Toronto Homes

How to Get the Most for Your Home in a Slowing Toronto Real Estate Market – Part Three

by: Rosalin Smith Carr on July 22nd, 2008     2 Comments »

Here are the last two most common errors that you must avoid, in order to get a higher price when selling your home in a softening real estate market.

declining toronto real estate market

  •  Do not let your emotions gain control of you

The offer you have in front of you is quite good. You are almost there.  However, the buyers want those curtains that your spouse had custom made. This is not the time to lose the offer over “depreciated curtains”. Keep an eye on the big picture.

  •  Failure to set the correct price

Nothing will turn your buyers off faster than your having an asking price far above the true market value. The internet has allowed both buyers and sellers to gain considerable knowledge about property values.

You would be making a huge mistake by saying … “they can make an offer”.  Most of us are simply too busy to play that type of game. By placing your asking price within 2 to 3 percent of your home’s true market value, you have infinitely better chances of receiving good realistic offers.

Today’s buyers are very different than they were 15 years ago before the arrival of the internet. Generally buyers are well informed  and are only looking at those listings that are priced correctly.

Save yourself, your agent and the buyers a lot of time. Today there are few unsuspecting, uninformed buyers.

Read more great tips in a slowing toronto real estate market on Part Two.

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2 Responses to “How to Get the Most for Your Home in a Slowing Toronto Real Estate Market – Part Three”

  1. I just couldn`t wait till you come up with another part of this fabulous guide. Some time ago I posted a comment on a different site with a wannabe guide saying, that someone should take all the miniguides and amake real big and good one. Well here you have it. Rosalin did it. Thumbs up and keep up the good work. I just love it.
    Elli

  2. Rosalin Smith-Carr says:

    Delighted that you are finding this helpful!
    Rosalin

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