Selling your house? How does it work?

Congratulations, you've decided to sell your home...now what? Selling your home can be a frustrating, expensive, and emotionally draining experience if you are not prepared for what can happen. Knowing what to expect when your house goes on the market can be half the battle of going through the process. Here's a sneak peak at what you can expect when you decide to put your house up for sale:

First things first.

You want your home to show the absolute best that it can - and have it evaluated for the very best price. So clean up! Take a weekend to do a thorough audit of your home, deciding what needs to be repaired, replaced, and cleaned up. Then box up any extra things you won't be needing for the next several months - off season clothing and outdoor toys for example. Removing extra things from your house will open up the space and help it show the very best it can.

Get an evaluation.

Now that the space is looking good, it’s time to get a REALTOR® in to do a market evaluation. They’ll be able to position your home in today’s market and give you good tips and strategies to best market your home. If you have a REALTOR® of choice, go ahead and call them, or better yet, call a few so you get different opinions. We have experience in all different styles and types of homes in Saskatoon, call or email us today for an appointment.

List it!

Now's the time to sign the contract with your REALTOR® and get your home on the market. We will put your home on the MLS® System, have a virtual tour done, and get your listing noticed! Be prepared for us to have a large number of agents come through your home for a special presentation during its first week on the market, and we will also host public open houses on the weekends.

Be Flexible.

Once your home is on the market, you need to give buyers every opportunity to view your home. If you request 24 hours notice to show, or have a big dog on the property that makes it hard to arrange showings, then try to figure out how you’re going to get around that before it becomes an issue. If a buyer is deciding between your house and another, and they can’t get in to see yours for some reason, they make take it off their list altogether.

2 Days…Weeks…Months later

At some point after listing, depending on the market you’re in and the condition of your house, you’ll get an offer! Yay! Work with us to negotiate the best deal we can, with terms that are acceptable to both you and the buyer, and then we’ve got a “deal.”

Now I can relax right?

Not necessarily. An accepted deal isn’t the same as a firm sale. Your buyer will have conditions on the sale, likely mortgage financing, possibly the sale of their current home, and in many cases a home inspection. A normal deal will have approximately a week for the buyer to satisfy the conditions on the offer and make the sale firm. Unfortunately it is not uncommon for a buyer to have trouble removing conditions by the deadline, so prepare yourself for the possibility of going back to the drawing board. Rest assured that we will do our very best to make the deal work, and we will let you know of any complications or issues that arise and how we can possibly save the deal.

Final Sale!!

Yay, the buyer removed conditions! You now have a firm sale, and can start packing. At this point, any changes you want to make to the deal can only happen with approval from both you and the buyer. Now is the time to find a great real estate lawyer who can make sure that the deal goes through without a hitch. We can hook you up with a great lawyer if you don’t already have one.

Book your movers…

 

Next week we’ll talk about all the little details you need to take care of before you physically move out.

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