Eric  Tiftikci

Eric Tiftikci

Sales Representative

Century 21 Leading Edge Realty Inc., Brokerage*

Mobile:
416-727-9211
Office:
416-686-1500
Email Me
Eric  Tiftikci

Eric Tiftikci

Sales Representative

Century 21 Leading Edge Realty Inc., Brokerage*

Mobile:
416-727-9211
Office:
416-686-1500
Email Me

Pre-Construction Condos

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    The One
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    XO Condos
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    Occupy: 2023 Read More
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    Avia
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    Occupy: 2023 Read More
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    Bayview Village Condos
    Type: High RiseToronto
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    Tretti Condos
    Type: Mid RiseToronto
    Occupy: 2022 Read More
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    50 Scollard Condos
    Type: High RiseToronto
    Occupy: 2022 Read More
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    PRIME Condos
    Type: High RiseToronto
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    Line 5 Condos
    Type: High RiseToronto
    Occupy: 2024 Read More
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    55C Condos
    Type: High RiseToronto
    Occupy: 2023 Read More
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    Azura Condos
    Type: High RiseToronto
    Occupy: 2022 Read More
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    T1 at M2M Condos
    Type: High RiseToronto

How to prepare your home for a quick, profitable, summer sale

Summer is almost here and for those people who ready to get your house sold in this hot seller's market, here are the tips from Financial Post.

How to prepare your home for a quick, profitable, summer sale
Melissa Leong | May 30, 2014

After a brutal winter, the heat has finally arrived and with it, expectations of a hotter real estate market. The flurry of housing activity normally reserved for early spring is extending into the summer, industry experts say.

“The pent up demand from the winter is coming to fruition. As soon as listings come out, they’re being swallowed up,” Gurinder Sandhu, executive vice-president at RE/MAX’s Ontario-Atlantic Canada Division, says.

“For buyers there are more choice and for sellers there are more buyers.”

How you price your home and how you prepare its for sale are key.

“Price trends from one neighbourhood to the next can be very different,” Gregory Klump, chief economist at the Canadian Real Estate Association. “If you price your property too high, there is a chance it’ll sit on the market without offers.”

Here’s how three recent home sellers weighed their options, and came out with the sale price they were looking for.

Original purchase price: $332,000 in 2002.

Asking price: $889,000

Sold on the first day: $889,000

Jennifer Lee, a 41-year-old public relations manager, had bought her 3,000-square foot home in Markham, Ont. brand new in 2002 for $332,000. The house had four bedrooms and four bathrooms. With the goal of moving her family to Toronto to be closer to work and loved ones, she put her house on the market on March 12.

What were your home selling goals? “My goal was to get maximum value for the home because I was going to move into a much more expensive neighbourhood. I also had a very short timeline because I wanted to match it with my kids finishing the school year.”

Describe your home selling strategy. “One of my strategies was to sell before I buy. [My brother] who has moved five or six times, said the stress he experienced buying a home first and then trying to sell his home was the worst stress of his entire life. Then you get into panicky mode: ‘I need to accept an offer.’ Then you get sellers regret: ‘Did I sell too cheap?’

We had looked at a home three doors down from us that was the exact same model that had sold last summer. They didn’t have a finished basement. It sold for $815,000. (We had spent about $50,000 to upgrade our basement.)

My agent told me that buyers in the market really like to bargain, so I thought I will price in a 5% to 10% buffer. My asking price was $889,000. I told my agent, ‘I don’t even want to hear an offer that is less than $850,000. In my head, I was thinking, I want $870,000 to $875,000.

We originally thought to hold off on offers; [our agent] said, let’s not lose momentum. If someone’s interested, let them make an offer.”

How did you prepare the home for sale? “We significantly de-cluttered. We stripped out all of the closets and did some re-painting. There were some bold colours on the main floor that we neutralized. We replaced carpet in the basement with laminate and new carpeting. Our budget for clean up was $3,000.”

What did the home finally sell for in the end? “We got an offer on the first day of the market for asking, no conditions.

“We do know that the buyer was from China and was moving to Toronto and was only in town for a week.”

Final thoughts on the process. “I’d recommend not holding off on offers. If someone wants to offer, find out what they want to offer. You can always go back to people who’ve looked at the house and see if they’re interested.

In terms of preparations, don’t get pushed around by contractors who tell you that you need to paint eight rooms and replace all mirrors. Buyers can generally see beyond paint. You don’t have to redo your whole house.”

 

Original purchase price: $122,500 in 2001

Asking price: $270,000

Selling price: $265,000

With Elisa Holland’s transient military career, which has included tours in Afghanistan, and her husband’s job as a consultant in Alberta’s oil patch, the couple has lived apart for eight years. They finally decided to list their Calgary home for sale on April 1 and move together to Kingston, Ont. They bought the two-storey townhouse with three bedrooms, one and a half baths and two parking spaces for $122,500 in 2001. They listed the 1,500-square foot property for $270,000.

What were your home selling goals? “We wanted to put it at a fair price to sell quickly so we could buy a house in Kingston; it allowed us to buy our dream house. Kingston is a very stable market whereas Calgary is the exact opposite. My aunt and uncle have a fully detached house with a two-car garage in Barrie Ont.; it’s listed at the same [price] as our townhouse.”

Describe your home selling strategy. “I had interviews with three realtors. You have to pick a realtor who understands your residence. The reason why we ended up going with Michelle [Russell, a realtor at Royal Lepage], she understands townhouse/condos and first-time buyers.

