Selling A Home
People sell their properties for many reasons however their is always one common pattern and that is to earn money from selling the property. The ambition is to sell the property quickly and smoothly. If you are selling an investment property, you will be paying taxes for any earnings made on the investment when sold, however if you are selling a home where you were a residence, you will not pay any taxes on capital gains.
Buy a home or sell your home first?
This is a complicated scenario. If you were to sell first and you find a purchaser prior to buying a new home you may run in to an inconvenient living situation. If you decide to purchase your new home prior to selling your existing property, you might be stuck paying two mortgages at the same time.
What would be the best option for you? This answer is easier then you think. Prior to making any decisions, you should do your research about the neighborhood and the property you are looking to invest in. Review your requirements as well as your budget. Speak to your real estate agent and begin the search for your new dream home.
If you have happen to find your dream home prior to selling your current home you can add a condition on your offer that states that you will purchase the home based on selling your current property. If your current property does not get sold in the time period stated in the condition then the offer will not go through.
Purchasing a new property prior to selling your current property can also be a delicate decision. You may have found a purchaser prior to finding your dream home – in this scenario you can create a condition based on the purchase of your new property in a specified time frame.
Stage your home to sell
Each and every individual has a specific taste in which not every look and interior design of your home will appeal to every purchaser. It is a good idea to talk to your real estate agent about staging and decorating your home to provide it with a look that is up to date and visually appealing.
Your representative will work with you to market your home and sell it as soon as possible.
Ray Sharma for Mississauga & Oakville Real Estate. Buying & Selling Luxury Homes, Condos, Semi-Detached Homes & Town Homes in the Mississauga, Oakville, Milton, Burlington, Brampton & surrounding areas of Toronto.