Selling Your Home

Selling your first home

At some point you might ask yourself, "Is it time to sell my house?" Of course, your home is more than a piece of land and a dwelling. This is the place where precious memories were made, where dreams were realized, where your family grew. No wonder it can be a difficult, lengthy and emotional process when it's time sell your first home and move. If you're also looking to buy and move into a new home at the same time, it can be easy to feel overwhelmed. Don't be in a hurry to sell your home, or you might end up accepting an offer for significantly less than your asking price. It's important that this sale will make you happy, with no "seller's remorse" and meet your financial needs during the years to come.

The benefits of a real estate agent

Should you contract a real estate agent to assist you in selling a home? You could do it on your own, but be prepared for a lot of work, and treading some unfamiliar ground. When you hire an agent, you're also benefitting from a wealth of expertise and experience. An agent will draft a listing agreement detailing the terms of the sale and stipulating the obligations of both parties. As part of the listing agreement, you'll need to come up with a listing price. This is largely determined by the size of your land and your home, its condition and location as well as the current state of the economy. A good agent will be invaluable in helping you find a fair listing price.

Preparing and showing your home

Before opening your home up to interested buyers, do everything you can to make it attractive and desirable, also known as "curb appeal". Make any necessary repairs, paint touch-ups and thoroughly clean your house and property. Store away personal items, like family pictures and things like dog toys. Remember what attracted you to your home in the first place, and be sure to highlight that in your listing and any photos, as it could be the magic bullet that turns a prospective buyer into your home's next owner. 

Negotiating and accepting the offer

A formal offer is a written bid for your property that includes any other conditions the buyer would like included in the sale. When you receive an offer, you'll have to decide whether to accept it or not, or propose a counter-offer to the buyer. Remember that if you accept an offer, you are legally bound to meet the offer's terms.

 

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