{"id":10556,"date":"2017-03-14T01:00:42","date_gmt":"2017-03-14T05:00:42","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/?p=10556"},"modified":"2020-02-17T20:46:35","modified_gmt":"2020-02-18T01:46:35","slug":"what-should-you-do-if-youre-approached-to-sell-your-home","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/what-should-you-do-if-youre-approached-to-sell-your-home\/","title":{"rendered":"What Should You Do If You\u2019re Approached to Sell Your Home?"},"content":{"rendered":"

Picture this: You\u2019re living happily in your home in a desirable neighbourhood in Toronto. Then, one day, there\u2019s a knock at the door from a real estate agent. He says he\u2019s got a client who would love to buy your property, and the price that he\u2019s offering to pay nearly knocks you off your feet.<\/p>\n

You weren\u2019t planning on selling your home, but the money is attractive and you\u2019re not sure just how long the Toronto real estate<\/a> market will continue to be this hot.<\/p>\n

Scenarios like this are becoming increasingly common says Ara Mamourian, broker of record with Toronto-based Spring Realty.<\/p>\n

\u201cIt\u2019s happening more and more as inventory is super tight in the city,\u201d Mamourian says.<\/p>\n

There\u2019s Lots to Lose<\/h2>\n

With a low supply of detached, single-family homes – and even Toronto townhouses<\/a> available on the market – a growing number of agents are going door-to-door and approaching the owners of properties that their clients might like.<\/p>\n

But homeowners should be wary of unsolicited offers, Mamourian cautions.<\/p>\n

\u201cIt\u2019s very difficult to put your trust in the hands of somebody who\u2019s knocking on your door, who\u2019s in the position to greatly benefit from you saying yes,\u201d Mamourian says.<\/p>\n

Prospective buyers may try to sway you into selling by emphasizing the fuss involved in putting your home on the market.<\/p>\n

\u201cThey\u2019ll say, \u2018Oh just avoid showings and avoid the hassles of having to get your house ready, I\u2019ll just give you this amount right now and it\u2019ll be fine,\u2019\u201d Mamourian says.<\/p>\n

Related Read: The Price Difference Staging Your Home Can Make<\/a><\/strong><\/p>\n

Seek Out Your Own Pro<\/h2>\n

But in the vast majority of cases, homeowners leave money on the table when they take such an officer.<\/p>\n

If you are interested in selling, Mamourian recommends seeking out an agent – someone unbiased who can help you figure out the true value of your home.<\/p>\n

\u201cIt\u2019s worth going through the motions,\u201d Mamourian says<\/p>\n

Most homeowners already know a good real estate agent through their extended circle of friends. But if you don\u2019t, choose one who is very active in your neighbourhood.<\/p>\n

\u201cCall the one that has the most signs in the ground,\u201d Mamourian says.<\/p>\n

Another marker of a good real estate agent is that he or she is involved with the community, for example by being involved with local organizations of showing up at neighbourhood events.<\/p>\n

\u201cIt\u2019s very important to hire somebody who specializes in the area where you live, not somebody who just works everywhere and collects paycheques all over town,\u201d Mamourian says.<\/p>\n

Plan Your Next Steps<\/h2>\n

It\u2019s also important to consider the end goal, says Mamourian. What will you do now that you\u2019ve got a chunk of cash but no roof over your head?<\/p>\n

\u201cIf you\u2019re going to buy something, you\u2019re probably going to give back all that money that you made,\u201d says Mamourian.<\/p>\n

If however, you\u2019re a retiree looking to downsize or get out of the city, it\u2019s a different story.<\/p>\n

It\u2019s important to have a plan for all that cash you\u2019re going to make, Mamourian adds.<\/p>\n

\u201cIf you really don\u2019t have any sort of follow-up plan for all the money you\u2019re going to get from what\u2019s likely your biggest asset, then you\u2019re probably just better off to sit tight until you have that plan together.\u201d<\/p>\n

Finally, if the offers just won\u2019t stop, consider putting a \u201cno solicitors\u201d sign on your door. That should keep them at bay.<\/p>\n","protected":false},"excerpt":{"rendered":"

Picture this: You\u2019re living happily in your home in a desirable neighbourhood in Toronto. Then, one day, there\u2019s a knock at the door from a real estate agent. He says he\u2019s got a client who would love to buy your property, and the price that he\u2019s offering to pay nearly knocks you off your feet. […]<\/p>\n","protected":false},"author":27,"featured_media":10558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[113,181],"tags":[],"class_list":["post-10556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selling-your-home","category-toronto-real-estate"],"yoast_head":"\nWhat If You\u2019re Approached to Sell Your Home? | Zoocasa<\/title>\n<meta name=\"description\" content=\"Have you been approached to sell your home? 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