as much as a tenfold increase against the cost of staging. It can also help increase the speed in which the home is sold.
Stage the exterior of your house – Your first impression is always your best impression and that goes for your home as well. Curb appeal counts. Consider fresh paint, landscaping touches, outdoor furniture and simple dusk lighting features.
Do your homework – Understand not only the value of your home, but homes in the neighbourhoods. Potential buyers have access to “comps” and are increasingly more savvy about the process. Set your price competitively. Homes that sell faster are typically home that have generated foot traffic from the outset.
De-clutter / De-personalize – Should you choose not to invest in a home stager, take the time to de-personalize and de-clutter. Prospective buyers want first and foremost to see themselves living there. You should never be home for a showing and that goes for Fifi and Fido as well.
Listen to your real estate agent – You have contracted your real estate agent or broker based on the belief that they could create the most value for you within a given time frame. You have contracted with your real estate agent based on the fact that they have your best interest at heart. Listen.
Buying a home is easily one of the biggest life decisions you will ever make. And buying real estate in a highly competitive market like Toronto and the surrounding GTA
means you could easily find yourself in a bidding war to get the home of your dreams.
When it comes to purchasing a home or condo for you or your family, here are some helpful tips:
Use a real estate professional – Self-serving at a first glance, but the truth is any real estate transaction (either buying or selling) should involve a professional to ensure every box is ticked, and nothing overlooked. With lawyers, financial agents, movers, family and the like, the process is arduous from the outset. A real estate agent or real estate broker beyond being professionally trained adds a layer of certainty and comfort.
Make sure you are financially ready – Most of us need a mortgage to buy a house. Before considering a home purchase, check your credit score and ensure it is factually correct.
Create two budgets – Create a budget around your immediate prospective real estate purchase and then create a second budget with an eye to the long-term. Think about hidden ancillary costs, unexpected expense, etc. (How old is that roof? When will the kids be off to college?) A plan is never a bad thing.
Find a district with good schools – Even if you don’t have children, when it comes time to sell, you’ll find schools matter, potentially increasing your property value.
Get a home inspection – Beyond the here and now, a home inspector – and preferably one with experience and an engineering background – can help assess potential future issues. While your lending institute will probably require an inspection, that typically only addresses the house or property at time of purchase. Your own inspection will provide an eye to the future.
So if you’re looking for a passionate, committed, invested real estate agent who understands the many opportunities available and the ins and outs of buying or selling a home give me call, Colton Rice, 647-558-5077 to set up a meeting.
Colton Rice Real Estate
384 Queen Street East