The Key to Selling Your Home
1. Market conditions: Look at the current state of the housing market in your area. Is it a buyer's market or a seller's market? Are homes selling quickly or sitting on the market for a long time? These factors can impact the price you can expect to get for your home.
2. Comparable properties: Look at properties similar to yours that have recently sold in your area. This will give you an idea of what buyers are willing to pay for a home like yours.
3. Your home's features and condition: Consider the features of your home, such as the number of bedrooms, bathrooms, and square footage, as well as its condition. A home with more bedrooms or a finished basement will typically be worth more than a similar home without these features.
4. Your local real estate market: Research recent home sales in your neighborhood to get a sense of what similar homes are selling for.
5. Hire a professional: If you're unsure of how to price your home, hire a real estate agent. We are professionals and have expertise in the local real estate market and can provide valuable insight into the best price for your property.
The Benefits of Pricing Right
Your property sells faster because it is exposed to more qualified buyers.
Your home doesn’t lose its “marketability”
The closer to market value, the higher the potential volume of offers received.
A well-priced property can generate competing offers.
The real estate community will be enthusiastic about presenting your property to buyers.
Several of the strategies that we use to market your property are:
- High Quality video, virtual tours, and images: Buyers often have high expectations when it comes to the properties they are interested in. It is so important to showcase your property in the best light possible. We use professional photography and videography, plus create a virtual tour of the property.
-We utilize targeted advertising to reach specific demographics to target potential buyers who are interested in real estate. This includes social media platforms, Facebook, Instagram, Twitter and TikTok, Google Adwords, Google Display Network, and targeted email campaigns.
-Host Event and Open Houses: Hosting agent and highly marketed open houses can be a great way to attract agents (who work with many buyers) and buyers themselves to the propety.
- Listing your property on the MLS (Multiple Listing System) and many real estate websites and market places, including Realtor.ca.
-Print Media: We provide marketing materials in the form of full color brochures, flyers, newspaper, and magazine ads.
By using a combination of these marketing strategies and more, we can effectively reach potential buyers and sell your home.
-Plan of Survey of Location Certificates
-A survey of your property that outlines the lot size and location of buildings as well as details of encroachments from neighboring properties.
-Property Tax Receipts
-Listing Agreements require that the current annual property tax assessments be shown.
-Other Documentation (leases, service agreements, strata information etc)
-Annual heating, electrical, and water expenses, as well as any recent home improvement costs.
The Major Elements of an Offer
Price
Depending on the current market and the local conditions, the price offered may differ from the asking price.
Deposit
The deposit shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. We can advise you on the suitability of the deposit being offered.
Terms
Includes the total price the buyer is offering, as well as the financing details. The buyer may be arranging their own financing or may ask to assume your existing mortgage if you have an attractive rate.
Conditions
Offers can be “firm” which means that buyers are willing to buy the home exactly as it is. Or, the offer could be “conditional” on things like a property inspection, approval of financing, or the sale of their existing home. The home may not be sold until all agreed-upon conditions have been met.
Inclusions and Exclusions
These might include appliances and certain fixtures or decorative items, which would be included (or excluded) in the purchase of the property such as window coverings, light fixtures, or mirrors.
Closing or Possession Date
Generally, the day after the title of the property is legally transferred and the transaction of funds is finalized, unless otherwise stated.
With You at Every StepDerek brings invaluable knowledge and expertise to the home selling experience and is dedicated to your needs from the pricing, to purchase, to relocation. Please don't hesitate to call Derek Weatherhead today if you have any questions.
