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The Ontario real estate market has been booming since the onset of the pandemic, resulting in record-setting growth for residential sales. Many potential homebuyers had to sit on the sidelines in the seller’s market, waiting for prices to drop. In the past few months, the market shifted back to pre-pandemic levels and became more balanced for both buyers and sellers.
Many homeowners are choosing to sell their property during this time. According to The Canadian Real Estate Association (CREA), the number of newly listed properties edged up 2.2 percent month-over-month as of November 2022 nationally. If you’re among the 2.2 percent looking to sell your Canadian home, here are a few ways you can make your home stand out in the crowd.
Stage Your Home Strategically
Staging your home makes the space appear nicer and allows potential buyers to visualize themselves using it more realistically. This may help them connect with the space and plan for when they live there, allowing you to catch their attention effectively.
The key to staging a beautiful home is keeping the décor minimalistic, as different people with diverse tastes will view your home. You can stage by home yourself with your existing furniture or consult a professional based on your budget.
Present High-Quality Photos
The photos you present on listing platforms will impact how many potential buyers visit your place. Even if you have a beautiful home, low-quality photos that may be blurry or out of focus can steer buyers away if they cannot visualize the space. A Washington Post article mentions that 87 percent of home buyers relied on photos to help make decisions.
Invest in a professional photographer that specializes in real estate photos. They know the best angles and lighting to use when photographing a home. High-quality photos reflect the space better, attracting more potential buyers to your home. They may also improve the photos with professional edits, allowing you to advertise your home with beautiful photos that appeal to a larger audience.
Upgrade Your Home
Before putting your home on the market, take some time to identify if any issues may influence your home’s desirability or sale price. Does the paint need a fresh coat? Do the lights need an upgrade? Are the appliances included with the sale old and worn out? Buyers will look at every aspect of the home before making a purchase. Even the smallest improvements can positively impact your home in the buyer’s eyes.
Consider investing in some minor upgrades throughout your home before putting it up for sale. If you don’t have the funds for renovations, consider getting a short-term payday loan. Use a reputable platform that offers online loans across Ontario and customize your loan based on your expected sale date. Once you sell your home, pay off your loan immediately to avoid late fees. If you choose the right improvements, the changes will pay for the loan itself, allowing you to profit more from your home.
Selling a home in Ontario can feel overwhelming due to the number of homes available today, but the right strategies can make your home stand out. Implement the methods above to attract buyers and get great offers on your property.