A home evaluation is critical before you go to sell in Toronto. Not only to ensure that you get the most amount of money possible for the house but also to ensure that you find the best listing agent possible to sell your home. There are many aspects of a home evaluation and strategy that must be overlooked or taken for granted. All of the lifting things add up. In this blog, we dive into the importance of leaving nothing to chance regarding your Toronto home evaluation. It would be best if you spoke with an experienced realtor, someone who is well-versed in the ins and outs of the Toronto real estate marketplace – no matter the current state of the market, they know how to best address the demand level.
Local Market Expertise
It’s true, any agent can go into a house and give a general sense of what local houses have sold for. But, here’s the thing, you can afford to risk not knowing specific insights into the houses and how to squeeze every last drop of value out of your home. After all, it’s likely the largest financial investment that you have. A highly skilled, top producing agent knows not only the local market comparable sales, those houses not selling on the market but ultimately how to utilized the sales stats and your home to your advantage.
Unique Features Of Your Home
Your home is distinct and unique. There is no denying this. What is of utmost importance is highlighting and leveraging these key differentiating factors to your advantage on the sale. A top producing professional realtor will know how to bring these aspects to the forefront while also knowing how to manage and communicate aspects that may be less desirable to certain buyer segments. It takes a lot of skill and experience for an agent to do this well! It’s also worth noting that each Toronto neighbourhood has unique architectural styles that aren’t found in other neighbourhoods. The Annex is a great example of a neighbourhood unlike any others in Toronto – some homes are nearly 150 years old, while there are some infill housing. Understanding the value or historical importance with a balance of modern style and the workmanship quality is essential to maximizing home value.
Improve The Salebitily Of Your Home
Gone are the days of listing a home without an effort to strategize and exhaust all possible options to increase the saleability of your home (read: maximize the sale price.) List it and forget it does not work, despite what many realtors may believe. Does the house need painting, new floors, decluttering, landscaping, staging (see below), etc. The list can go on and on. In nearly each of our listings, we send in a handyperson to hang new lights, paint, install new kitchen hardware, etc. It’s the name of the game when you offer a “white glove” service to our clients. Why? Because it helps our sellers sell their properties faster and for money – and not least of which, with far less stress! It’s a win-win for everyone! Buyers need to see themselves in the space without impediments. The more buyers that can see themselves in your home, the more money you will make; it’s that simple. That being said, doing it the right way is not simple. It takes a lot of effort on behalf of the listing agent to lead and guide their sellers through the process of evaluation to the successful sale of the home in Toronto!
Making The Most Of A Seller’s Market
Benefits of Staging
Staging has become an essential aspect of selling a Toronto home. The reason is that buyers have grown to expect clean lines, designer highlights and a clear demonstration of just how wonderful it would be to live in your home or condo! Gone are the days of relying on many designs and fashions and trusting that the buyer lacks savviness. The truth is that buyers are incredibly savvy and decerning. They expect a lot these days, thanks to Instagram, magazines and shows. Staging the home makes a world of difference!
Marketing & Strategy For Your Home
Launch your property on the public market with the wrong pricing strategy, and none of the above points will matter. A pricing strategy will make or break the success of your sale. List too high above market value, and you miss your target home buyer. The listing will sit on the market, and agents and buyers alike will assume something is materially wrong with the house – no one will show your house. List at market value may be wise, but this really depends on what is happening in the local Annex real estate that week. Pricing below the market value may be wise if there is a great deal of buyer demand in the Annex – as long as you hold back offers, again, you need to get this just right. Years in the advertising and marketing industry of London, England and Toronto set us apart – as well as over 20 years of Toronto real estate marketing and sales experience. We can help bring all of the listing elements together so that you have a successful sale!
Timing The Market
First and foremost, the best time to sell is when you are ready and when you have a plan in place as to what your next move will be. Not sure? We are here to help; call us here, we can guide you through the decision-making process. Historically speaking, the Spring real estate market in Toronto is the most robust – it technically kicks off in late January (yes, you read that correctly.) The Fall is the next best market to sell. All this being said, some circumstances have worked out very well for our sellers. It’s simply a matter of market knowledge, perfect execution and professionalism. Toronto houses and condos will transact at any time of year as long as the strategy (see above) is appropriate – something that we pride ourselves on!