You want to make sure you have very neutral décor. You want it so that if someone else walks in, they don’t see that it’s your house but they can picture themselves there. If you have carpets, you want to take those up so it’s a clean line across the floor. If you have an area rug, it cuts up the space. If you have a pet, you want to remove all traces that you have one. Even before a realtor came over, I took photos and very harshly critiqued them.

Knowing when to put it on the market is key. Most people want to keep their kids in school and they’ll start looking in March/April.

What did the home finally sell for in the end? Our price that we’d be happy with was anything over $260,000. We ended up with two offers: $263,000 and $265,000. We ended up selling it for $265,000, with fewer conditions (they didn’t want a home inspection) and they already had their financing in place.

Final thoughts on the process. Go with your gut feeling, especially if you get multiple offers. Your realtor will give you a sense of what the buyer is like. The $263,000 offer that came in, I honestly felt sick to my stomach. I got a sense that there was something not quite right. Make sure you do your research on your realtor. Don’t always go by someone’s advertising. On the whole, the majority of good realtors will never have to advertise, it’s all word of mouth.

 

Original sale price: $245,000 in 1995

List price: $689,000

Sale price: $700,000

Asking price After living in a two-bedroom bungalow in New Westminster for 19 years, Bob Harris looked at the backyard one day and said, “I just don’t want to do it anymore.” The 68-year-old retired union rep wanted to downsize. He had bought the house for $245,000 and listed it for $689,000. Meanwhile, he saw a two-bedroom condo that he liked and he put an offer on it.

What were your home selling goals? “It seemed like a good time [to sell] in New Westminster; house prices were going up and condos were going down. The spread between the two was as good as it has been in a long time.”

Describe your home selling strategy. “The rush was on. We got it ready to show within a few days – decluttered, depersonalized it.

My real estate agent Dave [Vallee] had sold a couple [of homes] in the same shape as mine; he had sold one for $683,000. We put it at $689,000, hoping to get some competing offers.

In less than a week, we had an open house on a Sunday. The next day there were three offers, all higher than the asking price…$692,000, $699,000 and $700,000.”

Knowing when to put it on the market is key

What did the home finally sell for in the end? “Two of them were subject to financing. The [homebuyer offering] $695,000 had the money in cash. Her real estate agent was there that night at the house presenting the offer and she was waiting in the car. We said, ‘Would she be willing to move to $700,000 to meet the other offer?’ and she did.”

Final thoughts on the process. “It helps to have a realtor who knows the area that you’re buying and selling in. In going to a lot of open houses, you’d go to ones where the realtors were from outside the area – so there were a lot of questions they couldn’t answer.

If something needs painting, paint it. I went to some places and they were messy. It just doesn’t make you necessarily want to buy. The place that I did buy ironically, the person had been relocated back east and said, ‘Take it as it is.’ They probably could’ve asked for more if they had done a few things.”

Illustrations by Chloe Cushman, National Post

 If you are interested in renovating, buying or selling your homes, please contact Eric Tiftikci.
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416-727-9211

  

416-686-1500

  

Getting to Know the ET Group

Welcome to my real estate website, where you can easily and readily navigate through all of your Real Estate needs. 

 

As one of the Top Producers in Canada, my team and I have complied a resource centre that will assist in all of your purchasing and selling needs. ET Group has been specializing in Real estate in the Greater Toronto Area for over 16 years. Our team has brought a vast and varied experience to our clients with our deep understanding of the real estate market. Our dedication to our clients, along with our sincerity and real estate career have enabled us to become a Realtor in the Top 2% of Agents In Canada, Top Producer in Century 21 Canada, Hall of Fame and placed 46th in Canada for leading in performance.

 

Our group at ET have an extensive background in new home building and construction; our close attention to detail has facilitated many exciting Custom Home Projects indiviudally in scale and collabartivley with other builders. Our new construction skills are an asset which allow us hands-on experience during a pre-inspection for the purchase of your home or a pre-inspection for the sale and listing of your home. This extra assest ensures and guarantees the best possible price for your property. Our diversified marketing strategies will allow us to acheive the best possible price and outcome in a short period of time. Your property will be promoted via the internet, print media, centre of influence, and social networking on a daily basis.

 

ET Group's areas of expertise, range and are not limited to all Residential Markets, Pre-Construction Condominiums and Homes, Rural, Commercial, Industrial and Invest Markets. ET Group's keen attitude, dedication to our clients needs and outstanding client care service have built up genuine long-term friendships and rapport with our clients and customers. We are determined to provide our clients with the utmost devotion and unparalleled service, to ensure we not only meet but also exceed our clients expectations. 

 

AWARDS

2019 CENTURION Producer

2018 CENTURION Producer

2017 #46 Producer by Prouduction in Canada

2017 DOUBLE CENTURION Producer

2016 CENTURION Producer & Masters Hall of Fame

2015 CENTURION Producer

2014 CENTURION Producer

2013 CENTURION Producer

2012 Masters Diamond

2011 CENTURION Producer

2010 Masters Ruby

2009 Masters Silver

2008 Masters Emerald

2007 CENTURION Producer

2006 CENTURION Producer

2005 Masters Diamond

 

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Specialty:
Eric is Specialized in  Houses, Condos,  Lofts, Townhouses, Vacant Land, Construction, Pre-Construction, Assignments, New Developments and Commercial properties


Experience: 15

Area Covered:

Toronto  Markham  North York  Richmond Hill  Vaughan  Scarborough 



Languages Spoken: English, Kurdish, Turkish