Selling your home can be an overwhelming and daunting task. From choosing the right agent to closing date, we’ve outlined steps you can take to overcome challenges and tackle it with ease.
Deciding to sell your home
Before starting with the selling process, it’s important to decide on timing and where you’ll be moving once your home is sold. Don’t forget about the financials associated with the purchase of a new home, if you’ll be purchasing another property.
Meet with real estate professionals
Once a decision has been made to move forward with the sale, it’s time to meet with real estate professionals. Initial meetings are educational and an opportunity to learn about the agents in your market and determine what agent may be the best fit. This should be a no-commitment discovery phase.
Establish a price
Once the right fit has been determined, decisions around listing price and next steps are established. The right REALTOR® will help you navigate the process and list your house at a successful rate based on an evaluation of market trends and other economical factors.
Prepare your home
When preparing the property for sale, it’s important to analyze it through a potential buyer’s perspective. Visit our blog post, Preparing to sell your home, for more helpful information on getting your home ready to sell.
List your home
Once the property has been prepared and marketing assets are all in order, your REALTOR® will take the listing to market and showcase the property to as many potential buyers as possible. It’s important to be flexible and open minded to allow for showings on short notice and take constructive feedback from the listing agent as well as the buyer agents and potential buyers.
Offers and negotiation
During the offer and negotiation stage, buyers and their agents will work with the listing agent and seller in attempts to finalize an offer and work towards settling any conditions and closing dates. It’s important to consider all aspects of an offer rather than solely focusing on price. For example, you may only get one offer or you may get multiple offers. In the event of just one offer, it’s important to negotiate through the offer in attempts to close it. However, with competing offers, there are options to consider such as closing dates, conditions, deposit, buyer profile and price. A knowledgeable REALTOR® will help navigate this process with skill and expertise to attain a satisfactory outcome.
Once an offer has been accepted, it’s important to work with the buyers to help fulfil any conditions such as inspections, appraisals and financing. Once all conditions are met and the offer is finalized, the transaction moves to a state whereby both parties engage their legal team and move towards the closing date and planning for the big day. Again, a courteous REALTOR® will be there to help navigate through this process with access to resources and contacts to help with smooth closing and moving days.
While the buyers are working on getting their finances and move in date in order, it’s time for the sellers to prepare for their move as well as the finances and logistics associated with it.
The closing date is the date the transfer or funds and ownership of property are made. You want to ensure you have left your home by the date arranged as part of the terms and conditions of the agreement.
Congratulations! You’ve made it through the home seller’s journey. If you have questions about the home seller's journey or you are ready to sell your home, contact us today for a no-obligation conversation.