With inflation, elevated interest rates, and other economic factors keeping a portion of buyers out of the market, today’s home sellers are facing new challenges. In order to mitigate these obstacles, sellers should place additional emphasis on who they elect to represent them.
For sellers looking to maximize their returns, understanding the distinction between top-performing real estate agents and those with fewer qualifications is critical – today more than ever.
Seeking an exceptional home selling experience? Our strategic advisory services can help you achieve a smooth and lucrative sale. Call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
Industry Analysis
Toronto’s real estate arena is vast and diverse. With a pool of over 70,000 real estate agents, home sellers are tasked with distinguishing which professional is best suited to their goals. However, the reality is that not all agents boast the same skill set, knowledge, and industry experience. Rather, Toronto’s industry landscape features a wide spectrum of professionals, with its respective poles starkly contrasting one another.
At one end, high-performing real estate agents with decades of experience in Toronto’s ever-evolving market carry out numerous transactions year in and year out. On the other hand, there are part-time agents who see the trade as a pastime rather than a profession, handling only one or two transactions annually.
For sellers, understanding the key differentiators between an elite, high-volume agent and a green or part-time agent could be the difference between a smooth and lucrative home sale, versus one that leaves money on the table.
Seeking unique real estate insights that can assist you in reaching your goals? Check out these pages from our site.
- Taking the Risk Out of Real Estate Investing
- How Selling Luxury Properties Differs From Standard Listings
- How to Interview a Real Estate Agent
Challenges of Today’s Market
Today’s home sellers are facing market conditions that are greatly dissimilar to those only a few years ago. Once a city where real estate consistently shattered selling records and made national headlines, Toronto’s housing market has recently neutralized, creating a distinct balance that favours neither buyers nor sellers.
During the apex of Toronto’s hypercompetitive seller’s market, the sheer demand for property across the city both propelled and expedited the vast majority of home sales. This meant that a number of home sellers could expect or anticipate a fast, high-return sale regardless of which agent they selected to represent them. In today’s neutralized conditions, sellers no longer have this advantage.
Why Experience Matters
In a market where sellers no longer have the default upper hand, working with an elite, experienced real estate agent is a critical facet of a successful transaction. Rather than simply listing a property on MLS, compelling today’s buyers and attracting high-quality offers requires tried-and-true selling strategies.
In a challenging market, working with a consistent, top-performing real estate agent is the most direct path to success.
The Toronto Regional Real Estate Board (TRREB) recently released their 2022 performance statistics. These numbers illustrate the gap between high-performing agents and those who don’t quite have the same expertise.
Of Toronto’s approximately 70,000 active agents,
- Over 85% of real estate agents recorded between 0 and 5 total transactions.
- Less than 700 real estate agents recorded more than 20 transactions.
- The top 2% of real estate agents recorded between 21 and 30 total transactions.
Looking to optimize the sale of your Toronto home? Explore these blog posts for strategic insights.
- An Essential Guide to Property Values
- Why Staging is Important in a Balanced Market
- Downsizing With Perfect Timing
Christensen Real Estate Group: A Cut Above
While there’s nothing wrong with hiring a green agent, sellers who are serious about optimizing their results should choose an agent that has multiple decades of experience and a consistent record of performance.
At Christensen Real Estate Group, our results speak for themselves. In 2022, we completed more than 70 total transactions, placing us in the top 0.5% of TRREB agents.
Performing more than double the transactions of even the top 2% of Toronto agents, we are truly in a class of our own. If you’re considering the sale of your Toronto home, it simply makes sense to work with a dedicated, top-performing real estate team – particularly in today’s market.
Continuously outproducing more than 99% of agents, Christensen Real Estate Group’s results are irrefutable. In a year where buyers and sellers faced numerous uncertainties, each transaction closed by our team highlights our steadfast commitment to getting the deal done. While Toronto real estate may be complex, our track record is as straightforward as it gets.
With four decades of experience selling real estate in all types of market conditions, our unparalleled industry expertise becomes your advantage.
There’s no guesswork in our process. Leveraging our proven approach to market preparations, advertising, pricing, negotiations, and closing, we’re able to deliver results that exceed your expectations and provide peace of mind along the way.
Our unbeatable selling strategies are backed by decades of local market experience. To begin your journey to an exceptional and lucrative home sale call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
