Are you getting ready to sell a Greater Toronto Area house? Before you list it, learn about the different ways you are able to sell it. In our latest post, we explore your options and lay out the simple steps to sell your house in Greater Toronto Area.
When it comes time to sell your home in Greater Toronto Area, there are two common options you can choose from. The first would be selling your house directly to a buyer. The second would be hiring an agent to handle things for you. Each solution has its pros and cons. What works for one house, may not work for another. Think about what each method will mean for you before selling your house in Greater Toronto Area!
Selling Your House Directly:
Get An Offer
Each home buyer has their own methods. With a direct sale to True North House Buyer , the process is straightforward and fast. Tell us about the property you wish to sell, we will view it an make an offer. It is up to you whether or not you want to sell to us. There isn’t any obligation or pressure to sell.
Sell Your House
If you accept the offer, we are able to close in only a couple days. We pay for the closing costs and take care of the repairs and cleaning. We aim to make selling your house directly a completely stress-free, yet lucrative process. We leave the sale date up to you. This will let you prepare and plan ahead, which you aren’t able to do with a traditional listing.
Selling With An Agent:
Price It To Sell
Many people make the mistake of pricing their house too high. Having to repeatedly lower your price doesn’t look good to potential buyers. The pricing history is public knowledge, so if it is dropped many times, buyers can begin to think there is something wrong with the house. Don’t waste your time pricing it too high. You might think it is worth a shot, but when in reality it doesn’t paint a good picture to buyers. Most buyers have done their homework and will find your inflated price off-putting.
Find An Agent You Can Trust
It can be difficult finding an agent you trust and like. Keep in mind, when you sign a listing agreement with an agent, you are bound to them for a set amount of time. Typically anywhere from 3-6 months. During this time, no matter how the house sells, they will be entitled to their commission. Interview multiple agents before making your decision and be sure to speak to some past clients to get their opinions on how the agent handled the sale.
Get It Ready For Potential Buyers
Before you list the property, make the needed repairs to get it ready. Fix anything that looks bad cosmetically as well as anything that will come up during a home inspection. By fixing these things ahead of time, you will save your self some grief when a potential buyer looks to inspect and negotiate the price of the home. Now is also the time to tend to the landscaping and curb appeal.
Market and Prepare To Show The House
Once the house is ready to go, you will need to market and get it ready for showings. Clean the house from top to bottom or have it professionally done for the biggest impact. Put away all personal items and clear away anything that makes the house look cluttered. Incorporate some eye-catching items to stage the house such as a fresh bouquet of flowers or colorful bowl of fruit. Make the space inviting and also photo ready. When marketing the house, choose popular sites and publications your potential buyers are likely to peruse.
Find A Buyer
This can be easier said than done. Hopefully, with the right marketing, your house gets seen and there is a lot of interest in the home. It can take many property showings and many months of waiting before you get an offer that you will accept. If you are very patient, waiting can pay off if you receive an offer you like!
Endure The Negotiation Process, If Applicable
Once a buyer has made an offer, they will have an inspection done on the house. Most offers contain a contingency allowing room for negotiation should major repairs be required. If you can’t come to terms, or if the house doesn’t appraise at the price you are asking, the whole thing could fall through and you could find yourself back at square one.
Wait For The Closing
If your buyer is using a lender, you can expect to spend several weeks waiting for the property to close. This is just more time you will be responsible for the taxes, utilities, and insurance on the home.
As you can see, selling your house directly is a much simpler process! Find out if it is right for you before signing a listing agreement!