Seller’s Guide
Evaluating properties for sales
If you're contemplating the sale of your home, you might be pondering where to start. We've outlined the comprehensive sequence of actions you need to follow, starting from selecting the appropriate realtor to finalizing the transaction. Let this seller guide serve as your primary reference as you embark on the journey of selling real estate. In the sections below, you'll discover in-depth guidance for every stage of the process. Always remember that TIL Homes is here for you when you're ready to sell your home and would guide you through every stage of the process.
Step-by-step guide to selling your property
Selling your property can be a rewarding experience when you have the right strategy. This comprehensive guide will walk you through each phase of the selling process, from preparing your home for sale and setting the right price to marketing effectively and closing the deal. Let’s make your selling journey smooth and successful!
When selling your home, your goal is to maximize its value, whether you're a first-time seller or an experienced one. Timing plays a crucial role in this endeavor. It's advisable to avoid selling during a 'buyer's market,' characterized by an excess of available homes and insufficient buyers. It's worth noting that more home sales typically occur in the spring rather than the winter.
Additionally, enhancing your home's appeal can increase its value. Consider renovations, remodeling, or simply refreshing its appearance. The kitchen and master bathroom are particularly enticing to potential buyers, making them prime areas for improvement. Even minor adjustments in these spaces can significantly boost your home's appeal.
I recommend conducting a home inspection to establish your home's value. Most buyers request one anyway, so it's advantageous to complete it in advance and make a positive impression. This step also provides an opportunity to identify and address any necessary repairs, ensuring you're well-prepared to list your property for sale.
There are thousands of real estate agents, so how do you choose one that's right for you?You have to pick carefully as you need someone to look out for your best interests. Here's what to look for in a REALTOR®:
Read reviews from past clients and see what they have to say. Good REALTORS® will have many, and you can often talk directly to their clients.
Meet them in person at your home. Ask questions about what they can do for you. Do they offer free staging? Expert staging is essential to get potential buyers interested in your home.Ask your potential agent for their performance statistics.
For example, you should know what their average sales cycle is versus the competition, or what is their sold price versus listing price ratio?Find out if they offer any “extra” services and what sets them apart from the competition? You don't want to be just a transaction to them.
Now that you've secured the ideal real estate agent, proceed with having them list your home. They will compile a comprehensive market data report to determine the value of your property, drawing from real estate prices within your locality.
Subsequently, your agent will embark on a marketing campaign for your home, leveraging various media channels and listing platforms to generate robust buyer interest. This will be complemented by open house appointments designed to showcase your home's potential to a diverse array of prospective buyers
Not all offers are equal, and that's where your real estate agent comes in. They help you get to know the terms and conditions about the offer, as well as financing conditions and inclusions and exclusions.
Look carefully at the offer, as well as other details included in the sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified. When there is something you don't agree with, counter offers or negotiations help you to get what you want.
There are closing costs -- such as mortgage application fees, inspections, and legal fees --associated with the sale that need to be paid either by or on the closing date. But, once that's taken care of, you can pass your old keys to the new owners. Congratulations. You've officially sold your house!
Contact TIL HOMES today to talk with our team about selling your home. Our company proudly serve home buyers and sellers in Oakville, Burlington, Mississauga, Milton, and Hamilton, Ontario.