When selling a house, pricing it correctly is one of the most important steps. If the house is priced too high, it can linger on the market for months without any chance of selling. Even worse, if the price is too low, it will certainly sell, but the seller could be leaving tens of thousands of dollars on the table.
If anything, the housing market has improved, with prices consistently going up and properties selling at a good rate. Why have all these experts been wrong? It isn't all about dollars and cents and what can give the best return on investment. Instead, emotions play a large role in the home-selling process, and they may ultimately prevent or at least delay any slowdown in Canadian real estate.
It's not a new concept for builders to offer incentives in the form of upgrades to potential buyers. However, I've been astounded by other incentives that have recently popped up in the Toronto real estate market. For example, Kylemore Communities has been offering $35,000 towards any new BMW, with a purchase of one of their specific condo developments.
Sold. A four-lettered word I was longing to hear. And finally after five l-o-n-g months, and one false start, the deed is done. We've sold our home of 28 years. To be honest it has seemed quite the marathon and I've learned a lot about myself in the process. But I have also learned some important lessons.