[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Sell” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjIxMDYifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”12px||12px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||9px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||32px|||” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.18rem” custom_margin=”||5px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n By Emily Southey<\/a> | 9 minute read<\/p>\n [\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”21px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” custom_padding=”2px|||||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||11px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n The first question to ask yourself is \u201cDo I really want to sell my home?\u201d Sometimes, sellers are ready to move on, whether their kids have moved out and they want a smaller space or they\u2019re moving to a new city. But in other instances, the seller might be better off renovating or refinancing their home.\u00a0<\/p>\n –<\/span><\/p>\n When deciding whether to sell or renovate, you\u2019ll need to consider the cost (is it cheaper to remodel or to move altogether), your emotional attachment to the home, and the timing (Is now a good time to sell for your home? Is it a good time to sell given the real estate market?).<\/p>\n –<\/span><\/p>\n Selling a home is a lengthy, complex process. Sellers need to be prepared for every step of the process, especially if they choose to sell their homes privately (more on that below). Here is a snapshot of the steps you should prepare for when selling your home.<\/p>\n \u00a0–<\/span><\/p>\n –<\/span><\/p>\n Before you put your home on the market, you\u2019ll need to decide whether you’re going to hire a REALTOR\u00ae or sell your home privately. Both decisions come with pros and cons, which we dive into below.\u00a0<\/p>\n –<\/span><\/p>\n First off, the benefits of choosing a REALTOR\u00ae are that they do all the work for you. A REALTOR\u00ae will walk you through every step of the selling process, from helping you determine an appropriate asking price to marketing your property, hosting showings, and getting all the paperwork in order to close the deal. They can be an invaluable resource. One of the main drawbacks is that you will have to pay to hire a REALTOR\u00ae, and payment is made via commission. This means that when your house sells, a small percentage will be paid to the REALTOR\u00ae. That said, many sellers still find working with a REALTOR\u00ae to be worthwhile owing to the value they provide.\u00a0<\/p>\n \u00a0–<\/span><\/p>\n If you\u2019ve decided to partner with a REALTOR\u00ae to sell your home, take the time to find someone who\u2019s a good fit. Your REALTOR\u00ae should have extensive knowledge of the local market, a proven track record, and be fully licensed. Don\u2019t hesitate to meet with several REALTORS\u00ae and interview them. After all, they are providing a service to you. Find someone trustworthy, responsive, and who you think will advocate on your behalf throughout the entire selling process.<\/p>\n –<\/span><\/p>\n As a seller in Ontario<\/a>, it is within your rights to sell your home privately. There is no law requiring you to use a REALTOR\u00ae. Selling a house privately has its advantages and its disadvantages. One of the main reasons that people choose to sell their homes themselves is to save money. When you sell a home yourself, you don\u2019t have to give a commission to a REALTOR\u00ae, which means extra money in your pocket. It\u2019s as simple as that. Another reason you might choose to sell your home privately is for greater control throughout the process. Without a REALTOR\u00ae by your side offering their opinions and guiding you in the process, you can make all the tough decisions yourself. When to sell your home, what to price it at, when to host an open house and showings, and negotiating with potential buyers will be entirely up to you. Some people prefer that level of control. On the flip side, selling a house privately can also be challenging. It requires time and energy, which not everyone has for selling their home. It also won\u2019t necessarily save you money if a REALTOR\u00ae could have gotten a higher offer on your home. Make sure to consider your decision carefully before putting your home on the market.\u00a0<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#edf7f3″ custom_padding=”32px||32px||true|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.75rem” max_width=”800px” module_alignment=”center” header_2_font_size_tablet=”32px” header_2_font_size_phone=”27px” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”32px” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||24px||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”23px||38px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n Give your home the best chances of being sold by employing the selling strategies below.<\/p>\n –<\/span><\/p>\n An open house is an opportunity to showcase your home in its best light. Key mistakes to avoid when holding an open house include neglecting the landscaping and exterior of your home, cramming the cabinets and closets full of items (buyers can be nosy so you should be prepared for every nook and cranny of your home to be examined), keeping pets at home, failing to handle minor, quick repairs (leaky faucets, chipped paint), and failing to eliminate strong odours before the event.<\/p>\n –<\/span><\/p>\n There are many reasons that a home may not be selling, such as marketing. Some of the most common reasons include poorly lit, unprofessional photos, no video footage of the property, the home is priced too high, the showing times are too restricted, the REALTOR\u00ae isn\u2019t marketing the property effectively, or the timing is off (perhaps the school year has just started or you chose to list it over the busy holiday period).\u00a0<\/p>\n –<\/span><\/p>\n In an ideal world for sellers, all homes would sell over asking. If this happens to you, then you\u2019re one of the lucky ones. Properties are more likely to sell over asking in a seller\u2019s market when demand is high and supply is low.\u00a0<\/p>\n –<\/span><\/p>\n If you\u2019ve decided to sell your home, then we want to ensure the process is as smooth as possible. Whether you\u2019re in a time crunch or not, there\u2019s nothing quite like the feeling of selling a property quickly and efficiently. To give your home the highest chances of being sold, consider the tips below.