Flat Fee MLS, Power of Sales, Foreclosure, Tax lien sales, Luxury homes, Flip homes, Toronto MLS, Toronto Homes, Toronto Condos

 

Tips for our Vendors that will save time and make money

  • Property should be listed based on "Comparative Market Analysis" and at a price that relates favourably to comparable sales and comparable properties currently on the market.

  • The Listing price should be within 4% of the estimated value.

  • If the property does not receive any offer in the first 21 days, the price should be adjusted by at least 4%.

  • Any further reductions should be at least by 3% of the listing price.

  • No reruns of listing should be done without changing the offering terms

  • No two open houses should be conducted at the same price. If the first open house does not get a favourable response, the following "Open House" should be done by offering more favourable terms.

To make sure that the property does not get stale in the market and sells within the required time frame, one or more of the following should be adopted as early as possible:

 

1. Adjusting the price

2. Including some extras in the price

3. Refreshing the property, both inside and outside

4. Incentive to agents to sell the property by offering better commissions/bonus than what is being offered by the competition.

5. Easier access to property for agents to show the property

 

The Secret of Success is to stay ahead of the market and get out rather than follow the market and get stuck.



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Nawel K. Seth, Broker of Record
Trail Blazers Realty
, Brokerage,
TEL: 416.630.1999 / 905.660.7999. Toll Free 1.866.890.1999