Tips for Sellers in a Down Market

By: Brandon Weiss & Mark Adelson

Tips for Sellers in a Down Market

Tags: Toronto, Real Estate, House Prices, 2022, Update, Investment, Investing, Property, Sellers, Buyers, Down, Market, Capitalize, Tips

The hot real estate market in the Greater Toronto Area is finally beginning to cool. If you’re looking to sell your home in the current conditions, you might be unsure of how to move forward. We’ve compiled a list of tips for you so you can best sell your home even in a cooler market.
 
Price your house right
 
Pricing your home too high, especially in a cooling market will cause you to lose potential buyers. Be realistic with what you hope to sell your home for when the market is taking a downward dive. It’s important to do research into what comparable homes in your area have sold for as of late. This can give you some insight as to what a fair asking price for your home is.
 
Up your home’s curb appeal
 
When you’re trying to sell your home, especially in a down market, the outside does matter! Make sure you put in the work to make it look as nice as possible. Wash the windows, porch and driveway. Consider adding flower baskets outside if the weather permits for a nice pop of colour. If your front door is looking a bit worn down, replacing it or repainting is a good idea.
 
Get professional staging help
 
Working with a professional stager can help get your home sold in record time. It will maximize your space’s potential, making it look as big and bright as possible. Staging also helps buyers picture themselves in the space which helps them to develop an emotional connection with the home.
 
Declutter your space
 
If hiring a professional stager isn’t possible, it’s also helpful to simply declutter your space yourself. Your home will be a lot more appealing to potential buyers after you take the time to remove any clutter that is sitting around your home. It’s nice to have a homey look, but when you’re selling, the fewer items you have, the more organized and spacious it will look.
 
 
Seek the help of a real estate agent
 
Working with an experienced real estate agent who knows the ins and outs of the current market is key to selling your home for top dollar. Although selling your house on your own is possible, in a downward market particularly you’re going to want to ensure you enlist the help of a realtor with lots of experience under their belts. Ask friends and family for references and don’t be scared to interview several realtors. It’s important to find someone who will help you navigate the real estate market, make you feel comfortable and confident with your decision, and set you up for a successful sale.
 
Meet our team
 
Together, Mark Adelson and Brandon Weiss have a combined record of 20 years of experience helping clients buy and sell real estate in the Toronto region and surrounding areas. Their relationship-based approach focuses on open communication with their clients built on trust, integrity, and above all honesty. Their ultimate goal is to help clients successfully navigate the real estate market in order to achieve their real estate dreams. Their clients benefit from a unique set of professional backgrounds and skills including luxury home building, strategic marketing and prospecting combined with creative negotiations and solutions.
 
Interested in working with us?
 
We would love to hear from you and get you started on an exciting new chapter. You can reach Brandon at 647-782-2277, or Mark at 416-275-0773. You can also reach us by email at clientcare@adelsonweiss.com.