Should You Wait to Sell Your Toronto Home?

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Today we address a widespread misconception many homeowners are fooled by: that it's better to wait to sell your home when the market is "hot." In other words, many homeowners think it's better to wait until there is a frenzy of buyers in the market making multiple bids for homes that really aren't worth the asking price. 

The problem is, in most cases, those same sellers become buyers themselves. This means they have to compete with other buyers to get the home of their dreams. Because of this, the best time to sell is not necessarily when the market is hot. Indeed, the best time to sell is when you are best prepared and the numbers make sense for your situation.

In the Toronto area, some neighborhoods are currently shifting toward a balanced market and many homeowners are sitting on the sidelines waiting for the next frenzy of buyers. You don't have to wait to get the most value out of your home - you can sell your home for a great price in today's market if you act now. If you do your homework and get some good advice on how to price your home and what improvements need to be made, you can put your home on the market with confidence. 

As always, we are here to help you make sound financial decisions when it comes to buying and selling real estate. Give us a call or shoot us an email - we'll help make your Toronto real estate experience a success.

There is No Better Time to Make the Upgrade You've Always Wanted

If you're a prospective buyer in the Toronto area, Click here to search all homes on the MLS, or if you want to place your home on the market, don't hesitate to obtain a free home value estimate. If you have any questions, or need any preliminary information about the Toronto real estate market, feel free to contact us at (416) 438-2536

While skimming real estate news the other day, we found an article on CNN Money that might interest you. It reported that the average home built in North America was about 2,600 square feet - that's 500 square feet larger than the average home built 20 years ago. 

That's right, the average house being built today is bigger than at the peak years of the housing boom.

This means that now is an opportune time to put your home on the market and begin looking for the larger home you've always wanted. 

There are homes on the Toronto real estate market today with that extra bedroom, home office, or family room your family needs. If you want to move into that upgraded home this summer, you need to call an agent now so we can begin making preparations to market your current home. 

The first thing you need to do is check how much your Toronto home value, so you know how much you have available for a down payment. We would love to help you through the process. Give us a call or shoot us an email so we can start planning to get you into a bigger house as soon as possible!