There are buyers throughout the year, however, the seasons of the year is one of the many factors that must be taken into account. Although we are in a seller’s market, there are more buyers when the weather is more favorable for visits.
An “open” mortgage allows you to pay off your entire balance at any time. If you have a “closed” mortgage, you may have to pay a penalty for ending your mortgage. However, it is also possible to transfer your mortgage to your new purchase.
If the certificate is more than 10 years old or there was a change in ownership. You will need to hire the services of a surveying engineer.
Investing in the services of a real estate agent is the safest and fastest way to sell at the best price and under your conditions.
The real estate agent is paid by a commission, but this is paid at the time of sale only.
In order to be able to buy before having sold, it is possible that your financial institution can lend you without the need to sell. This will allow you to have the necessary down payment to purchase your new home.
As a seller, you might try to postpone the occupancy date to give yourself more time to find your next property.
If all goes well for you, by selling on your own, you could possibly save some money but, you will be alone with many decisions and you will have to spend a lot of time on it.
By choosing a real estate agent, you benefit from four advantages:
Choose a real estate agent that matches your needs
If you set the price too low, you will lose thousands of dollars that the buyer could have paid.
If you price too high, you risk preventing visits from interested potential buyers and keeping your home on the market for a long time.
Then, when you lower the price, buyers may think you are under pressure and will try to take advantage of the situation by placing a lower offer.
To attract the attention of buyers and optimize the sale, you need to set the right price for your property. Real estate agents can compare your home to a collection of similar properties that have recently sold in your area.
By signing the brokerage agreement, your real estate broker is officially authorized to sell your home. The brokerage agreement gives your broker’s real estate agency permission to market and sell your property.
This contract:
– defines your relationship, including the limits of your broker’s power;
– provides detailed information about your property that can be published in the Centris system to help potential buyers find you;
– forms the basis for preparing offers for the purchase of your home.
It is a crucial step in the sale of a property. You must take care of the following details to achieve the sale:
The pictures
The descriptive sheet
advertising tools
Some valuable tips to make sure your viewings run smoothly: Brighten your home with good lighting, lock up valuables, avoid preparing strong-smelling food, allow potential buyers to roam freely, don’t try to negotiate with visitors let your real estate agent take care of it.
Your broker will present each offer sent to you and advise you
about the content of the offer(s). You may need time to prepare a counter offer or to reflect and discuss it with your partner.
Once the offer has been received, you have three options: accept, reject or send a counter proposal.
The notary is normally appointed by the buyer. His role is
Verify and prepare the legal documents and property titles that will be transferred to the buyer. It is also responsibility of the notary to receive the proceeds of the sale, to calculate and make adjustments based on the sale price, to remit the commission to the real estate broker and to ensure the return of the balance of your mortgage loan to your financial institution.
Once the deed of sale is signed, all that remains is to prepare the move.
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