Selling your home is a complex, multi-step process that calls for the expertise of a Real Estate Agent. There are many things you’ll need to consider, and to help you through it, here’s a general overview of what to expect and prepare for.

Get Your Finances in Order

Don’t worry if you’re still paying off your mortgage; there are a number of options depending on what type of mortgage you have. However, you’ll need to talk to your lender before you can proceed.

Finding the right Real Estate Agent

It’s important to partner with a Real Estate Agent you feel completely comfortable with. Don’t fall for the trap of partnering with the first agent who suggests the highest asking price. Shop around. A good Real Estate Agent 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.

Start your search for a reputable Real Estate Agent by checking if family and friends have a preferred agent or searching online for the most visible and professional ones. 

Listing Your Home

Pricing your home too low or too high is not an option. Setting a fair price will attract more potential buyers and give your home more exposure. Your Real Estate Agent should be able to explain to you the multitude of factors influencing pricing, including competitive pricing, current market stats, and the estimated value of your home.

Marketing And Promotion

The next step will be to sign a Listing Agreement, which gives your Realtor® permission to post your property on MLS (Multiple Listing Service). They’ll then begin marketing your home through a variety of mediums — digital and traditional — and inform other Realtors® (representing buyers) that your property is on the market. Your agent can also help you prepare your home for staging.

Closing

After the hard work of marketing and promoting your home pays off, you’ll hopefully have a few offers on the table. Once you’ve accepted an offer, your buyer will want to conduct a home inspection and (potentially) negotiate the cost of any repairs. Finally, your lawyer and Real Estate Agent will walk you through the paperwork and legal steps needed to close.

Congratulations, with the sale of your home complete, you can now begin looking for a new place!