Home Sellers' Guide
Welcome to the Gannon Real Estate Team’s Home Sellers’ Guide, your online resource for selling your home in Burnaby and the Metro Vancouver area. Selling your home can seem like a daunting procedure, so we’ve put together this step-by-step guide to make your home selling experience go as smoothly as possible.
Selling Your Home With The Gannon Real Estate Team
We sold 100% of our house listings in 2013, and over 90% of our townhouse and condo listings (the market average is around 50%). This is the most vital statistic to represent a real estate team’s performance. How do we beat the market average by such a wide margin?
1. We speak Chinese
2. We are top negotiators
3. Team power
4. Attention to detail
Check out our Home Sellers’ Guide for valuable information & resources. If you’re ready to sell your home, contact us to get started!.
Choose a Real Estate Agent
The procedure of selling your home can be complex, involving numerous legal conditions, significant sums of money, and the need for comprehensive marketing. A real estate professional can help you navigate this complicated process with ease, offering expert advice, and working to sell your home in the shortest amount of time possible, for the best price the market will allow.
When choosing a real estate agent, it’s important to ensure that you’re comfortable and confident in his or her ability to sell your home. Ideally, an agent who has experience in your neighbourhood and understands the current market is the best choice to help you sell your home.
An agent who has experience and knowledge of your home’s neighborhood and market is able to offer buyers valuable information about your home and the surrounding area, and can showcase your home’s best features.
A listing agreement authorizes your real estate agent to represent you in the sale of your property. This contract also creates a framework for the negotiations and forms that come along with the selling process.
Terms and conditions that are included in the listing agreement include:
- The length of time for which the listing agreement is effective
- The listing price for your property and accurate information and details pertaining to your home
- Your agent’s compensation
- Financial terms and conditions
- Negotiation terms
Determining Your Asking Price
When setting the listing price for your property, it’s important to make sure that you understand the current market, and have looked into the home value of other houses in your neighbourhood. If you set your listing price too high, it will be much harder to sell your home and will extend the process, and if you list too low, you could potentially lose out on a substantial amount of money.
A real estate agent can carry out a comparative market analysis to assess your property’s value, and take a look at what similar homes in your neighborhood have sold for recently. This valuable market information can be essential in the sale of your home.
Ask for a Free Home Evaluation. A well-priced home will generate competing offers and drive up the final sale value. Our free market analysis takes into account the most actively searched prices and home values in the area and provides you with a detailed evaluation that puts it all in perspective.
Preparing To Sell Your Home
When you’re ready to sell your home, take a step back and look at your property with the critical eye of a buyer. Check out both the interior and exterior of your property to see if there are any repairs required.
If there are small repairs that you can complete yourself, or can have done by a professional affordably, get these done. Any repairs you do can help to sell your home, and it can be more affordable to get them done first, instead of having buyers negotiate repairs into the selling price of your property.
Resources: View links and contact information for mortgage brokers, lawyers, home inspectors, city halls and FAQs.
Marketing Your Home To Sell
When selling your home, it’s important that your property is seen by the highest number of qualified buyers as possible. Your agent will market your home through a variety of channels, which may include yard signs, print advertising, open houses, and online marketing.
Agents also have numerous resources at their fingertips, and are part of a comprehensive network of other real estate agents and brokers who represent buyers looking for a new home.
Sell Your Home with a Professional: Our tried and true marketing plan will take the guesswork out of selling your home.
Accepting An Offer
Homebuyers who want to purchase your property will submit an offer to your agent. Your agent will go over the offer with you to ensure that you completely understand all the terms and conditions involved, including:
- Buyer’s Price
- Conditions that might apply, such as a home inspection
- Buyer’s requested date of possession
- Closing Date
The buyer will also submit a deposit with the offer to demonstrate good faith. It isn’t necessary for you to accept the offer, and you can always submit a counter offer to the buyer.
Once both the buyer and the seller have accepted and signed the offer, it becomes a legally binding contract. Ensure that you’ve gone over it thoroughly with your agent, and asked any questions. Additionally, you have the option of reviewing the contract with your lawyer before signing. Once you’ve signed the offer, both parties are legally required to close and you’ve officially sold your home.
If you're ready to sell your home, fill out the form below and receive a free home evaluation, or or call 1.866.433.2211 to talk to a real estate professional right away!
Fill Out The Form Below To Receive A FREE Home Evaluation!
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