Yes, houses in the Masonville area of London Ontario are selling quite well but were you aware that 41% of houses listed take over 60 days to sell or do not sell at all?
To maximize your home's selling price there are steps you can take to ensure that your Masonville home sells quicker, reducing stress and maintaining some control of one of your largest financial decisions in your lifetime.
Keep the reason you are selling to yourself and your Realtor.
Do not reveal your motivation for selling to anyone else because they may use it against you at the negotiating table. When asked, just say that your housing needs have changed.
Different goals will dictate different strategies.
What is more important to you: the money you walk away with or the length of time your property is on the market or both?
Do your homework before setting a price.
The average buyer will look at 15-20 homes at the same time they are looking at yours. That buyer will now have a basis of comparison, and if your home does not compare favorably with others in the price range, you will not be taken serious by prospects or Realtors. The result can be that your home will sit on the market for a long time, knowing this; new buyers on the market will think there is something wrong with your home.
(A good Realtor should do this for you) Find out what homes in your neighbourhood have sold for in the last 6-12 months, and research what current homes are listed for. That is how a prospective buyers and their Realtor will assess the worth of your home.
Maximize your home's sales potential.
You may not be able to change your home's location or floor plan, but you can do a lot to improve its appearance. The look and feel of your home generates a greater emotional response than any other factor.
Before showings, pick up, straighten up, unclutter, scrub, scour and dust. Present your home to get a "WOW" response from prospective buyers. Allow the buyers to imagine themselves living in your home. The decision to buy a home is based on emotion, not logic.
Deciding upon a Realtor
You and your Realtor must work together and be in harmony in marketing your home. Choose carefully and wisely.
Make it easy for buyers to get information on your home.
Buyers calling for information on your home value their time as much as you do. They also do not want to be hassled or frustrated because they cannot get a hold of the listing Realtor or some of the information in the listing is incorrect. Over 82% of homes sold have been previewed over the Internet! Make sure your Realtor has a proven feedback system to allow you to know the comments and opinions of prospective buyers.
Keep emotions in check.
Do not be offended by a low offer or certain demands from the buyer. A good listing Realtor can turn these negatives into a positive situation. You will have an advantage over others who get caught up emotionally.
Be a smart seller- disclose everything.
Be proactive, by disclosing any problems or defects you are giving the buyer confidence that you are not hiding anything. This also will prevent liability or legal issues to follow.
Make sure the contract is complete.
Ensure that all terms, conditions and responsibilities are spelled out in the offer and that you fully understand them. A good listing Realtor will take the time to inform you on the conditions and terms and will insert clauses if required to further protect you
In closing, I sell homes, I just do not list them!
If you will be leaving London or moving to another part of London, who is going to buy your house or condo? For how much? How long will it take? When should I start? All good valid questions and I have written some guidlines which after reading will enable you to make a good financial and emotional decision.