Sellers

There are several critical considerations to keep in mind during the process of selling your home. To guide you through this journey, here's a comprehensive overview of what to expect and how to prepare.

1. Finances: If you currently have a mortgage, the first step is to engage in a conversation with your lender or mortgage broker. The process may involve various options for paying out or transferring your mortgage, depending on its type.

2. Representation: Initiate your search for a reputable REALTOR® by seeking recommendations from friends and family or conducting online research to identify the most reputable and professional agents. It is crucial to partner with a REALTOR® with whom you feel entirely comfortable. Take the time to explore different options. A good REALTOR® can assist you in pricing your home competitively, answer questions about timing your sale, and possess an in-depth understanding of the real estate market.

3. Listing Your Home: Get your home ready for listing by catching up on various maintenance projects, decluttering, cleaning, and staging furniture. Avoid the extremes of pricing your home too low or too high. Opt for a fair price that will attract a broader pool of potential buyers and provide your home with greater exposure. Your REALTOR® should be capable of explaining the numerous factors influencing pricing, including competitive pricing, current market statistics, and, naturally, the estimated value of your home.

4. Marketing and Promotion: The next step is signing a Listing Agreement and granting your REALTOR® the authority to list your property on the MLS (Multiple Listing Service). Subsequently, they will commence marketing your home through a range of media, both digital and traditional, and will notify other REALTORS® representing potential buyers about your property being on the market. Your REALTOR® can also provide guidance on preparing your home for staging.

5. Closing: After the diligent marketing and promotion of your home, you can anticipate receiving offers from interested buyers. Once you accept an offer, the buyer may want to conduct a home inspection and potentially negotiate the cost of any necessary repairs, if any. Lastly, your lawyer and REALTOR® will guide you through the necessary paperwork and legal procedures to conclude the sale.

Congratulations! With the successful sale of your home, you can now embark on the exciting journey of finding a new place to call your own.