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Selling a Long Owned Toronto Home in a Slower Market
Avoid old market expectations and pricing errors
Book a strategy callSRES®
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ABR®
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Diamond Award 2024
Shen Walji
4.9★
192 Google reviews
25+
years investing
8+
years in real estate
200+
clients served
Short answer
Long owned Toronto homes often have strong equity, but older condition, deferred maintenance, and slower buyer psychology require sharper pricing, preparation and timing strategy.
Who this is for
Seniors, adult children, owners of older homes
The issues
Home dated, sellers anchored to peak, family waiting
The Market Is Not 2021
Explain buyer caution, financing sensitivity, inspection risk, and price discovery.
Condition Matters More Now
Dated kitchens, bathrooms, wiring, water issues, clutter, and buyer cost fears.
Preparation Without Over-Renovating
Clean, repair, stage, disclose, price strategically; avoid unnecessary large renovation.
Offer Strategy
Pricing, showing access, buyer objections, negotiation, conditions.
FAQ
Should we renovate an older parent’s home before selling?
Only if the work clearly improves net proceeds. Many older homes need targeted preparation, not major renovation.
Will buyers pay for potential?
Some will, but today’s buyers also price in risk and renovation cost.
Should we list high and negotiate?
In a slower market, overpricing can cause the listing to sit and signal weakness.
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Request a Senior Home Pricing Review
Shen Walji is a Toronto SRES® specialist with 10+ years in real estate and 25+ years as a property investor. He works with seniors and their families to make the downsizing process clear, calm, and well-executed.
This page is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a qualified lawyer and accountant before making decisions related to the sale of a property.
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