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.