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Common Questions |
  What's The Value of Your Home?
Selling and Moving
Multiple Offers
Multiple Listings Service (MLS)
Advertising Your Home
Pricing Your Home
Surveys
Canceling a Mortgage
GST
RealCanada Networks
If you have any questions, please contact The Mulholland & Ross Group for immediate assistance:
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Multiple Offers
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| Multiple offers is a term used to describe when a
seller receives more than one offer at the same time. A seller's dream come true, the
multiple offer situation often results in the home selling for the full asking price, if
not more. In our current market, it is common for real estate agents to list homes on the
MLS and then 'hold offers' until a specific date in hopes of creating a multiple offer
advantage for their sellers. On the cautionary side, many buyers have decided that they
have had enough of this and refuse to be involved in multiple offers, or as they put it
'bidding wars'.
Remember: Multiple offers happen when a home
is either under priced or extremely well priced. If you believe in the philosophy of asking
a lot in order to allow room to negotiate - don't hold your breath for multiple offers.
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Multiple Listings Service (MLS)
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| The MLS is operated by the Toronto Real Estate Board.
Through detailed indexing and organizing, the MLS service allows all the members of the
Toronto Real Estate Board the opportunity to find your home and show it to their prospective
buyers. The MLS is fully computerized and available onthe Internet for its members. The public
can access most of the same information at www.realtor.com/toronto and MLS.ca. The public
does not always get the full address, rather an area perimeter or intersection and price
range. The MLS is valuable tool and allows for the broadest exposure. |
Advertising Your Home
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Of course in a good market some people feel just about
anything will sell ….but at what price? Exposing your home to the broadest market-place
will allow for a multitude of buyers to consider your home. With proper marketing
exposure, an organized presentation and aggressive negotiating, homeowners can be sure
that every opportunity has been taken to obtain the highest possible price.
"We use a selection of proven methods" explains
Peter Mulholland. "Our goal is to introduce as many serious buyers to our client's
home as possible."
Each home is different and many require unique methods of exposure. We find the North York
Mirror newspaper to be a valuable tool, as well as our RealEstate
Toronto
.com website. Our web site alone attracts visitors
every day! We receive daily e-mails from people requesting information about our
listings."
A professional newsletter has also assisted with moving people
within a certain neighbourhood. Our listings are featured in all our advertising plans until
it is sold!
"We find the majority of our buyers and sellers are
trying to stay within their present neighbourhood. Advertising our listings locally has
allowed many of these people to find their next home," says Peter.
For a personal plan on exposing your own home to the broadest market place, call
Peter Mulholland & Ora Ross. |
Pricing Your Home
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| Determining a realistic price for your own home can be a
confusing task. Peter and Ora have been in just about every home that has sold in the area
and are able to give you an accurate market evaluation on your home. Using the Comparable
Data Method, Peter and Ora analyze what similar homes in the immediate neighbourhood have
sold for in the same market conditions. With a written report, including all the MLS print
outs of the comparable homes used in the study, they then analyze the findings with their
sellers.
"It is always our seller's choice as to how they would
like to price their home. We offer experienced advice." states Ora. "After all,
it's their home!"
It is important to note that everything must be taken into
consideration when determining a realistic price for your home.
Asking more than everyone else?
Just remember, buyers are comparison shoppers. They look at everything before they make a
decision. One of the most commonly asked questions from buyers is 'how long has this home
been for sale?' If your home is sitting on the market, the buyers ask "why hasn't it
sold?" What do you think will be their number one reason? |
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Lot size