Sell4Maxrealty : 10-Step Guide to Selling Your Home in Mississauga, Brampton Toronto Bridge Financing

10-STEP GUIDE TO SELLING YOUR HOME 

Step 1: Decide When to Sell 
Step 2: Find a REALTOR ® Who is Right for You 
Step 3: Sign a Listing Agreement 
Step 4: Determine Your Home’s Asking Price 
Step 5: Add a Lawyer to Your Team 
Step 6: Prepare Your Home for Sale 
Step 7: Let Your REALTOR® Market Your Home 
Step 8: Prepare Your Finances 
Step 9: Receive an Offer 
Step 10: Close the Deal 

Decide When to Sell. In real estate, timing is not everything but it does influence your home’s selling price. Let’s see if we can make timing work for you. Status report. Is it a buyer’s or a seller’s market? When there are lots of people looking for homes but not many for sale, this is called a ‘seller’s market’, because the seller has something everybody wants. When there are more homes for sale and not many people buying them, this is called a “buyer’s market” because buyers have more power of choice.

A REALTOR® is the best person to consult about this. How quickly do you need to sell your home? In a seller’s market, top price and a fast sale can go hand-in-hand. In a buyer’s market, more sellers are competing for your potential buyer. If you have to sell right now, you may wish to lower your asking price a bit to speed up the sale. REALTORS® are masters at figuring the price-to-listing ratio and know how to attract offers without going unnecessarily low. Seasonality.

Do home sales get frostbite? It’s true. Winter sales tend to be slower, and Spring sales are more brisk. Regardless, there are always people looking to buy, and seasonality is only one of many factors to consider. If you’re also buying a home. In this case, you don’t really have to worry about playing the market. If you sell your existing home for a ‘low’ price, you’re probably also buying at a low price.

If you are upgrading to a larger home, this actually works to your advantage. Imagine when your bigger home is on the upswing. If you’re downsizing from a bigger home to a smaller home or a condo, you need to pay a bit more attention to the market. Buy first or sell first?

The eternal question. Many people are able to time their sale and purchase so they happen on the same “closing date.” Buyers can make their offer “conditional” on the sale of their existing home, to make sure they’re not left paying for the upkeep of two homes. When selling, you can try to extend the “closing period” to give yourself more time to find your next home.

REALTORS® are very skilled at this sort of negotiation, and can make your transitional life a lot easier. If you find your new dream home before you’ve even started to sell your old one. Talk to your existing mortgage lender. You may be able to arrange “Bridge Financing.” This is when your lender (the bank) is confident your existing home will sell quickly, and they agree to lend you the down payment for your new dream home.

Step 2: Find a REALTOR ® Who is Right for You. There are many reasons why a REALTOR® is essential when selling your home but which REALTOR® is best for you? Your REALTOR® who helped you buy your current house is a good start. Sticking with a REALTOR® just makes sense.

If they did a good job helping you buy your home, they’re probably the best candidate for helping you sell it. They already know the home inside and out, and they know you, so you’ll save time two ways. Think locally. Jot down the names and numbers of REALTORS® on the “For Sale” signs in your neighbourhood.

Maybe your local friends or nearby family have a REALTOR® to recommend. You can also visit one of your local real estate offices; it’s guaranteed they’ll know your area. Interviewing candidates. Don’t be afraid to ask questions, or screen a few REALTORS® before deciding. Make sure you feel comfortable with them and that they show a genuine interest in helping you. For a list of questions you can ask view the page “

10 Questions to Ask when Hiring a REALTOR®” Should you choose the REALTOR® who suggests the highest asking price for your home? Ask what method they used to assess your home’s market value. How was your home compared to other homes in your neighbourhood that have been sold recently? Step 4 will give you a better understanding of listing price and how it affects the sale of your home.