<\/p>\n –<\/span><\/p>\n The best time to sell a house in Ontario is when the market is hot. When demand is high and supply is low, the seller has the advantage, which means no matter the time of year, you\u2019re likely to be successful in selling your home. If the market is cool, then you might want to be a bit more strategic. Generally speaking, spring and summer are the most popular months to buy a home in Ontario, while fall and winter are the least popular months. To have the best chances of selling your home, your REALTOR\u00ae may recommend listing it between March and August. Ultimately, the best time to sell a house in Ontario is when it feels right.<\/p>\n –<\/span><\/p>\n Staging your home is crucial to the selling process. Most REALTORS\u00ae will tell you that the more neutral you can make your home look, the more likely it is to sell. Therefore, the first step in staging a home is decluttering and depersonalizing. Remove knick-knacks and personal items, such as family photos, keep surfaces clean, and maximize walkable space. The more neutral your home looks, the easier it will be for potential buyers to visualize themselves in it, increasing the odds they will make an offer. Beyond decluttering and depersonalizing, your REALTOR\u00ae may recommend adding in new pieces of furniture, artwork, or fresh flowers and plants.\u00a0<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section” module_id=”sell-widget” _builder_version=”4.24.2″ _module_preset=”default” background_color=”#f0faf4″ custom_padding=”0px||0px||false|false” da_popup_slug=”sell-widget” da_disable_devices=”off|off|off” global_module=”300633″ locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”2_5,3_5″ use_custom_gutter=”on” gutter_width=”3″ make_equal=”on” _builder_version=”4.24.2″ _module_preset=”default” background_enable_color=”off” module_alignment=”center” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.24.0″ _module_preset=”default” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2024\/04\/Group-5922.png” title_text=”Group 5922″ src_last_edited=”off|desktop” _builder_version=”4.24.2″ _module_preset=”default” max_width=”480px” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.24.0″ _module_preset=”default” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.24.2″ _module_preset=”default” header_font=”Poppins|700|||||||” header_line_height=”44px” max_width=”100%” max_width_tablet=”” max_width_phone=”270px” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”||10px||false|false” custom_margin_tablet=”” custom_margin_phone=”30px||10px||false|false” custom_margin_last_edited=”on|phone” header_text_align_tablet=”” header_text_align_phone=”center” header_text_align_last_edited=”on|phone” header_font_size_tablet=”” header_font_size_phone=”30px” header_font_size_last_edited=”on|desktop” custom_css_main_element=”font-weight: 800 !important;” custom_css_free_form=”#sell-widget h1{|| font-weight: 700 !important;|| font-size: 30px;||}” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.24.2″ _module_preset=”default” text_font_size=”22px” text_line_height=”26px” header_font=”||||||||” header_line_height=”26px” header_2_font_size=”22px” header_2_line_height=”26px” max_width=”100%” max_width_tablet=”” max_width_phone=”270px” max_width_last_edited=”on|phone” module_alignment=”left” custom_margin=”||30px||false|false” text_font_size_tablet=”” text_font_size_phone=”18px” text_font_size_last_edited=”on|phone” text_orientation_tablet=”” text_orientation_phone=”center” text_orientation_last_edited=”on|phone” module_alignment_tablet=”” module_alignment_phone=”center” module_alignment_last_edited=”on|phone” global_colors_info=”{}”]Instantly track the value of your most precious asset.[\/et_pb_text][et_pb_button button_url=”\/ca\/en\/home-estimation\/what-is-my-home-worth?check-bestimates-modal=true” button_text=”Get estimate” button_alignment_phone=”left” button_alignment_last_edited=”off|desktop” _builder_version=”4.24.2″ _module_preset=”default” custom_button=”on” button_text_size=”12px” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”|700|||||||” button_use_icon=”off” custom_margin=”||||false|false” custom_padding=”10px|20px|10px|20px|true|true” button_text_size_tablet=”” button_text_size_phone=”13px” button_text_size_last_edited=”on|phone” custom_css_main_element=”font-weight: 800 !important;” custom_css_free_form=”#sell-widget a.et_pb_button{|| font-weight: 600 !important;||}||||@media (max-width: 600px){||#sell-widget a.et_pb_button{||display: block;||text-align: center;||}||}” global_colors_info=”{}” custom_css_main_element_last_edited=”on|desktop” custom_css_main_element_tablet=”font-weight: 800 !important;” custom_css_main_element_phone=”font-weight: 800 !important;”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”54px||48px|||” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n A few other considerations home sellers in Ontario should consider are as follows:\u00a0<\/p>\n –<\/span><\/p>\n Home sales in Ontario are subject to land transfer taxes, property taxes, and HST. However, the good news is that these taxes are the responsibility of the buyer, not the seller. In Ontario, land transfer tax rates vary, starting at 0.5% on the first $55,000 paid, 1% of the value between $55,000 and $250,000, 1.5% of the value between $250,000 and $400,000, 2% of the value between $400,000 and $2,000,000, and 2.5% of the value over $2,000,000. Keep in mind that this is the provincial land transfer tax only. Some municipalities, such as Toronto<\/a>, have their own land transfer taxes, which must be paid in addition to the provincial one. Meanwhile, property tax rates vary depending on the type of property you own and HST is a set rate of 13%.\u00a0<\/p>\nConsiderations Before You Sell<\/h2>\n
Sell vs. renovate\/refinance<\/b><\/h3>\n
The Selling Process<\/h2>\n
\n
Working with a Realtor vs. Selling Privately<\/h2>\n
How to choose a REALTOR\u00ae<\/b><\/h3>\n
Selling a house privately in Ontario<\/b><\/h3>\n
“A REALTOR\u00ae will walk you through every step of the selling process, from helping you determine an appropriate asking price to marketing your property, hosting showings, and getting all the paperwork in order to close the deal.”<\/h2>\n
Selling Strategies<\/h2>\n
Mistakes to avoid when holding an open house<\/b><\/h3>\n
Reasons why your home may not be selling<\/b><\/h3>\n
Selling over asking<\/b><\/h3>\n
Tips for Selling Your Property<\/h2>\n
The best time to sell a house in Ontario<\/b><\/h3>\n
Staging your home<\/b><\/h3>\n
Know the Value of Your Home<\/h1>\n
Other Considerations<\/h2>\n
How home sales are taxed<\/b><\/h3>\n