Mistakes to Avoid When Selling Luxury Real Estate in Ontario

luxury real estate ontario

Selling your home is a big task. From packing to cleaning, there is a lot to think about when you decide to list your home. So, you can see how it would be easy to skip steps along the way. However, this can result in you selling your home for a price below what it’s worth. In this article, we will be going over some of the most common mistakes to avoid when selling luxury real estate in Ontario. Follow along below for more information!

Avoid These Mistakes When Selling Luxury Real Estate in Ontario!

  1. Not Accounting for Moving Costs

The first mistake to avoid is not accounting for moving costs. Before you decide to sell your home, make sure that you have a detailed budget/plan for moving. While making your budget, ask yourself questions like: are you hiring movers or renting a truck? Do you need boxes and other supplies? Who’s going to clean your home once it’s empty? Moving costs tend to add up quickly, so it is important to account for these expenses prior to selling. 

  1. Not Pricing Your Home Appropriately

When you sell your home, it’s normal to want the best price. However, emotional attachments can make it hard for homeowners to remain objective. When determining the price of your home, it is important to seek out an expert’s opinion. This way, you’ll find the most appropriate price for your home. Otherwise, if you price your home too high, you risk losing buyers’ attention. On the other hand, pricing too low could mean that you end up selling your home under value. Pricing your home right is a key step in selling. 

  1. Taking your own Photos

Self-taken listing photos are risky. While it is undoubtedly that most smartphones have exceptional photo quality, they don’t come with a skilled photographer. Unless you have experience taking professional-grade photos, it is recommended that you hire someone. A professional photographer can help you stand out from the crowd with 360 virtual tours, aerial shots, drone footage, and more! Showcase all that your home has to offer by hiring a professional photographer to get the job done right.

More Mistakes to Look Out For

  1. Failing to Consider Curb Appeal

Curb appeal is not something to neglect when selling your home. In fact, curb appeal is one of the most important parts of your property. When you go to show your home to potential buyers, the way your home looks on the outside will be their first impression. If buyers aren’t impressed by what they see on the exterior, they will likely care less about the interior. If your yard has seen better days, consider hiring a landscaper to tidy up key areas. This small investment can drastically impact your home’s value. 

  1. Mismatched Appliances

Another mistake to avoid is having mismatched appliances. Having mismatched appliances is often a detriment to your kitchen. Investing in matching appliances is worth the extra cash. 

  1. Taking Negotiations Personally

Many homeowners take negotiations too personally when selling their homes. This is to be expected, however, it is important to remain impartial. At the end of the day, selling your home is a business transaction that requires emotions to be off the table. 

  1. Not Hiring an Agent

The last mistake that you can make, is not hiring an agent. This is especially true for first-time sellers or those with minimal experience. Hiring a real estate agent is advantageous for a number of reasons. Not only will they be able to provide you with insightful tips, but they will also ensure that you avoid making any major mistakes as you sell your home. Moreover, going with an agent is a great way to save time and reduce the stress that comes with selling your home. Get the best price for your home by hiring an agent today!

Contact us About Selling Luxury Real Estate in Ontario!

Selling your home is no easy feat. Before your home goes up on the market, it is crucial that you take the time to prepare! If you have any questions about selling your luxury real estate in Ontario, contact us today. For more information on what mistakes to avoid when selling, get in touch with one of our team members. Be sure to check out our Instagram page here for the latest updates and more. We’d be happy to help you find an awesome high-end property in Ontario. Feel free to reach out to us at any time, we look forward to working with you soon!