Are you brooding about selling your house but wondering whether the best time is NOW, after all the media bombardment about falling down costs and unsold homes sitting on the market? You've come to the right place to have your questions cleared up. I have used my 25+ years of real estate experience, and that of my team, to piece together a guide "to lead you thru the steps of selling your property, and give you the tools you want to make this important call.
Firstly, you need to know that local market conditions will certainly impact on the amount it is easy to get for your home "and how swiftly you can sell it. You will put a price on your home, but the market is what actually prices it.
Right now gurus agree we are in a Buyer's market "allegedly suggesting there are far more houses on the market than buyers and you'll be facing lots of competition from other sellers. Costs have dropped overall, and houses take more time to sell. So it seems apparent that if you can take a rain-check on selling, you need to wait this market out, right?
Not necessarily! Even if you don't have an extremely important reason to move, like a job change or a growing family, there are good excuses to sell now. Accept it or not, there's still an enormous demand out there for well-priced homes. In desirable neighbourhoods, I have customers who can't find a home, because the homeowners are too shocked by the bad PR to put their houses up for sale. My team, which is on the front lines of Toronto real estate every day, has found there's actually a lack of remodeled houses in good locations and those are selling swiftly at or above asking price!
And in spite of all of the bad news, the reality is that the drops in price and sales are not that drastic. In March 2009, there were only 8% less sales than in March 2008 "which was a banner year for real estate sales, and prices have only fell by 3%. That should not discourage anyone from putting their home on the market. What's actually occurred is that we've gone from the total seller's market of the previous couple of years, where customers wildly competed for homes, to a rather more balanced market. Sellers wisely accept reasonable offers and their correctly priced houses sell within an OK period of time. Costs are more stable without as many wild bidding wars.
Under any circumstances, readying a house for sale could be a intense process, emotionally, financially and physically. That's the reason why we are here to guide you through it with wisdom and experience, saving you incalculable trouble and $$. I know your locale, what consumers need in a home, the easy way to barter the most acceptable price, and the way to close the deal for you, so this is going to be simple. And it all begins with yo.
Firstly, you need to know that local market conditions will certainly impact on the amount it is easy to get for your home "and how swiftly you can sell it. You will put a price on your home, but the market is what actually prices it.
Right now gurus agree we are in a Buyer's market "allegedly suggesting there are far more houses on the market than buyers and you'll be facing lots of competition from other sellers. Costs have dropped overall, and houses take more time to sell. So it seems apparent that if you can take a rain-check on selling, you need to wait this market out, right?
Not necessarily! Even if you don't have an extremely important reason to move, like a job change or a growing family, there are good excuses to sell now. Accept it or not, there's still an enormous demand out there for well-priced homes. In desirable neighbourhoods, I have customers who can't find a home, because the homeowners are too shocked by the bad PR to put their houses up for sale. My team, which is on the front lines of Toronto real estate every day, has found there's actually a lack of remodeled houses in good locations and those are selling swiftly at or above asking price!
And in spite of all of the bad news, the reality is that the drops in price and sales are not that drastic. In March 2009, there were only 8% less sales than in March 2008 "which was a banner year for real estate sales, and prices have only fell by 3%. That should not discourage anyone from putting their home on the market. What's actually occurred is that we've gone from the total seller's market of the previous couple of years, where customers wildly competed for homes, to a rather more balanced market. Sellers wisely accept reasonable offers and their correctly priced houses sell within an OK period of time. Costs are more stable without as many wild bidding wars.
Under any circumstances, readying a house for sale could be a intense process, emotionally, financially and physically. That's the reason why we are here to guide you through it with wisdom and experience, saving you incalculable trouble and $$. I know your locale, what consumers need in a home, the easy way to barter the most acceptable price, and the way to close the deal for you, so this is going to be simple. And it all begins with yo.
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