by Nutan Brown
on Wednesday, May 26th, 2021 at 4:00pm.
The home selling process can seem daunting. Sometimes it’s hard to know where to start! To help guide you through the process, here’s a simple 5 step guide for selling your home.
Find An Agent
The first step to selling your home is finding the right real estate agent. Start by searching online or asking friends and family for referrals. There is no commitment required on your part for the initial meeting with an agent. It will be educational and will help you identify the right agent for you.
Price Your Home
Establishing an asking price will be the next step to selling your home. To determine a price, look for comparable homes that have sold in your neighbourhood recently. Also look at what’s currently on the market and how inventory looks throughout your area. You real estate agent will help with all of this!
Once you’ve determined a price, you’ll want to prepare your home for sale. Most homes are not in “sell-ready” condition, which means you’ll want to spend some time fixing up the home for potential buyers. View your home through the eyes of the buyer and ask yourself what you would expect.
Your agent will do a detailed walk-through and make suggestions for your home to show at its best to command the highest selling price. Staging is a very important part of the real estate market and details about staging should be discussed with your realtor. When everything is in place, your agent will list your home on the market.
Potential buyers will want to visit the home before they decide whether or not to make an offer. Individual showings are often the most effecting way to find interested buyers, but open houses are great too (when safe to do so). After each showing, your real estate agent will follow up with the people who viewed your home for their feedback.
Accept An Offer
You may have one or more interested buyers at this point, who will present your agent with an offer. You have three choices – accept the offer, counter the offer or reject the offer. Once both parties have reached an agreement, the offer is documented and accepted under an official contract.