A $100,000 Home Selling Mistake!
When I was buying my first home in Toronto, the selling Realtor made a mistake that almost cost the sellers $100,000. It is one of the reasons I got into Real Estate and created the Home Sale System, so that other people don’t fall afoul of home selling mistakes like this one. Realtors have a lot of skills and training but they are not valuation professionals. Since pricing is one of the most important parts of selling a home, this means that mistakes can be made – mistakes that could cost you tens of thousands of dollars if you are selling your home. This is what happened when I went to see a Townhouse in Toronto. The selling Realtor had valued the home based on the previous sales in the neighbourhood. However, what they had not factored in was the current market conditions and how different the market was since the previous sale (which had been almost 2 years before). With my background being in finance and building financial models, I had created my own valuation ...