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10 Step Guide to the Selling Process: How to Sell Your House

Tuesday Aug 20th, 2024

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Are you thinking about selling your house? We get it, the idea of going it alone can be as tempting as binge-watching your favorite series in one go. But just like reaching the final episode and realizing you missed half the plot, skipping out on a professional might not end well. Dive into our guide below to see why teaming up with a real estate expert isn’t just a good move—it’s your best move.

From getting the best exposure and price for your home to handling the nitty-gritty of offer presentations and closings, we've got you covered. So, before you decide to 'DIY' this major life decision, check out our step-by-step process that proves why partnering with a pro is the way to go. Trust us, your future self will thank you!

10 STEPS ON HOW TO SELL YOUR HOUSE

HIRE A REAL ESTATE EXPERT

Sales representatives market your home, hire one that will get you the best exposure and therefore favourable terms and the top price. When choosing an agent remember you need to trust them and will have to get along with them. Don’t hire an agent because of the price!

PREPARE YOUR HOME

You should also ensure the home is extra clean; buyers see this as a sign of good maintenance. Fix the small things! Get everything done before going on the market and ensure the house is ready to be shown on day one. Have a consultation with a professional home stager. They will provide you another perspective and are trained to best present a home for buyers. Click here for your home selling checklist!

PHOTOS AND MARKETING

Once it hits the market the listing will be blasted to numerous buyers looking for your type of property, ensure that it goes out complete which will generate immediate interest with the current buyer pool. These are likely the people willing to pay the most for your property.

SHOW YOUR HOME!

Showing appointments are normally booked for between 30 to 60 mins. Licensed Realtors will book online through the Broker booking portal and you receive a text or email with the requested time. Once confirmed by you, Realtors recieve the showing instructions. Not all booking software is the same so ensure your Realtor of choice uses the latest, up to data software.

FEEDBACK

You and your REALTOR® need to know what potential buyers think about your home. Feedback such as “too small” can mean you are overpriced because buyers are looking for more space for the price. Feedback will also allow your agent to track interest and should an offer come through, they would be able contact all interested parties.

THE OFFER PRESENTATION

When an offer comes in it may be presented by the Buyer’s REALTOR® or it may be emailed to your REALTOR® and they will present it to you. The decision on how it’s presented is up to the seller. Generally the deal gets negotiated within a few hours, however it could go for a number of days. Most offers/agreements will have conditions that could take up to 5 business days or longer to clear.

HIRE A LAWYER

There are a number of local real estate lawyers your Broker should be able to recommend, should you not already have someone in mind. Here are a few options to look at as well; JustiaO’Connor MacLeod Hanna LLP, and James Deep Law.

BUYER REVISITS PROPERTY

You should get 24 hours notice prior to the revisit and it should be at a mutually agreed upon time. The Buyer’s lender may also request an appraisal of the property which will require a visit as well.

TIME TO MOVE!

Moving can be a stressful time if you’re not prepared. Make sure you are proactive with planning your move. Hire a mover early or as soon as you know your dates.

CLOSING DAY

You will meet with your lawyer a couple days before closing to sign the necessary paperwork. On the closing day your lawyer will call to let you know the funds have been received and the deal is closed. This can happen anytime on the day of closing however normally happens in the late afternoon. Be prepared to be moved out by noon on the day of closing.

Now that you're familiar with the selling process and how to approach selling your home, discover how to sell your home for top-dollar! Click here to learn more.

Still feeling a bit overwhelmed? Don’t worry, we’ve got you! Grab our Complete Home Sellers Guide! It’s like having a friend who knows all the ins and outs of home selling—handy, right? Dive in, and let’s get your home sold without the stress.

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