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5 Reasons Your Toronto Home May Not Be Selling
With Toronto’s housing market hotter than ever, it may seem like any home for sale will be picked off the market in no time. The demand for homes in Toronto is high and shows no sign of slowing down. Yet, even in Toronto, some homeowners find their homes languishing on the market, failing to catch interest from buyers. No matter how good the market, houses for sale in Toronto still have to be priced competitively and marketed effectively. With the number of Toronto homes for sale, you need to be able to make yours stand out from the crowd.
Here are five common reasons which can explain why your home isn’t selling.
Competitive Pricing
It doesn’t matter how good the housing market is if your home is still more expensive than most other homes on sale. Realistically, your home should attract interest within a couple of weeks on the market. If it hasn’t, that’s a good sign it’s overpriced. Setting the right price for your home requires research. Look into other homes on the market and in your neighbourhood. A Toronto realtor can help you determine a competitive price.
