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KW Realty Centres Blog

5 Things Neighbours' Houses Can Tell You About Your Own

Thinking about selling? Check out the comparable homes ("comps") in your area, because they can tell you so much about what to expect if you list your own house.

HOW UNIQUE YOUR HOME IS Are there 10 other homes of a similar size, with similar features from the same year for sale in your neighbourhood? Then prep yourself to price competitively-or risk your home potentially sitting on the market for longer than you like. But if your home is the only one of its kind, you may move quickly.

WHAT BUYERS WANT See what amenities are getting top dollar. If you have them, make them a key part of your marketing.

ASKING PRICES VS. REALITY The listing price is just that-a listing price. See what homes are actually selling for to better set your expectations.

THE TEMPERATURE OF THE MARKET How long are houses in your neighbourhood sitting on the market? Days on market stats will help you refine your asking price.

WHAT NOT TO DO Find homes near you that aren't selling, then figure out why. See what missteps neighbours may have made in their homes or their listing strategy, and make sure to avoid!

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 12/7/2019 8:28:06 AM