Rey de Guzman, Sales Representative  

THE GTA REAL ESTATE MARKET HAS SPOKEN


 

THE GTA REAL ESTATE MARKET HAS SPOKEN!!!

If you list your home today, one of three things is likely to happen:

1. It might sell quickly for a very good price if it’s a great home with wide market appeal and listed at the right price;

2. It might take a few weeks or months to sell if it’s priced right, but doesn’t have broad market appeal; or

3. It might take a very long time to sell if it’s not priced right and doesn’t appeal to a lot of people.

So what can you learn from their experience:

  • Select a list price based on recent comparable sales.
  • Make sure your expectations are reasonable.
  • Don’t feel pressured to accept the first offer you receive. It may be the best, but it may not.
  • Be prepared for buyers who want to try to buy your home for a really low price. Don’t let these offers cause you to panic. You don’t have to accept them unless you want to.
  • Listen to the market.  Here’s another expression: “The market has spoken”. I tend to believe in this one. If you’re getting showings and offers and a number of offers are coming in around the same price, chances are that’s what your home is worth.

To give you an idea of the current market, check the charts below of sales of detached homes from last 5 months:

 

 

 

If you know anyone who is interested in learning how the market works and would like to receive the kind of help that involves honest answers, straightforward advice, no pressure and being treated like family, please let me know the best way for me to connect with them because I’d like to offer them this kind of help. And as always, don’t be shy if you have any questions or comments about this post! Thanks for reading.


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Please complete and submit the following Online Home Evaluation form. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential.

To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person.
   
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