Avoid These Two Big Mistakes When Selling in Toronto

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I’m here at the Mike Ferry Superstar Retreat. At this three day event, we learned all the top ways to take advantage of Toronto’s incredible real estate market. We also learned about two common pitfalls for sellers to avoid in today’s market. 

First of all, you need to avoid pricing your home incorrectly. Doing so costs you a tremendous amount of money. Our market is so hot that an incorrect price causes you to spend three weeks on the market, which means your listing is going stale. If you do get any offers, they will start coming in lower and lower. Make sure you are priced accurately from the get-go to avoid this. 

The second pitfall is using the wrong marketing strategy. Again, this could cause you to sit on the market and lose money. For example, you’ve probably heard a lot about multiple offers. However, multiple offers are only occurring in certain neighborhoods. If your property is unsuitable for the marketing strategy your agent proposes, you will sit on the market. We want to set you up with a plan that works for the neighborhood you are in. 

If you have any questions, give me a call or send me an email. I would be happy to help you!