Tips to sell your house at handsome price!

Getting a right price for your property requires a good understanding of selling process, otherwise it can be very complicated and stressful process. It becomes more complicated when you need to repurchase a house either due to downsizing to smaller house or upgrading to bigger one to meet your changing personal and financial needs. Since this decision has a big impact on your wallet, we at GTA house listings contact us ensures that you fully understand the process. A brief guide is outlined below for your reference and help you prepare toachieve your goal without stress.
1. Decide on Time of Sale: In real estate market, knowing the right time of sale can greatly affect your home’s selling price. Market conditions like whether it’s a buyers or seller’s market and seasonality and personal factors like how quickly you need to sell all play a critical role in your home’s final selling price.  You can get the information about current market trends either by registering to our newsletter or you can schedule a free call with us or a REALTOR® of your choice to know about the current market conditions.
2. Find a REALTOR® who is right for you: Finding a realtor who understand your needs is key to selling process. The REALTOR® who helped you buy your home is a good place to start. They already know your home and they know you, so you’ll be saving time right from the start. Or look for names on “For Sale” signs in your neighbourhood or ask your friends and family. Make sure to interview two or three candidates and choose the one you like best. Make sure you finalise a full-time practitioner with good sales record. Please find out what service are offered by the REALTOR® and what costs are involved.
3. Sign a Listing Agreement: Once you have finalised the REALTOR®, you need to sign a listing agreement with him or her. This document authorizes your REALTOR® and their brokerage to market and sell your home. It will define the legal relationship between you and the real estate brokerage and also set a time limit for your REALTOR® to sell your home.
4. Determine your home’s worth and asking price: The right asking price is key to attract the buyers and get you a maximum return. If you set the price too low, you will miss out on thousands of dollars, but if the asking price is too high, less buyer will be willing to show interest in your property. Your price shall be determined by fair market value and market conditions. Your REALTOR® will guide you by looking at neighbourhood sales data by looking similar homes sold in your area. Check your home worth now!
5. Prepare your home for sale: It is a common saying that first impression is the most lasting. Same applying to your home, First impressions matter. You should see your home through a buyer’s eyes: get rid of the clutter, clean and repair as much as you can, within reason. Please weigh the cost of home improvements versus the potential financial return before embarking on home improvements.
6. Let your REALTOR® do what they do best: Your home has never looked so good and now it’s time for your REALTOR® to market it to potential buyers. This happens with a “For Sale” sign, open houses, newspaper ads, a listing on the MLS®, the internet, and, of course, through your REALTORS®’ relationship with other REALTORS®.
7. Prepare your finances: Will the buyer “assume” your mortgage or are you “discharging” it? If you’re buying a new home, is your mortgage “portable”? What taxes are involved? These are important questions to ask your REALTOR®, your mortgage lender and your notary public or lawyer.
8. Receive an offer: Although your REALTOR® will walk you through the process, be prepared for some stress. You will see every offer since it’s required that your REALTOR® show you every offer that’s submitted. You will have three options: you can accept, you can reject, or you can “sign back” or “counter”. Ask your REALTOR® what these terms mean. Happy negotiating.
9. Close the deal: You were successful and have drafted a legally binding agreement. Are you done? Not quite yet. Contact your lawyer or notary public, contact your lending institution and consult your REALTOR®. Immediately start satisfying any conditions of the agreement that require action on your part. On closing day, your lawyer or notary public will finalize all the details and give you a cheque for the net proceeds.