Selling your home is a complex, multi step process that calls for the expertise of a REALTOR®. There are many things you’ll need to consider, and to help you through it, here is a general overview of what to expect and be prepared for.
Talk to your lender
Do you know how long is left in your mortgage term? It’s important to understand the implications of getting out of your mortgage midterm. Talk to your lender about what type of penalty you may be looking at for getting out of your mortgage mid-term. If the sale of your home is not out of necessity, it may be worth waiting until a time when the fee to pay out the mortgage is less consequential. As well, the potential of porting your existing mortgage to your new property is a possibility that you may want to discuss with your lender.
Meet With a REALTOR®
It’s important to partner with a REALTOR® you feel completely comfortable with. Don’t fall for the trap of partnering with the first REALTOR® who suggests the highest asking price. Shop around. A good REALTOR® can help you price your home to sell, answer questions like “When is a good time to sell?” and has in-depth knowledge of the market.
Listing Your Home
Pricing your home too high or too low can have potentially negative impacts on the sale price of your home. We will help you understand the importance of an appropriate listing price and explain to you the multitude of factors influencing pricing, including: competitive pricing, current market stats, and of course the estimated value of your home. With all this, we will work with you to generate a strategy for marketing your property in a way that will greatly increase the odds of you achieving the best outcome.
Readying your home
Now that you’ve made the decision to sell your home, you’ll want to look at it differently. It’s now a house for sale and looking at it through the “buyers eyes” can help you package it to sell with a better outcome. This checklist can help you organize what needs to be done. Dressing your house for success doesn’t need to be expensive or overly time consuming. As part of a thorough evaluation, we would help address what is most important to buyers in our unique market and help you concentrate on the details that really make the difference towards a successful outcome.
Removal Personal Items: Put away your family photos, knick-knacks or other personal items. This will help the prospective buyers to envision their own personal items in your space and help allow them to make a connection with your home.
Clean Surfaces: Clear off all your counter tops, especially in the bathroom and kitchen. Store away anything that may clutter the surface and give it a good scrub to help it sparkle.
New set of eyes: This is your space, and you’ve potentially lived in it for awhile and grown used to it. You may not see what others see. Ask a friend or family member to come in and give some advice on potential overlooked problems and areas of clutter. Don’t take it personally and trust their advice.
TLC: Give your home a good once over and some TLC. Buyers like to see that your home is well cared for. The less work required for any potential buyer will be reflected in the offering prices that you will receive. Re-paint scuffed and scratched walls, oil the squeaky door hinges, clean your windows, window tracks and steam clean the carpets.
Pets: You love your pets and no one will judge you for that. However you may have gotten used to that pet smell that exists to the point that you don’t even recognize that it’s even there. Give your home a good spray with a friendly room fragrance to neutralize unpleasant scents. Hide your pet’s beds and litter boxes out of sight.