When realtors and business media go on and on about there being a hot real estate market in which bidding wars on homes are the norm do you, as someone who’s been out of the real estate market for some time, think it’s all a bunch of hooey designed to provoke people into a flurry of buying and selling?
We understand your suspicion. But truthfully, the upcoming spring real estate market may simply be the best time to sell your house thanks to the swelling fervour of Toronto buyers.
Recently, one of our listings for a single-family home near the AGO generated 28 offers to purchase. In the end, the home sold for $500,000 over what the owners were asking.
That’s right, we said $500,000 over the asking price.
With that many buyers and so few sellers, prices are being pushed through the roof. Selling your house now may be as good as it’s going to get.
At Freeman, you’re sure to get an intelligent sales strategy for selling your property thanks to our 40-plus years of experience in the Toronto housing market. That know-how permeates everything we do, from offering free evaluations and a plan of action as to how we’ll execute your sale, to getting the greatest value for your house and doing so in a fashion that creates the least amount of worry and hassle for the seller.
Our track record from the number of days it takes to sell a property to the average sales price to how much over asking we typically receive beat the Toronto Real Estate Board’s numbers every time during 2012 and 2013.
“We want it to be easy for you,” says Elden Freeman, “and we want you to feel comfortable especially now when you can get caught up in a frenzy or excitement of the current marketplace.”
According to the Toronto Real Estate Board’s Jason Mercer, the outlook for sales for this year is positive with 89,000 transactions forecasted for the Toronto MLS system.
While house prices will grow by about six per cent with an average price set at $555,000 for 2014, the competition for those houses is expected to heat up even more. That’s because the number of listings on the market will remain limited.
We understand that it’s natural to be doubtful about the real estate market as it is today with record sales figures and multiple bids. Selling your home is a big step, whether you’re planning to downsize, move up or make a lateral move.
As realtors with an outstanding track record, we’re here to help you through the process each step of the way.