In the Toronto estate market, your home is likely your most valuable asset as any increase in value is not subject to capital gains tax or inheritance fees. Unlike other real estate markets across Canada, certain desirable pockets in the Toronto real estate market only seem to increase in value, and with the Eglinton subway set to open in the near future, I don’t see that changing any time soon. Location Location location has been the mantra in real estate forever, and it continues to hold true.
A buyer is more inclined to make a full-price offer on a home that is listed at fair market value. Conversely, the byer is more apt to put a low offer on a home priced about market value. If you overprice your home, you will have fewer showings, receive low offers, and take longer to sell, plus you will actually contribute to the sale of other properties.
At Chestnut Park Real Estate, Brokerage, it is our team’s mission to maximize your profits on a sale. We work hard to determine the correct price upfront, then will be there every step of the way, from agent networking, staging, preparing professional photographs, feature sheets & floor plans, to helping to negotiate the best offer, and ensuring the deal closes on time and with minimum fuss. And of course, we would love to find your next home with you when we sell the one you’re in.