Step by Step Guide to Selling
When selling your home, choosing the right Realtor is essential.
Interview agents to confirm they’ll prioritize your best interests and represent you effectively.
Ask your agent to perform a Comparative Market Analysis (CMA) to accurately assess your home’s value based on recent local sales.
Collect essential documents for the sale, including an updated survey (Real Property Report), repair receipts, home warranty information, permits, spare keys, and appliance manuals.
Your Realtor can help you gather any missing items.
Consider completing major repairs before listing or offering buyers a credit for them.
Keep your home clean, well-maintained, and clutter-free by removing personal items and excess furniture to boost its appeal.
When signing the listing documents, remember you’re entering a legal contract.
Your Realtor should explain each clause and its implications.
Clarify the contract’s start and end dates, as well as your rights and responsibilities as a seller.
Collaborate with your Realtor to showcase the features that first attracted you to the home.
Share any suggestions or additional details with your agent to enhance the listing.
Effective marketing should clearly convey the property’s value to potential buyers.
During showings, it’s best to leave the property to make buyers more comfortable.
Aim to be absent if possible, and stay flexible with scheduling.
Let your Realtor know if there are specific times that don’t work for you.
After a few weeks on the market, review feedback to evaluate your marketing strategy’s effectiveness.
You may need to adjust marketing channels, highlight different features, modify the price, or offer incentives.
Your Realtor should work proactively to keep your listing fresh and attractive.
When an offer is made, your Realtor will arrange a time to present it.
Negotiations may follow, requiring you to sign and initial multiple documents to finalize the agreement.
The goal is to reach a mutually beneficial outcome.
Offers often include conditions, like a home inspection or financing approval.
During this period, typically 7-10 days, your home is “conditionally sold.”
Allow buyers a reasonable timeframe to meet these conditions to minimize the need for extensions.
Once conditions are removed and the deal is “firm,” start preparing for possession.
Meet with your lawyer, complete any agreed tasks like painting or cleaning, and ensure everything is ready for the possession date.
Possession usually takes place at noon unless agreed otherwise.
It’s wise to move your furniture out the day before, as buyers often request a pre-possession walkthrough.
Keys are released at noon once funds are transferred to your lawyer.
Your payment will typically be ready a few days after possession, and any funds needed for a new home purchase will be managed by the lawyers.