Selling a house is a time of change, and it can come with a lot of uncertainty. The only thing you can be sure of is that at some point during your transition, you will have questions. 

When it comes to decisions like where you want to go next and what type of house you’d like to live in, only you can answer.

For all the rest, especially those specifically related to selling, there is this post! Today, we’ll zero in on the most frequently asked questions about selling Toronto real estate. 

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Who Can Help Me Throughout This Process?

Who can help is hands down one of the smartest questions to ask when selling a house. Regardless of how well you’ve maintained your home, there will still be some work involved. To start with, you’ll have to pack up all of your belongings in time for your move. In the meantime, a few updates can undoubtedly boost your results. 

Trying to do it all alone can be overwhelming, and you don’t want to burn out when you should be enjoying a fresh new beginning. Your support team will include friends and family, especially those who can be motivated with the promise of pizza. Surrounding yourself with loved ones can turn what is often a stressful transition into a time of memories and laughter. 

Professional experts are another essential part of a straightforward and successful home sale. Home inspectors, lawyers, mortgage brokers, reputable contractors, and most of all, a skilled real estate team will contribute to a profitable transaction that is as stress-free as possible. Which, of course, brings us to another important question: 

How to Choose a Realtor® When Selling

What Realtor® should you choose, and do you even need one? Selling a house and getting a stellar outcome takes years of knowledge and experience, especially in a challenging market. 

A skilled real estate agent knows exactly what repairs will increase your chances and where you can save your money and time, how to price your home to get maximum exposure, and how to negotiate and advocate for your best interests. 

Think of the other experts you already know you will need at some point. On your own, you’ll have to research and vet them all. With a well-established real estate, you’ll have instant connections to trusted professionals. 

Once you know the value a skilled agent brings to the table, finding the right fit is the next step. You’re looking for someone local, with an excellent track record, and who comes with a long list of happy clients. For more insight, read How To Find The Best Midtown Real Estate Team.

What Costs Are Associated With Selling a Home in Ontario?

It’s easy to focus on how much your house might earn in the current market. However, in budgeting and planning your next steps, it’s also essential to remember the costs of selling real estate. 

Both the buyer and seller will have their share of closing costs. A seller has real estate commissions, legal fees, as well as their share of remaining property taxes and other municipal charges. 

The fees associated with selling a house are an unavoidable part of the process, but all the more reason to do everything possible to maximize the value of your transaction. All in all, it’s a good idea to save at least 5% of the selling price to cover your closing costs. 

Who Pays Lawyer Fees When Selling a House?

In Ontario, both the seller and buyer must have representation, so both will have legal fees before the transaction closes. On the seller side, these costs include running a title search and reviewing the Agreement of Purchase and Sale. 

On closing day, your lawyer will close or port your mortgage, if applicable. Most importantly, they oversee the transfer of funds and ensure you receive payment from the sale of your house. 

Looking for even more tips for a successful home sale in Toronto? The posts below are full of timeless advice for any market:

How Long Will It Take to Sell My House?

Even in the busiest market, no one can say for sure how long a house will take to sell. It depends on so many factors, like the neighbourhood, the condition of your property, how much exposure the listing receives, and whether it’s competitively priced. 

You can’t control outside factors like the market or the economy. What you can do is make your house stand out by ensuring that it is clean, up to date, and appealing to the highest number of potential buyers. 

Curious about how much your house might earn if you sold in today’s market? Find out by booking your free home evaluation with our Midtown real estate agents. 

How Can I Get the Best Value From My Home Sale?

Most home sellers want to earn the highest possible amount from their transaction, but it really is a balancing act. Some extensive renovations could increase the value of your home. However, they can also be expensive, not to mention disruptive. 

On the other hand, other updates are simple, cost very little, and can really make your home stand out in a sea of other listings. Cleaning and decluttering are at the top of the list. Even if you do nothing else, a buyer can’t help but be impressed by a meticulous presentation. 

To enhance your results even more, consider minor touches like paint and new fixtures. Once the scene is set, strategic staging can be the final nudge buyers need to place an offer. 

Whatever your goals may be, you can give yourself the best possible chance at selling your home quickly by working with an experienced and well-connected real estate agent. The real estate market may be unpredictable, but you can give yourself every possible advantage. 

Do you want more customized advice on how to prepare your home for sale? Our Midtown Toronto real estate agents are here for you.
Reach out to us at david@batorigroup.com, bobby@batorigroup.com or call (416) 485-7575 with any questions.