In another article, we shared the ins and outs of buying a tear-down in South Etobicoke. While buying comes with a lot of due diligence and things to watch for, selling a tear-down is a totally different story. Selling a tear-down, by comparison, is a lot easier, so long as the seller knows how to price and market their property.

Here is what to know about selling a South Etobicoke tear-down and a few tips to carry with you as you make it happen.

The Viability Of Selling A Tear-Down

If you’re selling a tear-down, there needs to be enough demand for the lot, location, and property as-is to receive enough offers to get what it’s worth.

Fortunately, due to the strong demand for properties in Etobicoke, selling a tear-down is extremely viable.

Market Your Tear-Down With Transparency

Most buyers want turn-key housing. They want new homes, low maintenance, and with no repairs waiting.

Knowing that, when you market your tear-down, be transparent. Highlight why it’s a tear-down and the chance it presents for a buyer to buy a home and renovate it to fit their lifestyle, interests, and preferences.

Depending on the extent of damage or the issues present on your tear-down, market the lot as an opportunity for a buyer to build their ultimate dream home on.

Do Not Bother With Rehab And Repairs

It is a waste of money to try to rehabilitate, repair, and renovate what you intend to sell as a tear-down home. The type of person who wants to buy a tear-down is not going to care or pay extra for any renovations you may have done.

This, however, saves a ton of money, energy, and effort. No updates or repairs you need to do. No work involved.

Looking for more home selling advice? Check out these blog posts next!

Price Your Tear-Down Appropriately

It costs a lot of money, time, and effort to buy and rehabilitate a tear-down property and lot. Factor that into the asking price.

Even though there’s a big, big demand for Etobicoke homes, no one wants to overpay or pay an unfair price. Keep in mind that you’re mostly selling the land and, yes, South Etobicoke land is worth a lot. However, never price above market value.

Show Off The Lot And Neighborhood Amenities

Selling tear-down homes in Toronto is a trend, in large part due to the amount of older neighborhoods as well as the amenities that surround them. In marketing and structuring your South Etobicoke tear-down ad, be sure to strongly focus on the value of the lot as it pertains to local neighborhood amenities.

Identify school districts, local events, and the location of the neighbourhood in relation to other GTA communities.

Have more questions about selling your Etobicoke home? You may find helpful advice in these blog posts.

Hire A Realtor To Sell Your Etobicoke Tear-Down

If you have not sold a tear-down before, it is absolutely worth it to hire a realtor with experience in tear-downs.

Even a tear-down has work involved in selling it. A realtor knows how to stage a home, how to show it, and how to feature it in the right light. They know how to negotiate the best price to buy a tear-down in Toronto and can advise you on the sales agreement. Needless to say, they will be a great help throughout the sales process.

Wait For The Right Offer On Your Tear-Down

In selling a GTA tear-down, the area is in such demand that you may be shocked at the offers you receive. If you aren’t happy or if the advice of your realtor is to wait, don’t hesitate to wait. The right offer will come along.

Get in Touch With Us

If you’re selling a South Etobicoke fixer-upper, tear-down, or want to sell your home as-is, reach out to Adrian + Andrea. We know the market and the neighbourhood and know how to appeal to investors and buyers searching for a fixer-upper.

Discover with Adrian + Andrea the best ways to sell a tear-down in Toronto today. Call us at (416) 319-6893 or email us directly at info@adrianandrea.com to learn more.