Selling your home is a multi-step process that requires strategic planning, market expertise, and the right real estate professional by your side. Here’s what to expect and how to prepare for a smooth and successful sale.
Understand Your Financial Position
If you’re still paying off your mortgage, don’t worry, there are several options depending on your mortgage terms. Speak with your lender to understand any potential penalties, payout options, or the possibility of porting your mortgage to a new home.
Choosing the Right Real Estate Agent
Selecting the right realtor is crucial. Avoid the common mistake of choosing an agent based solely on the highest suggested listing price. Instead, look for a trusted professional with proven market knowledge, a strategic pricing approach, and a strong marketing plan. Ask for referrals from family and friends or research online for well reviewed, reputable agents in your area.
Listing & Pricing Your Home
Setting the right price is key. Overpricing can deter buyers, while underpricing may leave money on the table. A skilled Realtor® will conduct a detailed market analysis, considering recent sales, current trends, and local demand to position your home competitively for maximum exposure.
Marketing & Showcasing Your Home
Once you sign a Listing Agreement, your agent will market your home through multiple channels, including MLS®, social media, professional photography, and targeted advertising. They’ll also help you prepare your home for showings and staging to make a great first impression on buyers.
Negotiating & Closing The Sale
With the right strategy, you’ll start receiving offers. Your realtor will guide you through negotiations, ensuring you secure the best price and terms. After accepting an offer, the buyer may conduct a home inspection, and final adjustments may be negotiated. From there, your lawyer and realtor will assist with the legal paperwork to finalize the sale.
Congratulations - Sold!
With your home officially sold, you can now focus on your next chapter, whether it’s purchasing a new home, relocating, or investing in new opportunities.