The current real estate market condition in Toronto, Canada, is proving to be a challenging time for sellers. With a hot real estate market only a few short months ago where homes and condos sat on the market for only a few days before selling, times have definitely changed. For example, homes were sitting on the market for an average of 26 days (DOM) in Feb, 2008 according to the Toronto Real Estate Board and homes now sit for an average of 43 days. This is why itís more important than ever to put the extra effort in when selling your condo unit.
Here are a few tips when selling your condo unit in Toronto:
If the unit is vacant, staging can have a positive effect as it can help potential purchases visualize how space can be utilized.
If the unit is occupied it is extremely important to keep the space tidy. Surfaces should be clear, washrooms should be clean and dishes should not be in the sink.
It is to the sellers benefit to remove any paintings or objects with religious meaning. A simple religious object can limit potential buyers.
Be flexible with showings. If people can't get into see your unit, how can you expect it to sell?
If you are home when a showing is booked, step out of your home. Potential buyers will feel like they can't talk freely with their agent and will feel pressure to look quickly. You want showings to be a pleasant and comfortable experience.
Restrain pets. Even though Snoopy may be really friendly, a lot of people are scared of dogs.
A few little changes can make a huge difference when it comes to selling your condo unit. A little more effort can set you apart from your competition during these market conditions.
Written by Erica Mary Smith, Sales Representative, Tradeworld Realty Inc & Joy Paterson, Sales Representative, Right at Home Realty Inc, Brokerage, Toronto, Ontario.