The Ontario Real Estate Association’s latest survey about selling your home reveals that the majority of home sellers in Ontario are most concerned about the real estate market (77 per cent).
However, most sellers in Ontario would benefit from the advice and assistance of a real estate agent when it comes to their next top concerns: 61 per cent of home sellers are concerned about the legal documents that are required in a home selling transaction, 60 per cent are concerned about whether they’ll need to fix up their home to sell it, and 59 per cent are most concerned about the number of days on the market before a home sells.
“It seems homeowners are just as concerned with the home selling process and the documents involved as they are with the thought of preparing their home for sale, which isn’t surprising as there’s a lot to consider with this step,” says Rob Abraham, the president of the Ontario Real Estate Association. “Realtors can quite quickly and easily identify areas in a home that require repairs or touch-ups or alternatively can advise against certain renovations if the return on investment isn’t there. Ultimately, homeowners want to show their home in its best light to help make for a smooth negotiation phase and sale.”
More women were concerned about fixing up a home before listing it (with 62 per cent compared to 57 per cent of men) and half of potential home sellers who had an income over $100,000 were concerned about price negotiation, while that number increased to 56 per cent for people with an income between $50,000 and $99,999 and 62 percent of those with household incomes of $50,000 or less.
What is your top concern about the home selling process?
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