Selling Your Home Can Be One of the Most Stressful Things You'll Ever Do...
Unless Of Course You Have The Right Kind Of Help...
The following "Guide to Selling Your Home" has been prepared by Royal LePage Gale Real Estate Professionals to assist you in answering your questions about the selling process. It outlines the steps that will help you to obtain the best results when you list your property for sale.
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The market conditions play a very big factor in the pricing of Real Estate. Knowing the difference between each market condition and the characteristics that belong an the implications that affect them will make the buying process easier to understand.
What we as Agents call a BUYERS market is when the supply of homes on the market exceeds demand. The characteristics of this Market are highinventory of homes, few buyers compared to availability of homes and homes are on the market longer. Then prices tend to drop. The implications of this market are that you as a purchaser have ore time to look for a home and more negotiating leverage.
What we as Agents call a SELLER'S Market is when the number of BUYER'S wanting homes exceeds the supply of homes on the market at that time. How does this affect you? A smaller inventory of homes means BUYERS buy faster and HOMES sell faster. As well, the prices will generally increase due to the lack of supply. The implications to you are that you may pay more for your home and you may need to make those decisions more rapidly. Conditional offers may be rejected.
As Agents and home owners we all would like to have the third type of market. A BALANCED market where the number of homes on the market equals the number of BUYERS. How are we affected? SELLER'S generally accept reasonable offers, homes sell within an acceptable time period and generally prices are stable. What implications are there in this market? There is a more relaxed atmosphere and a reasonable inventory of homes.
Determining the right selling price for your house is the first step...
· The single most important decision you will make with your Royal LePage Gale Real Estate Professional is determining the right asking price for your property.
· Once you've achieved a realistic sale price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for the best possible price in the least amount of time.
What are the benefits to choosing the right price?
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Your property sells faster, because it is exposed to more qualified buyers.
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Your home Doesn't lose its "marketability'
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The closer to market values, the higher the offers.
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A well-priced property can generate competing offers.
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Real Estate Professionals will be enthusiastic about presenting your property to buyers.
What happens when someone makes an offer on my house?
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Your Offer To Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer.
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The counter-offer may be in reference to the price, the closing date, or any number of variables.
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The offers can go back and forth until both parties have agreed or one of you ends the negotiations.
Do I need to hire a lawyer that specializes in real estate?
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A legal professional is there to represent your interests and to process the legal documentation required.Your Royal LePage Real Estate Professional can provide you with the names of legal professionals who specialize in real estate.
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The legal process differs from province to province. Your Royal LePage Real estate Professional or legal professional will advise you on the steps to be taken before the keys to your new home are presented to you.
Should I have a home inspector look at the house ?
- Having the property inspected by a qualified home inspector will give you the added confidence that you've made the right decision (costs vary
- When the procedure is complete, you may wish to ask for a full written report plus estimated costs for any necessary repairs.
What can I do to help sell my home faster?
First impressions are lasting impressions. You will want to make sure that buyers looking at your home are left with the best possible impression. Your Royal LePage Real Estate Professional can help you achieve that goal.
Check the exterior of your home to make sure...
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House exterior in good repair
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House number easy to read
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Eaves troughs, down spouts and soffits in good repair
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Garage/car port clean and tidy
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Litter picked up
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Cracked or broken window panes replaced
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Lawns and hedges cut and trimmed garden weeded and edged
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Walks shoveled and salted
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Boot tray inside front door
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Doorbell and door hardware in good repair
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Porch and foyer clean and tidy
Check the interior of your home to make sure...
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Chipped plaster and paint touched -up and repaired
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Doors and cupboards properly close
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Leaky taps and Toilets are repaired
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Burned out light bulbs are replaced
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Squeaky doors oiled
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Mirrors, fixtures and taps cleaned and polished
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Seals around tubs and containers emptied
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Inside of Closets and cupboards neat and tidy
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Appliances cleaned
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Countertops neat and polished
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All lights turned on
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Air Conditioner turned on in warm weather
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Fresh air in house
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Fireplace lit in cooler weather
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Halls and stairs cleaned
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Drapes opened during the day
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Carpets vacuumed
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Fresh flowers in various rooms
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Jewelry and valuables locked safely away or taken with you
- Valuable property out of sight or locked away
- Pets absent, where possible or contained during clean litter boxes
Make sure you sell your home for the right price...
