Thinking of selling your home? Here are 10 steps to consider!
Are you thinking about selling your house, townhouse, or condo, but not sure where to start? Here are 10 simple steps that will take you from preparing to sell all the way to closing day! 1. Ask yourself WHY SELL? Before you get started, make sure you know why you want to sell your property! Timing, your stage in life, and financial goals play a crucial factor in deciding to sell. Thousands of homes change hands each and every month. We can help you with the best time to list your home, the best pricing strategy, and marketing plan. Not sure if it’s the right time? Give us a call at 604-753-8062 to chat about what other factors you might need to consider. 2. Learn about potential obstacles Knowing beforehand what obstacles you might run into can help you plan ahead and avoid unnecessary issues in the process. This is where we come in! A great agent will have an in-depth understanding of the market and can provide insight on recent sales and on-market listings. Don’t be afraid to ask questions! The more you understand about the process, the more informed your decisions will be. Our team is happy to answer any of your questions and we also offer a market analysis to indicate how much your home will potentially sell for. Our promise is to provide you with expertise and trusted advice for a stress-free selling experience! 3. Set a realistic Asking Price The goal is to attract the maximum number of qualified buyers for your property. As experienced real estate agents, we know what factors to consider that affect the market and we can market your home to the ideal buyers. We provide a Comparative Market Analysis (CMA) of sold properties, on-market listings, and expired listings in your neighbourhood so that we can help you set the best asking price. 4. Prepare Your Finances Let’s talk about mortgages. Is your mortgage portable? Can you discharge or pay off your mortgage without any penalties? Will taxes be applicable on the sale of your home? Contact us and we can refer you to a highly qualified mortgage specialist or banker. 5. Let us work for you! When you’re ready, sign a Listing Agreement with us. This authorizes our team to start working on selling your home! This step also puts everything in writing so that you know what you can expect from us every step of the way. We use Docusign for electronic signing so you’ll be able to securely sign online and promptly receive complete copies of paperwork. 6. Prepare your home for showings We want to impress potential buyers right away, and you’d be surprised at how many little (free or low-cost!) things you can do to attract the best offers. We recommend decluttering, performing a deep clean, and have repairs taken care of ahead of time. We can request quotes and make arrangements on your behalf to improve on the property's first impression. 7. Get the word out — our specialty! Now that your home is ready for viewing, we need a plan to make sure your home is seen by the right buyers. This is our area of expertise where we get the maximum exposure for your home to the ideal buyers. Restricted open houses and live streaming events are great ways to market your home. Curious about how these work during the pandemic? Give us a call! 8. Find a suitable lawyer or notary You’ll need a lawyer or notary to transfer the title of your property (this is called “conveyance”). We’ll provide you with a list of trusted professionals that we’ve worked with. Remember to ask them how they structure their fees and get an all-inclusive quote (including disbursements, photocopying, strata order fees, and taxes). 9. Review offers When we receive any offers, we will walk you through the entire process to advise you how to secure a strong contract and avoid potential pitfalls. There may be terms and conditions that don’t best serve you and we can work out the contract details that are most beneficial to you. This is probably the most important reason for working with our Pinpoint Listings Team in selling your property. Negotiations can be a highly stressful and emotional time. As experienced industry professionals with your best interests in mind, we will negotiate on your behalf and be the emotional buffer between you and the Buyer. Our job is to make every step as smooth and streamlined as possible for you. 10. Close the deal Congratulations! Upon proof of receipt of the buyer deposit, your property is now considered, “SOLD!” Final Checklist
Contact your lawyer, mortgage specialist, and/or accountant to let them know an Agreement has been reached.
Call a moving company and schedule your moving day
Contact utilities, telephone, TV, or internet companies about your transfer or removal of service.
Call an insurance agent to arrange new coverage or transfer your current homeowner’s insurance
Update your address for any subscriptions, bills, driver’s license, and of course, your friends and family!
Selling and closing your home can happen as quickly as two weeks! But typical timeframes range from 1 to 3 months, call us or text us at 604-753-8062 to get started!