Selling your home
Here’s a step-by-step guide to help you sell your home.
- Decide when to sell
In real estate, timing can influence your home’s selling price. Factors like how quickly you need to sell, whether it’s a buyers or sellers market and seasonality all play a role in your home’s final selling price.
- Find a REALTOR® who is right for you
Agnes & Stephen can help you buy and sell your home. You’ll be saving time right from the start.
- Sign a Listing Agreement
This authorizes your REALTOR® and their brokerage to market and sell your home. It will define the legal relationship between you and the real estate brokerage and also set a time limit for your REALTOR® to sell your home.
- Determine your home’s asking price
The right asking price will attract buyers and pay you a maximum return. Setting too low a price means you could miss out on thousands of dollars. Setting too high a price will scare away buyers. Our goal is to find fair market value for your home. With over 20 year’s experience, we will provide detail market analysis and professional advice for you!
- Add some specialists to your team
Similar to when you bought your home, it’s essential to have a notary public or a lawyer handle all the various documents that change hands and make sure your best interests are being protected at all times.
- Prepare your home for sale
First impressions matter. Now is the time to see your home through a buyer’s eyes: get rid of the clutter, clean and repair as much as you can, within reason. Remember, weigh the cost of all your improvements versus the potential financial return. We will provide home staging advice before showing your home, getting your property everything in order and help you to show it at its very best.
- Let your REALTOR® do what they do best
Agnes & Stephen will market your home to potential buyers. This happens with a “For Sale” sign, open houses, newspaper ads, a listing on the MLS®, the internet, and, of course, through our extensive network with other REALTORS® and our large customer base from local to international.
- Prepare your finances
Will the buyer “assume” your mortgage or are you “discharging” it? If you’re buying a new home, is your mortgage “portable”? What taxes are involved? These are important questions to ask your REALTOR®, your mortgage lender and your notary public or lawyer.
- Receive an offer
We will walk you through the process, step by step. Every offer will be presented to the seller. You will see every offer since it’s required that we show you every offer that’s submitted. You will have three options: you can accept, you can reject or you can “sign back” or “counter”. Don’t worry, as your realtors, we will explain what these terms mean and will be your good negotiator.
- Close the deal
You were successful and have drafted a legally binding agreement. Are you done? Not quite yet. Contact your lawyer or notary public, contact your lending institution and consult us. Immediately start satisfying any conditions of the agreement that require action on your part. On closing day, your lawyer or notary public will finalize all the details and give you a cheque for the net proceeds.
Information from Real Estate Board of Greater Vancouver