In the current market in Markham, selling your home takes a bit of know-how. Homes aren’t having multiple showings on the first day of listing and getting multiple offers hours later, as they did just a few short months ago. But, this doesn’t mean you can’t sell your home quickly and for full asking price – you just need to know what you’re doing. If you have neighbours who are selling, pay attention to what they are, and aren’t doing.
Current market value
While your qualified real estate agent can help you find the current market value based on recent sales in your area, paying attention to what your closest neighbours sell for can also give you a good idea of what you might get for your own home.
Check out the demand in the area
If you are considering listing, pay attention to how many people come and go to view your neighbour’s home. A prime advantage of selling your home when your neighbour also has their home for sale is that you can capitalize on their traffic. While someone may not have originally considered your own home, seeing that there is another option on the street might make them take a second look.
Talk to your neighbour
While this neighbour may already be a friend or foe, now is the time to get talking. See what kind of feedback they are getting from potential buyers and their real estate agents. You may get some useful information to use during your own home sale in terms of what buyers are looking for in your area. You can take this information and make your home that much better to suit buyer’s tastes. For example, if the buyers looking at your neighbour’s home love the curb appeal of their home and your home lacks it, get planting!
Get some hard data
If your neighbour’s home has sold, it will be easy to see how many days it was on the market. You can then find out from your neighbour or your own agent how much it sold for and then calculate the difference between the asking price and the selling price. You may also take note of if the listing price was adjusted at any time from the original listing price. All of this is important information that you’ll need in order to start with the best listing price for your own home and so you can be aware of how long it might take. In fact, your home may sell faster than your neighbour’s, simply because you are armed with this information.
If you are thinking of selling your Markham home, let me know if I can get you all of your neighbour’s information!