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Over the last month, every client I've met with has been asking when the spring market officially begins, and whether they should list now or wait until later on. This is a difficult question, as there are many factors that contribute. A close analysis of both the overall market and the local competition is the best way to come up with a selling strategy.
One of the most common questions I get from people looking at selling their home privately concerns potential legal problems that could arise from selling without using an agent. One of the biggest misconceptions out there is that sellers think that legal problems are inevitable.
In the years between when the assignment is purchased and when the unit is occupied, there are many reasons why people who bought these assignments may want to sell. Maybe their financial situation has changed, maybe their family status has changed, or maybe they need the money elsewhere.
Now that 2014 is here, let's take a look at my top five predictions for what will happen in the Toronto housing market in 2014.
I get asked all the time by prospective home sellers whether they should sell their home first and then buy, or whether they should buy first and then sell. The short answer is that there is no right decision, and there are advantages and disadvantages to both options.
Canadians are using alternative services when selling their homes. I've been working for five years in Toronto helping people to sell their homes privately, and in this time I've learned what works, and more importantly, what doesn't work.
When selling a house, pricing it correctly is one of the most important steps. If the house is priced too high, it can linger on the market for months without any chance of selling. Even worse, if the price is too low, it will certainly sell, but the seller could be leaving tens of thousands of dollars on the table.
If anything, the housing market has improved, with prices consistently going up and properties selling at a good rate. Why have all these experts been wrong? It isn't all about dollars and cents and what can give the best return on investment. Instead, emotions play a large role in the home-selling process, and they may ultimately prevent or at least delay any slowdown in Canadian real estate.