The 'Need To Knows' Of The Georgetown Market
It’s a challenging market situation right now. This year has been record breaking, with prices soaring and everyone trying to get in on the action, it seems near impossible to even think that there is a chance to capitalize in this market, but we’ve got you covered. Here are some tips for when you’re looking to get involved in the market that will hopefully help you collect top $$ for your home. First and foremost, you want to look at the fundamentals of the market. Are there more buyers than sellers? Currently, we continue to see a high demand and a lack of inventory which means it could be the perfect time to sell. Here’s a few things to remember: Don’t overprice your home; “Your house is only worth what the market is willing to pay you” says certified financial planner Ellen Derrick. Realtors have their eyes on the market and know what kind of homes just like yours are selling for now. Pricing your home too high will discourage interested buyers and likely leave your home on the market for months which is not what you want. Instead, call the Paula Mitchell Group. We can set up a presentation of the analysis on the value of your home to ensure you’re getting what your home is worth. Marketing is important; with the Paula Mitchell Group comes outstanding marketing. It would be easy to take a photo of your home with your phone, stick a For Sale sign on your lawn and wait for buyers to start putting in their offers. It just doesn’t work that way. Using all of the marketing options available to you is proven to be one of the only ways to get the highest price for your home. And in our case, it’s easy, we do it for you! Don’t neglect necessary repairs; it’s more efficient to fix things ahead of time. Otherwise, you risk buyers seeing the faults in your home during showings and open houses. If you don’t remedy the repairs before listing, prospective buyers will almost guaranteed, offer less or ask for credit back to complete the work that could have been done before hand. Instead, during the presentation, do an inspection of the home. With the help of PMG, we can let you know what needs to be done to get your home looking its best. Don’t sell your home before you’re ready; I know with the market being as heated as it is now, and the recent studies saying there will be no summer slowdown, your first instinct is to list, and list now. If you’re not ready, however, it can be an experience that can go on for weeks or even months. Before the For Sale sign goes up, talk it over, list the pros and cons, and ensure that what you are doing is right for YOU now. Not for the market. Most importantly, pick the right realtor for the job; the first and most costly mistake you can make when listing your home is picking the wrong agent. This is the most important transaction in your life. Ideally, you want to find someone who is familiar with your neighbourhood, they can ensure that you will have your home priced correctly. You should also be looking for someone who sells homes on a regular basis, not just a couple of homes a year. That way, you can be sure that they are aware of the market activity right now. They may not always agree with you and tell you what you want to hear, but that is because you need someone who will be giving you honest feedback. The market may be hot, but not hot enough for just anyone to sell your home. Picking the right agent is the most important thing you can do. The Paula Mitchell Group has over 30 years of experience in helping families find their dream homes. We primarily work in Brampton, Caledon, Mississauga and Georgetown as these are the communities we know and love. Check out our About Us page to learn more about the team! Keep these 5 reminders in your head when thinking of selling your home. Selling your home can be far less stressful when you have an experienced Realtor on your side!