Are you thinking about selling your home in Toronto? That’s great! In Toronto’s current housing market, sellers can make top dollar with the right agent. And that’s true across the GTA; selling a house in Richmond Hill, Newmarket, Vaughan, or Mississauga will definitely pique the interest of serious buyers.
Not exactly the easiest of processes, selling a house in Toronto demands a real estate agent with experience and expertise in the industry, like Sue.
But as any knowledgable Realtor knows, no house or client is the same, and so the process of selling a home can be either lengthy, quick, or somewhere in between.
Sellers, however, can really speed up the process simply by being fully prepared when they call a real estate professional. See what you’ll need as a seller in our brief guide below, listing the most important documents you’ll need, selling strategies, and ways to prepare before putting your house on the market.
Obtain A Regular Tax Bill
Showcasing the lot and plan number of the house and what you’re paying on taxes for the property, a figure that must be disclosed to a buyer, a regular tax bill is an essential document to have ready-to-go. And since everyone gets a regular tax bill (even though we may not like it), this important document is pretty easy to get a hold of.
Get A Copy Of Your Property’s Survey
When you purchased your house, you received a fair amount of legal documents that you probably never looked twice at. One of these was likely your survey, a document listing out what exactly is registered on your plot of land. Buyers will always ask for a survey, and it may cost you some money if you don’t have it ready, so it’s essential you have this on hand. Don’t stress too hard if you don’t have a copy of your survey because one of your neighbours probably does, and their survey will likely list out what’s registered on surrounding properties, including yours.
Inquire About Mortgage Discharge Penalties
Getting out of your current mortgage may not be as easy as you think it will be, as certain mortgages have discharge penalties in place. It’s best to call a mortgage specialist about discharge penalties, preferably the one who originally sold you your mortgage in the first place. If that’s not possible, then just call us up, as we have several esteemed mortgage specialists on the $ell With $ue team ready to answer any and all of your questions.
Tell Your Kids You’re Going To Move
Obviously this piece of advice is only relevant to parents, and my gosh is it important. Having worked with numerous families during her career, and as a mother of four herself, Sue has seen it all when it comes to children dealing with the stresses of moving. Some kids handle it well, others not so much. A running trend Sue has recognized, however, is that the children who handle it the best have always been kept in loop, being told by their parents about the move early on and involved in the process. With that in mind, Sue can’t stress enough how important it is to tell your kids you’re selling their home BEFORE you contact an agent. Nothing will shock a child more than suddenly seeing a stranger who is going to be taking away the house they know and love.
Protect Yourself From Identity Theft
Technically this piece of advice will become relevant once your home is already on the market, it’s just so important we felt we had to let you know sooner rather than later. Now, we’re not trying to alarm you with the notion of identity theft, but it does happen to sellers without them even realizing it. How, you ask? Well, when you’re house is on the market, you’re going to have a fair amount of people come in for viewings. Some of these individuals will then scour the house, zeroing in on and stealing documents that may contain sensitive information, like your credit card information. While it’s up to your agent to ensure anyone viewing your house is an upstanding citizens, there are some bad seeds that can slip through the cracks. With that, it’s best to just place any and all papers with personal information in a safe and secure place, somewhere a stranger would never think to look.
Hide Any And All Valuables
An extension of the above point, hiding all valuables from plain sight will ensure that anyone viewing your house doesn’t walk away with a door prize. Jewelry tends to be the most popular target for thieves, but so are video games and consoles for kids. And don’t assume it’s only people who are viewing your house you need to worry about. When your home is put on the market, photos of the house will be available online, through social media and real estate databases. If said photos showcase valuable items, your house could be made a potential target to those looking to make a quick buck. So rather than lose something precious, just keep all of your valuables securely out of sight.
Avoid Talking To Your Neighbours
This may seem a bit strange, and we’re not saying you shouldn’t talk to your neighbours at all when you’re preparing to sell your house, but we ARE saying you shouldn’t talk to them about any of your moving plans, selling strategies, or discuss the house in general. Why? It’s not because we think your neighbours are big gossips, rather interested buyers may talk to a neighbour in hopes of obtaining some sensitive information. For example, if you tell a neighbour you’re definitely going to be moving out of your house because you’ve already purchased a new property, and that neighbour unwittingly passes on that information to a inquiring buyer, you may not get as large an offer because the buyer knows you’ll have to take an offer since you need to get the house off of your hands. No need to ignore your neighbours, of course, simply tell them to talk to your Realtor if they ask about anything related to the sale of your home.