SELLING YOUR HOME IN TORONTO

There are a million different reasons why people sell their homes, but every seller has one thing in common: the desire to get as much money as possible from their existing residence as quickly and as hassle-free as possible. (If your home is your principal residence, you won't have to pay capital gains tax on any profits from the sale. If, on the other hand, it is an investment property, prepare for the tax man!)

Before you begin the selling process, really evaluate why you're moving. Do you have too few rooms, or too many? Has your job moved to another city and you're relocating? Are the neighbours driving you away? Or are you simply looking for a change? A complete analysis of your current position will set a good foundation for your next home hunt.

BUY OR SELL FIRST?

Buy or sell first? That's tricky. After all, if you find a purchaser for your existing home, before you've found a new one, you may find yourself living out of a suitcase if convenient closing dates can not be negotiated. On the other hand, if you find your dream home before you've unloaded your old one, you may be faced with carrying two mortgages for a time.

So how do you manage? Easy. Do your homework and have a good idea about the neighbourhood and type of home you're looking for. Do an honest evaluation of your family's needs and budget.

Speak to your sales representative and start your new home search as soon as your existing home hits the market.

Purchasing a home before you sell could be a risky strategy if you're counting on the proceeds from the sale.

MAKE YOUR HOUSE MORE SELLABLE

While we all believe that our home is our castle, our personal tastes may not appeal to everyone. Your sales representative will work with you to give you an impartial analysis of your home - how it relates to other "competing" homes on the market and how your home reflects current design and style trends. Your sales representative will also take a good look at the general condition and upkeep of your dwelling.

Overall, your sales representative will work with you to position your home on the market so that your sales experience will take place as expeditiously as possible.

ADVERTISE YOUR HOME ON VARIOUS INTERNET REAL ESTATE PORTALS

Make sure your Sales Representative will be advertising on a number of Internet Real Estate Portals to ensure that the details of your home will be seen by a large number of potential buyers. Forget about print ads, the Internet is where over 90% of buyers begin their Real Estate search.

ARRANGE SHOWINGS

Your sales representative's reception desk will work with you to arrange showing times, when buyers and their sales representative will tour your home.  Be as flexible as possible in allowing appointments to take place.  A potential buyer wants to come at dinner time or early on Sunday morning ? No problem! Make the effort, they could be the one to make an offer.