9SIMPLE STEPS TO SELLING YOUR HOME

 

WHEN IS THE RIGHT TIME?

CHOOSE A REALTOR

SIGN A LISTING AGREEMENT

PRICING YOUR HOME

CHOOSE A LAWYER

PREPARE YOUR HOME

LET US MARKET YOUR HOME!

RECEIVE AN OFFER

START PACKING!

 

 

1.  WHEN IS THE RIGHT TIME? 

  • When should you sell?  This is a Great question!
    • Buyer’s vs. seller’s market:

When there are lots of people looking for homes but not many for sale, it’s called a ‘seller’s market’. When there are lots of homes for sale and not many people buying them, it’s called a ‘buyer’s market’.

 

  • Waiting for the market to improve?

If you’re selling one home and buying another, you don’t really have to worry about playing the market. If you sell your existing home for a ‘low’ price, you’re probably also buying at a low price.  If you are upgrading to a larger home, this actually works to your advantage. If you’re downsizing from a bigger home to a smaller home or a condo, you need to pay a bit more attention to the market.

 

  • Seasonality. Do home sales get frostbite?

It’s true. Winter sales tend to be slower, and spring sales are more brisk.  There are always people in the market to buy though, and if you sell in the cooler months, you may not have as much competition of other homes for sale. 

 

  • If you need to sell fast

In a seller’s market, top price and a fast sale can go hand-in-hand. In a buyer’s market, more sellers are competing for your potential buyer. If you have to sell right now, consider lowering your asking price a bit to speed up the sale. An Accurate price is essential!  A REALTOR® can help you figure out the right price-to-speed ratio.

 

 

  • Buy or Sell First?

                        Another very good question!  Often we are able to time your sale and purchase so that they happen on the same “closing date”.  As a buyer, you can make an offer on a home “subject to the sale of your existing home”.  This can work, although may not be as attractive to the seller.  In other situations, you may want to check with your bank about obtaining “Bridge Financing”.  This means your bank will lend you the amount that would be required to carry two homes in the time between buying your new home and selling your previous home, as well as the downpayment required for your new home.  

2.   CHOOSE A REALTOR

 

Choosing a realtor is a personal decision that you get to make!  In CHOOSING A REALTOR we give you some helpful questions to ask a Realtor that you may be interested in working with ...

 

3.   SIGN A LISTING AGREEMENT

 

Highlights of the Listing Agreement

Price

You have the final say over this magic number, but your REALTOR® will have very useful advice on what price will attract buyers.

 

Real estate commission

This is usually a percentage of the final sale price that you only pay once your REALTOR® has found you an acceptable offer. There will be a portion of the commission that goes to your listing Realtor and a portion that goes to the Realtor that brings a buyer.  Remember:  we don’t get paid unless we do our job!!

 

Legal information

This includes the lot number, land surveys and the zoning code.

 

How the home will be shown

Your REALTOR® can make the arrangements for viewing appointments. Any specific instructions, such as “make sure the cat stays in” can also be noted.

 

What exactly is included in the price?

This is a list of items like washers and dryers, microwaves and window blinds. They’re not automatically included in the sale, but sellers will often include them to sweeten the deal.

 

Fixtures are permanent improvements to a property like central air conditioning, installed lighting and wall-to-wall carpeting. Fixtures are assumed to be included in the sale of the home unless you note otherwise. If there is something you wish to exclude, this can be noted as well. 

 

Property Disclosure Statement

Many real estate Boards now request a Seller Property Information Statement that lists any recent renovations, improvements, major defects and faults with the home.

4.  DETERMINE PRICE

 

We will conduct a Comparative Market Analysis on your home .... Comparing the prices of Homes that are currently for sale, and homes that have sold.  There are several other methods for choosing a competitive price that Shawn will go through with you.  We do this in a 2-step process.  An initial visit to view your home, then a second visit to go through the results of Shawn’s findings with you.  Good pricing is essential for a timely sale of your home, and we can help you determine what is a reasonable fair price for your home that will allow it to sell, and get you the most money possible for your home. 

 

5.   CHOOSE A LAWYER

6.   PREPARE YOUR HOME

            STAGING YOUR HOME provides helpful tips to help you get your home in Tip Top Shape, ready to show and sell!

7.   LET US MARKET YOUR HOME!

OUR MARKETING gives you an in depth look at how we can actively promote your home to a large number of potential buyers in a short amount of time. 

 

8.   RECEIVE AN OFFER

  • As your Realtor, Shawn will bring you any and all offers that will be made on your home.  He will walk you through the specifics of the offer, and you can enter the negotiating process until both you and the buyer agree on price and terms. 

9.   START PACKING!

  • Once you have a firm deal on your home, you can begin packing and arranging for movers.  Remember that the new owners will take possession on the agreed upon time on Possession Day.  You will need to have the home clean,  all your belongings removed, and be ready to hand over the keys to your home.  Your lawyer will also need to see you a few days before closing in order to sign the necessary paperwork. 

 

CONGRATULATIONS! 

YOUR HOME HAS SOLD!

SHAWNWORSFOLD

REECEWORSFOLD


shawn@swproperties.ca

250.870.7771

 

Hon B. Sc, Realtor ®

Unlicensed Assistant


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