If you’re a Toronto homeowner considering relocating in 2020, then you’re in luck. Toronto has been Canada’s most desirable market for both local and international buyers, and this doesn’t appear to be changing anytime soon. Sellers should have no problem finding a buyer, but that doesn’t mean selling your home is a walk in the park.
For a smooth sale, consider the following tips to selling a home before putting your home on the market this year.
1. List Your Home at the Right Time
When it comes to the Toronto market, it’s never a bad time to sell your home. Historically, the Spring season (February through June) is the best time to sell your home. While prices do not fluctuate too much during this time, buyers are motivated and more active.
2. Don’t Allow New Lending Rules to Impact Sale
In regards to the Toronto market, finding a buyer is never a challenge. This year, however, the number of qualified buyers may be impacted by the new lending rules introduced last year. What this could mean to sellers is less competition, which could affect time on market, price, and other variables. As part of our tips to selling a home, set expectations for resale price and a date for when you need to sell by before putting your home on your market.
3. Price Your Home Competitively
Toronto may be one of the most popular markets in Canada, but that doesn’t mean buyers aren’t looking elsewhere. Considering the resale price for detached and semi-detached homes in Toronto, buyers are starting to search for more affordable options outside the most popular areas. Before listing your home, find out how much your home is worth here. Asking for too much can scare away buyers, even in the Toronto market.
4. Spend Your Money Wisely
Chances are if you’re selling your home, you’re relocating elsewhere. If you’re relocating within Toronto or the GTA, make sure it makes financial sense to do so. As you know, Toronto real estate can be expensive, and the costs associated with buying and selling can add up. Make sure the decision the sell makes financial sense for you.
5. Find the Right Real Estate Agent
Buyers are going to look for an advantage anywhere they can, and without representation, you’re giving up the edge in negotiations. Save yourself from a stressful selling experience and work with our team of Certified Negotiation Experts. In addition to negotiating on your behalf, we will market your home internationally for more exposure, to attract more buyers.
We hope our tips to selling a home are helpful you in your decision to sell your home. If you’re wondering about selling your home versus renting it out we also have some tips and advice for you. If you have any general questions or about our tips to selling a home, please contact us at info@christensengroup.ca or call 416-441-2888. We’ve been helping Torontonians relocate for over 30 years, and would love to work with you.
