If you’re thinking about selling your home, you probably have a lot of questions. When’s the best time to put your house on the market? Are we in a buyer’s market or a seller’s market? What could my home sell for? Why do some homes sell quickly when others don’t?
Why would you sell your home in today’s market?A new job, a new baby, a new spouse, a student heading off to college – there are many reasons why people are selling in today’s market.
The timing for you could be just right.
So what’s your reason? Do you want to upgrade your home or reduce your space?
What’s your home really worth?The Internet can do a lot of things – including give you an estimate of your home’s value. Plug in your address and you can have an estimate.
But do you believe an online estimator actually gives you a true read on what your home is really worth?
Not likely. The fact is the online estimator can’t see your upgrades or that incredible view, much less include them in the calculations.
The biggest mistake a seller makesThe number one mistake sellers make when they list their home for sale is overpricing it.
While certainly you can always lower the asking price if it doesn’t sell, but you’ll actually miss out on buyers, lose opportunities to draw foot traffic, and risk sitting on the market for too long.
The easiest fix: Price your home right from the beginning so it will sell quickly and so that you can get top dollar for your investment.
Make your first impression your best impressionOne of the biggest mistakes home sellers make is failing to make sure their property makes a great first impression.
Three ways to spruce up for a sale:
- Invest in fresh paint. It can turn your place from “that house with the pink bathroom” to a closed sale.
- Clear the clutter. Let’s make sure your listing photos make your home look beautiful.
- Fix it up. Little things count: replace broken screens, repair gutters, install new toilet seats.
Contact me today to come out to your property, discuss each of your questions/concerns and provide you with a free, no obligation evaluation based on recent sold comparables in your neighbourhood. We will also review all of your options and discuss what needs to be done to put your home in the best position possible to be sold for the most money, in the least amount of time.
SELLER’S DOCUMENTSWhen selling real estate you will quickly find out that there is an awful lot of paperwork involved. Many of these forms could be brand new to you or you maybe haven’t seen them for years. I have included blank copies of the most commonly used forms when selling a property. Please feel free to open them up and review before the time comes for us to sit down and go over them in detail.
FINTRAC: This form is for the Buyer to provide personal identification to fulfill legal requirements, for a transaction to take place.
Working With A Realtor: This form outlines the services provided by the Realtor to the Buyer, and includes some different scenarios commonly encountered with respect to agency relationships.
Listing Agreement: This form is a contract between the seller and the real estate brokerage, allowing the Realtor to act on the seller’s behalf when listing their property on the open market.
Seller Property Information Statement: This form is a warranty provided by the sellers. It outlines to the best of their knowledge, the condition of the home’s major components.
Property Data Input Form: This form describes in detail the interior and exterior features of the property to be listed for sale, including financial data such as the annual taxes.
Confirmation of Co-operation and Representation: This form outlines the arrangement between the two real estate companies and the extent of their cooperation with one another for the purpose of ensuring the clients are treated fairly and ethically during the transaction.
Agreement of Purchase and Sale-Freehold: A comprehensive document setting out the parties involved, describing the particulars of the real estate transaction, and stipulating the terms and conditions of the sale.
Agreement of Purchase and Sale-Condo: A comprehensive document setting out the parties involved, describing the particulars of the real estate transaction, and stipulating the terms and conditions of the sale.
Notice of Fulfillment of Condition: If the offer is conditional this form notifies the parties to a transaction that conditions have been satisfied, so a deal can proceed towards closing.
Please remember that these forms, which are designed by the Ontario Real Estate Association, do change slightly over time – new versions are usually released at least annually in compliance with new legislation. If you have any questions about what the forms mean in plain English, please contact me!