Understanding the Listing Price Process and the Market

• Pricing your home accurately is the key to a successful sale. You need to understand the market - supply and demand, consider all comparable homes currently for sale in your area, previous and expired listings and sold listings.

• In a sellers market when inventory of homes is low and there are more buyers than homes available, prices tend to go up and homes will sell quickly.

• In a buyers market when there is a large inventory of homes and there are fewer buyers, prices tend to go down and homes take longer to sell.

• In a balanced market when there are equal number of listings to buyers then prices are stable.

• An over priced property can cost the seller thousands of dollars. It no longer competes with other homes in the market and buyers are less inclined to make an offer as other homes are more desirable. Also, as the home sits longer than average on the market, this can draw negative attention to it and can possibly stigmatize the home eventually forcing the price to fall.

• Your representative should provide you with comparables and a thorough explanation as to their derived market value for your home.

​Useful Suggestions to Sell in Shortest Time with Highest Price. 

Essential Steps 

• Remove all clutter and consider renting a storage unit if your home does not have enough storage. Declutter closets, shelves, drawers, surfaces,  and rooms.

• Deep clean your home. That includes windows and rugs. Remove all window screens.

• Rent a storage unit if your home does not have enough storage area.

• Hire a handyman to make small repairs like broken windows, cupboards, door locks etc.

• All pets, toys and kennels should be removed.

• Clean all kitchen appliances including inside fridge and oven.

• Keep bathrooms clean and free of personal products. Fresh clean towels are a good idea.

• Depersonalize space so potential purchasers can see themselves living in your home.

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Recommended Steps

• Freshen up your home with new paint especially in highly trafficked areas. Use neutral colours so buyers can imagine their own furniture and art in the space.

• Staging should be strongly considered. The extent of staging required is house specific. Get a consultation.

Remember Angela and Franca include, as part of their service, staging consult.

Angela and Franca would be happy to help you with your search. Please contact Angela and Franca using the link  Let’s Talk!