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Newmarket – How to Sell Rental Property

September 1st, 2014 · No Comments · Investment property, Latest News, Newmarket landlords, Rental Property

281 Silverbirch, Newmarket ON – This property sold for $458,500 in July. Yes, it’s in the “patch”. It was sold by a Richmond Hill based real estate agent not a Newmarket real estate agent!

281 Silverbirch, Newmarket ON – This property sold for $458,500 in July. Yes, it’s in the “patch”. It was sold by a Richmond Hill based real estate agent not a Newmarket real estate agent!

Newmarket Landlords – How To Sell Your Rental Property For the Best Price!

There is a great post at the Newmarket Landlords Association. It’s about how Newmarket landlords can sell their rental property or investment property for a the best price!

Avoid Newmarket Real Estate Agents?

Some experienced investors are seeing a huge difference in the prices when rental properties are listed by Newmarket real estate agents versus real estate agents who are based in Richmond Hill or Toronto.

Newmarket Ontario Rental Property

The report from the Newmarket Landlords association website says the town of Newmarket is growing fast.

The town of Newmarket, Ontario is one of the key areas under the Ontario Places To Grow plan to grow fast and become a key place in Ontario.

It stated a Richmond Hill Realtor said Newmarket is the ‘next Richmond Hill’ and the prices should rise accordingly!

Why Is This Important?

It’s because Richmond Hill real estate prices have grown fast over the past five years and average prices are now far more than Newmarket, Ontario.

It means property prices in Newmarket will rise fast over the next couple of years, especially attractive Newmarket investment property. It’s also important you list with Realtors who know the value of your rental property!

Ontario landlords know the important of being a smart invest. This means being careful with everything from running tenant credit checks to selling at the best price.

Don’t List With Newmarket Real Estate Agents?

The article goes on about a clear price difference between rental properties for sale in Newmarket

Those listed by Newmarket real estate agents are often very low compared to those being sold by Richmond Hill and Toronto real estate agents.

In some cases it’s a huge price difference!

List Your Newmarket Rental Property With Richmond Hill or Toronto Real Estate Brokerages

The blog shows a huge difference in pricing between different listing agents.

Those selling with Richmond Hill and Toronto real estate agents are often selling Newmarket rental properties for much higher prices!

Can You Provide Me With Examples?

Yes.

Here are some Newmarket rental properties listed by Richmond Hill real estate brokerages and Toronto real estate brokerages and sold this summer:

1. 148 Longford Drive, Newmarket ON

Did you know that 148 Longford Drive sold for $421,500 in May, 2014?

Yes, that’s right…a rental on Longford Drive.

2. 281 Silverbirch, Newmarket ON

This property sold for $458,500 in July. Yes, it’s in the “patch”.

3. 710 Sunnypoint Drive, Newmarket ON

This property with a basement apartment sold for $460,000 in July!

Why Would Anyone List With A Newmarket, Ontario Realtor?

We think it’s because it’s ‘easy’ and they are aggressive and willing to do what it takes to get a quick sale that could lead to you losing out on thousands of dollars.

Many landlords are also too busy to do the work to find a real estate agent outside of Newmarket who will sell your income property for a heck of a lot more money.

Newmarket Landlords – Be Careful of the Real Estate agent you choose to list with to sell your rental property!

Make sure your rental property is listed at a realistic price and you aren’t “low-balled” for a quick sale and a quick commission.

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