Job loss, poor health, family problems, a sudden work assignment—there are many reasons that could prompt an urgent home sale. While distressed properties are generally tagged lower than market value, it does not mean you cannot get a fair price for your property in Mississauga, Brampton or anywhere else in the GTA.
Here are 4 tips to help optimize your returns:
1. Do not share your life story: Should you decide to act as your own agent, refrain from telling a prospective buyer or their Realtor™ the reason why you need to sell fast. They are likely to try and negotiate a lower price.
2. Let your home do the talking: Highlight the selling features of your home by drawing attention to them in subtle ways. For example, clean your gorgeous granite counters in your kitchen or bathroom of everything, leaving a vase of fresh flowers to work their magic. Remove the clutter (and about 50% of your belongings) in your custom made closet to impress prospects with the space. Polish your stainless steel appliances to a shine. Make sure your home smells fresh and inviting. Do not forget to remove personal photographs and religious items to help buyers envision living there.
3. Have a plan B: For instance, renting your home if the offers are too low or you cannot sell it in the stipulated time. Leasing it for a year could help tide over your financial problems while you build more equity in your home. With rising market prices, you may be able to sell at a higher rate in the near future. Many Realtors do offer property rental service as well.
4. Find an experienced Realtor: When it comes to positioning your property and negotiating the best offer, the skill and experience of your Realtor counts. At a time like this, speed and value are both important.
Count on dedicated Realtor Ritu Jain to look out for your best interests. With strong knowledge of Mississauga, Brampton and the overall GTA real estate market, I can make buying or selling your home a stress-free experience.