Upon listing their property, every homeowner wishes for an accelerated, low-anxiety home sale. While Toronto’s once ever-escalating seller’s market made results like this commonplace, conditions have evolved substantially in recent years, leading many prospective home sellers to inquire: How long does it take to sell a house?

As an industry, real estate in Toronto has long proven complex, with intricate micro-markets continuously responding to greater social and economic factors. From a macro perspective, contemporary dynamics are relatively balanced, favouring neither buyers nor sellers.

To that end, home sellers still have the opportunity to pursue a fast, high-result home sale should they take an informed, strategic approach to the market.

Armin Group is led by a team of veteran real estate agents. In this article, we will offer an analysis of how long it takes for a house to sell, the process of selling, critical terminology, and more.

What is DOM in Real Estate?

If you are interested in understanding the average time to sell a house in Toronto, there is one key performance indicator to be mindful of – DOM.

Days on market, often abbreviated to DOM, is a metric utilized by real estate industry analysts, brokerages, agents, and other relevant professionals to report number of days a particular home has been listed. DOM can also be used for statistics relating to the the average number of days houses stay in the market, based on a particular set of parameters, such as location and period. In Toronto specifically, average days on market are reported on a monthly basis by the Toronto Regional Real Estate Board.

However, when analyzing DOM data as a home seller, it is important to recognize that industry averages may not always serve as a relevant point of comparison. The reality is that every Toronto home is unique, particularly in the city’s older neighbourhoods. Therefore, broader market trends or buyer behaviours may not be germane to one’s property, and should not outright inform expectations on how soon it may sell.

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Eager to know more about the process of selling a home? Explore these related readings.

• What Do You Have to Disclose When Selling a House in Ontario?
• Misconceptions About Selling Your Toronto Property
• What Are The Costs of Selling a Home?

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How Soon Can I Sell My Home?

When considering how long it takes to sell one’s property in Toronto, there are two distinctive processes to consider. One, the preparatory events preceding formal market availability, which can be quite involved; and two, whatever may happen once the house is officially listed.

In Toronto’s contemporary real estate landscape, undertaking strategic preparations is essential to selling your property in as little time as possible. However, these measures can take time, and will be your responsibility to carry them out (with or without professional support). Therefore, much of the timeline of your home sale will be in your hands.

Accelerating Your Home Sale

Buyers are willing to act with haste when they discover their dream home – even in a balanced market. As a seller, ensuring your home presents its best is paramount to capturing the attention of potential buyers and creating a foundation for motivated, high-quality offers.

Cleaning & Decluttering

An efficient, top-dollar home sale begins with a thorough cleaning and decluttering of its interior and exterior. Your objective is to eliminate belongings that may hinder your home’s appeal, such as sizeable furnishings or items that are overtly personal.

Addressing Issues & Blemish Correction

Once the property is clean, turn your attention to any outstanding issues or maintenance around the home. Examples include chipped paint, faulty appliances or systems, damaged floors or ceilings, and other blemishes that may be unresolved. No matter how insignificant an imperfection may seem, it could have a substantial impact on how buyers perceive the property.

Intelligent Pricing

Pricing is another cardinal component of a fast, successful home sale. Rather than hold an objective value, your home is ultimately worth what the market dictates. Therefore, if you are seeking an accelerated home sale, you must set your asking price thoughtfully with the guiding oversight of your real estate agent.

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Wish to optimize the results of your home sale? Consider these related readings for additional insights.

• Is Staging Your Home Absolutely Necessary?
• Refined Strategies to Enhance Your Home’s Value
• How to Evaluate a Toronto Real Estate Agent

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Sell Your House With Armin Group

Selling your home? Armin Group Real Estate is here to help. As market-leading Realtors, our approach to selling real estate is truly unrivalled – setting a new benchmark for excellence in Toronto’s dynamic market.

Leveraging our expertise in buyer wants, design trends, and home staging, our approach to pre-market preparations is truly comprehensive. Further improving your selling journey, our end-to-end white glove service allows us to ensure your home is positioned for exceptional market performance while minimizing hassle, stress, and disruptions.

Selling your Toronto home? Armin Group can help. Send us an email at ar********@************ty.ca or call 416.960.9995 to begin your journey.