When you choose to downsize your home, it’s typically a decision made based on wants, needs, and preferences. While most know that it’s financially beneficial to downsize, many aren’t thinking up ways to maximize what they receive in exchange for what’s often a gem of an asset. Especially if you own a detached house or semi-detached house in Toronto that you want to sell, making the right moves can mean the difference in thousands of dollars over and above your asking price.

Here is how to sell your home when downsizing to get the most for the real estate you are putting on the market.

Downsize Now – Not Later

Downsizing should be a choice and not a mandate. Downsize earlier rather than later so that you can accustom yourself to a new residence while dealing with the emotional impact of leaving your existing home.

Know Where You Want To Live Next

Before you sell your home, think about where you want to move to. While there’s no pressure to move immediately, when you sell, you’re going to be required to. You may want to arrange a temporary mortgage, line of credit, or bridge loan to buy or rent your next residence while selling your existing home.

Planning on downsizing? Consider these other posts from our blog for more advice.

Declutter And Thin Out Your Items

Especially if you’ve spent a lifetime where you’re living, you probably have so many items with memories attached to them and many that don’t. Consider what you want to take with you. Toss any items that aren’t serving you anymore, whether that is to sell them, recycle them, or donate them.

Professionally Evaluate Your Home

Hire an appraiser to come and properly look at your home to report to you what its market value most likely is. This can help you determine where to set the asking price and give you honest input on what repairs and/or renovations can be done to increase its value.

Hire A Real Estate Agent

Some may want to sell their homes without a real estate agent and hold on to that commission but selling a house is tremendous work. In addition, a real estate agent can often get you a better price because they can put to use their knowledge at every step to properly feature your home.

Need more catch-all advice about selling your home? Check out these blog posts next.

Market Its Features

Present your property based on its benefits, features, and advantages. When you write a property ad, at the front, emphasize its primary features, whether that it’s size, number of bedrooms, yard, unique architecture, location, or otherwise.

Ignore High-Pressure Buyer Tactics

Some buyers may be borderline rude with how they want to approach buying your home. If you’re feeling pressured by them or if they’ve given you a timeline you can’t meet, refuse the offer or advise them to adjust what they are offering.

Negotiate With Buyers

Just because an interested buyer has put in an offer does not mean they aren’t willing to negotiate. A real estate agent can help you in the negotiation process as you come down to a final sales agreement.

A homeowner looking to buy or sell and downsize in Etobicoke should reach out to the team at Adrian + Andrea. Allow us to take over on a few things and help de-stress the situation for you.

Transition to your next residence smoothly as we can help coordinate the sale or purchase and offer recommendations on how to get the most from your downsizing experience. Connect with Adrian + Andrea today. Reach out to us today! Call us at (416) 319-6893 or email info@adrianandrea.com.