Before Jenuja Thayaparan and her husband listed their home in Ajax, Ont., for sale they updated the bathrooms and repainted the main floor.
Knowing the real estate market is slowing down from the frenzied pace of the past few years, Ms. Thayaparan says they wanted to get the best price possible.
“We knew that we needed to update the home a little bit, given that our home was a little on the older side,” she says.
On the advice of their realtor, she and her husband, Mithilan Thanabalasingam, also decluttered, cleaned out the basement and had the home staged, which included bringing in a modern sofa, sleek dining room chairs, pillows and bed covers.
“The staging is probably the reason why we got the price we did because it was beautiful,” she says.
Their home sold last week for $810,000, a price they are happy with. They plan to rent a basement suite from a family member until they buy a larger home next year, hoping to be house hunting in a cooler market.
“We knew the market was normalizing a little bit. Last year prices were absolutely crazy,” she says. “We definitely got less than what it could have been last year but wanted to upsize before prices dropped further with the additional increase in interest rates. We figured we’d sell now and then possibly look into buying next year.”
Ms. Thayaparan’s real estate broker, Anuja Kumarasamy, guided them on where to put their time and money for the best sale.
Just a few months ago the market was extremely hot, and everything was selling, whether it needed work or not, says Ms. Kumarasamy, the broker of record at Remax Realtron AD Team Brokerage in Ajax. In this market, she recommends sellers invest in some simple updates that make their home much more attractive to buyers.
“It’s not like before. You can’t just list a house as-is and expect it to sell,” she says.
Article: https://www.theglobeandmail.com/business/article-tips-for-getting-the-best-price-for-your-home-in-this-slowing-market/?
