It is recommended that you interview at least 3 real estate agents to ensure you are getting the best agent to sell your home. It is not always best to go with an agent who offers you the lowest commission as this may lead to less money and more stress in the long run.
Once you have selected the real estate agent you want to work with, you will sign a seller’s agreement. Your agent will walk you through this document.
Your real estate agent will work with you and provide you with tips on how best to get your home ready to put on the market. This may also include having staging done and professional photography.
Once your home is ready your real estate agent will put it on MLS (Multiple Listing Service). This will show prospective buyers and buyer’s agents that your home is on the market. Your real estate agent will also spend time and money marketing your home.
Now that your home is officially on the market, potential home buyers will want to come view your home. This will be done through scheduled showings and open houses. It is important that you communicate to your real estate when the best times for these are as you will need to be out of the home. As well, you will need to keep your home clean and organized at all times to accommodate showings.
Depending on the market you may receive multiple offers or only one at a time. Your real estate agent will walk you through the details of each offer to ensure you are satisfied with the offer you select.
Congratulations, you have accepted an offer and have successfully sold your house. Your real estate agent will now walk you through the paperwork and send it to your Mortgage Broker and lawyer.
Give yourself plenty of time to pack and remove your furniture and personal belongings. As well, ensure you do not remove anything from the home that was included in the buyers offer. If you are unsure of if item should stay, ask your real estate agent.
On the day of closing you with meet with your lawyer to sign the final paperwork. Here you will also give your house keys to your lawyer to provide to the buyers. Ensure all your belongings are out of the home as the home will now belong to the buyers.
Can you show me comparable homes that have sold in my neighborhood?
|Home Selling Price||$450,000||$600,000|
|Commission (Listing Agent) 2.5%||$11,250||$15,000|
|Commission (Buyer’s Agent) 2.5%||$11,250||$15,000|
|Legal Fees & Disbursements||$1,000||$1,000|
|Government Registration Fee||$75||$75|
|Law Society Transaction Levy||$65||$65|