Toronto Mike

9 Things You Need to Do Before You Sell Your Property

Selling your property is not an easy task, but there are things you can do to make the process easier and smoother.

Select the right agent

You need to appoint a reputable estate agent who will help you sell your home safely and correctly. Do proper research and establish which agents are very active in the complex or area in which your property is situated. It’s always a good idea to appoint an estate agent who has a strong reputation and has evidence of success in the property sector.

Appoint one agent and award them a sole mandate

To get the best price for your property, it's important that estate agents don’t compete for the property but that buyers do instead. A sole agent will usually get a higher price because there is enough time to negotiate without worrying about an offer from a competing agent.

When you appoint one agent and give them a sole mandate. That way more effort in advertising expenditure and time will be invested in the promotion and marketing of your property.

Do a CMA

Hire an agent to do a thorough competitive market analysis. In today's market, it is critical to look at other competing properties in the market. To make sure your property is priced accordingly.

Set the right price

It's important to price your property correctly. If you set the price of your home too high, it will either not sell, or it will take a very long time to sell. Buyers are street smart and can immediately tell when the house is overpriced. Homes for sale in toronto are often set at reasonable prices and are worth looking into.  

Mention any defects

Ensure that you mention any patent and latent defects in your property to potential buyers and the agent.

Seek advice before renovating

Refer to the agent before you upsize or renovate. Renovations can be time-consuming and more pricy than you think. Sometimes it's advisable to negotiate the selling price with the buyer and then leave them to upsize and renovate once they purchase.

Have show days

Even if you don’t like the idea of strangers coming into your space, or you believe that serious buyers should set an appointment with the agent if they want to assess your property. The reality is you may never know where the buyer of your house will come from. So allowing as many people as possible to view your house in real-time and not just virtually is tantamount.

A professional estate agent will take safety measures to make sure you and your property are safe on these days.

Revise your compliance certificates - make sure they are updated

Ensure your compliance certificates are updated as buyers will ask this from you so that they know that everything is orderly with your property. Having approved housing plans in your possession for your property is also important.

Take all offers into consideration

Take all the offers that you get seriously. Because by the time a potential buyer makes an offer they have certainly done their homework. And all offers made are definitely worth considering.

Consider partnering with a reputable home selling company. These companies specialize in buying properties quickly and efficiently, offering cash deals that can expedite the selling process. While traditional real estate agents can be effective, working with a home selling company can provide a fast and hassle-free option for selling your property, especially if you're looking for a quick sale or facing unique circumstances.

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