While selling a home and moving can be an exciting time in a person’s life, it can be somewhat stressful. Whether you’re relocating because of a new job, upgrading to bigger digs or looking to set down roots in a new neighbourhood, you’ll want to get the best price and make the process as carefree as possible.
In order to make sure the move is smooth and you’re benefiting from a still strong real estate market, be sure to remember these common selling mistakes that can make it anything but a walk in the park:
1. Pricing Your House or Condo Wrong
The housing market in Toronto is still hot. Homes are selling quickly, multiple bids are still recorded and some condos are still on many must-have lists. When it comes to selling, the price is the most important part.
You don’t want to price your place too high or else it will sit on the market – pressuring you to make multiple price drops. On the other side of the coin, you don’t want to price it too low and leave cash on the table.
How to avoid this costly mistake: Your agent brings detailed knowledge about your home, your neighbourhood and the market. Rely on him or her for their expert insight – they’ll know how to price your home so you’re positioned to get the best deal under the best conditions.
2. Taking Bad Listing Pictures
Pictures are worth a thousand words – especially when it comes to a house. Prospective homebuyers will spend hours on MLS® looking for their new home. While price and location are big parts of any buyer’s decision, pictures are the first thing they look at. Most will exit out of the listing without a second thought if the pictures are dark, rooms are cluttered and it looks like a prison cell.
How to avoid this costly mistake: Chat with your agent about the potential for bringing in a home stagger. If that’s not in the budget, your realtor will be able to provide some simple tricks to make your home or condo appear bigger, look spotless, bright and capture the eye of any would-be buyer.
3. Failing to De-Clutter Your Space
Okay, so you have some prospective buyers in the door. Before you can even begin negotiating price or closing date, they’re headed for the door. Why? Many people don’t think of the small things. Are clothes out, furniture all over the place, appliances hogging counter space or bathroom gadgets overflowing from the cabinet?
This clutter is a major turnoff for any buyer. It might not seem big, but it presents a barrier for these homebuyers to see themselves in your place.
How to avoid this costly mistake: Before your agent brings buyers through, take some time to tidy your place up. Before you call it quits there, put your self in the buyer’s shoes. Many times you’ll be buying at the same time yourself so think about what would stand out as deal breakers. You can even have your agent take a walk-through for a second opinion.
These three mistakes can sink your chances of selling quickly, under your conditions and for the price you want. Rely on your agent for advice throughout the process. They are there to make it easy – working to get you the best. Their insight should be used as an advantage!
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