Has the hot Toronto real estate market got you thinking about putting your home up for sale? Now is a good time to be a seller, but it doesn’t mean that you can simply put the “For Sale”sign on your lawn and get top dollar for a property in any condition. Even though buyers are particularly active right now, they are still going to be particular about the home they decide to make an offer on. If you want to get the best price for your property, you will still have to prep your home for sale.
Factor to Consider When you Prep Your Home for Sale
- How Quickly You Want to Move
Do you need to relocate by a particular deadline for employment or education reasons, or can you take your time selling your home? Have you already made an offer on another home and you need the proceeds of the sale of your home to finance its purchase? These are good reasons to get your home sold quickly You’ll want to make sure that it is clean, clutter-free, and painted in neutral colours who are ready to move in.
- What Do Other Homes in Your Neighbourhood Have to Offer
Talk to your real estate agent about what you can do to make your home stand out from other ones in your neighbourhood. It can make sense to go to a few open houses to see homes listed at a comparable price range for yourself. If the other homes have a feature that your home does not, consider adding it to your property.
To Fix or Not to Fix?
If you are going to be selling your property, some repairs don’t make a lot of sense. Rather than replacing your kitchen cupboards, painting them and replacing the hardware makes more sense. They will look clean and neat, and the new owners can make whatever changes they like.
Replacing cracked flooring or putting on a new roof is a more difficult situation. If you don’t fix these kinds of issues, you will likely need to lower the price to cover the cost of the repair and compensate the new owner for having to deal with it. If you pay for it yourself, you may not recoup the full cost when you sell.
Your best choice when you decide to prep your home for sale is to work closely with your real estate agent. Daniel and Bonnie Wan have the experience to advise you in this hot Toronto real estate market. Call us today to discuss your plans.