When you sell a house, you might wonder how to get the maximum profit from it. Not only that, the process of selling your house involves hidden costs, and if you don’t know them, it could cause you inconvenience in the future. Selling your home for the first time is tricky, but the following tips will help make it an easier experience.
The housing market is constantly changing, so make sure that you do proper research about mortgage rates, etc. Staying updated on real estate news will set you on the right track. There are different sources that you can check, for example, TRREB (TORONTO REGIONAL REAL ESTATE BOARD).
2. Hire a professional real estate agent
You probably think that a realtor is not necessary and that you can do everything by yourself, or by asking your family and friends. However, a realtor is actually a sidekick that you need since they can analyze comparable sales and prepare an estimate of value for comparative market analysis. Therefore, hiring a professional realtor helps you to sell your house at a better price. When working with a real estate agent, it’s important to discuss with them the best day to list your home, the price, and their commission.
3. “Make-over” your home before listing
There are many affordable home improvement projects that you can do, for example, painting walls or doors, and replacing light fixtures. Besides that, having a home inspection completed before the listing is recommended, since the last thing you want is your potential buyers getting scared off because of your house’s problems.
4. Showcase your home
If you hire a realtor, they can help you get your home in show-ready condition. During this time of lockdowns, you can potentially have your home checked through virtual showings and have discussions with your real estate agent through Zoom or WhatsApp.
5. Negotiate with the potential buyers
Your realtor would help guide you during this process. However, if you are negotiating yourself, to get the best deal, you should prepare some strategic counteroffer for the potential buyers. Considering factors such as money and contingencies will help to make the negotiation process go smoothly.
Do you want to sell a house in the GTA? If yes, you should make sure to remember these tips, and your selling process will be less stressful. If you still feel unsure, don’t hesitate to contact me at (416) 830-9039 so that I can help you further.