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Selling your home can be a complex and emotional process. You want to sell your home as quickly and as profitable as possible. The following is an over view of the steps involved in selling your home.
WHAT TO EXPECT As a REALTOR, it will not be taken for granted that you know the in's and out's of the selling process. You will be provided with a full explanation of what to expect so you are not faced with any surprises along the way.
GETTING TO KNOW YOU One of the things you will be asked is "why are you selling your home?" Also discussed will be any time constraints you may have, your financial situation and any future plans. It's part of the getting to know so that the sale will be handled to your complete satisfaction.
SETTING THE PRICE Arriving at an accurate estimate of value for your home is one of a Realtor's prime tasks. It involves analyzing your home and comparing it to similar houses for sale or recently sold in the neighbourhood, it may also include a broader market survey, using sales statistics available to only qualified Realtors. In the end, you will be sure the price you set reflects the true value of your home under current market conditions.
WRITTEN AGREEMENTS When you decide to sell your home, you will sign a "Listing Agreement" which stipulates the responsibilities of each party in the buying and selling process. This agreement outlines details of the property such as the listing price and a description. It also specifies your Realtor, the Brokerage company, and the rate of commission. The listing is also an Agency Agreement which outlines your Realtor's intent to act on your behalf for a specified period of time.
THE MARKETING PLAN Depending on your circumstances, and on the prevailing market, a plan of action will be developed to help sell your home quickly and effectively. A Realtor has many tools available to help market your home such as the Multiple Listing Service(MLS), the internet, Open Houses, as well as other marketing options that will be identified for your consideration.
PRE-QUALIFYING POTENTIAL BUYERS A Realtor knows how to separate the "lookers" from the "buyers" identifying those who are likely to be interested in your home and qualified to buy it. This will save you time and wear and tear on your home because it helps ensure that only serious buyers visit your home.
NEGOTIATING OFFERS As Realtors, we have the knowledge and experience to negotiate an agreement on your behalf according to your instructions. When you receive an offer from buyers who want to purchase your property, Your Realtor will assist you. You have the options to reject the offer, accept it in full, or negotiate aspects of the offer.
CLOSING Once you accept an offer, legal matters must be finalized, acting on your behalf, your lawyer will allocate funds and clear mortgage obligations. He or she will arrange for transfer of the property title and ensure that you receive compensation for prepaid expenses such as property taxes, electrical, or gas bills.
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