What Sellers Need to Know
The Selling Process
Making the decision to sell your current home is stressful for a number of reasons – but not knowing how to actually go about selling your property shouldn’t be one of them. To make things easier I’ve detailed the six steps you need to compete to sell your home in Vancouver. Happy selling!
1. Choose the right time to sell your home
Figuring out if you are ready to sell your home is a personal and financial decision. Before you do anything else, have an accountant run through your finances with you to better understand whether or not you are in a good financial position to buy and sell property.
2. Sign a listing agreement
The next step is to make the contract official. By signing the listing agreement, you will authorize your REALTOR® and their brokerage to market and sell your home.
3. Prepare your home to sell
Most of the time your home won’t need a full-scale renovation to be ready to sell. But smaller things like bad paint jobs, cluttered rooms and stained carpet can really make buyers think twice about choosing your property. Spend some time giving each room in your house a mini face-lift. The trick is to try and create a space that perspective buyers can actually visualize themselves living in.
4. Let your REALTOR® work their magic
Once the space is ready, it’s time to list the home! At this point the REALTOR® will start marketing your home to potential buyers. From creating an online listing to hosting strategic open houses, your REALTOR® will set a plan into motion to sell your home as swiftly and as profitably as possible.
5. Receive an offer
After all the advertisements and open houses, your REALTOR® will come to you with every offer that a potential buyer has made on the home. It is your prerogative to decide whether to accept, decline or negotiate a new offer for your home – but don’t worry, you’re REALTOR® will be there to advice you during every step of this process.
6. Congratulations! You’ve sold your home
Once all the finances have cleared and the paperwork has been signed, all the work (besides moving out) will be done. On closing day, your REALTOR® will present you with a cheque for your total earnings and you’ll have successfully sold your home.