Whatever your reason for selling your home, it’s a big decision. A real estate agent can help you navigate the many steps and decisions involved in the home-selling process. Here are a few tips to get you started.
Make sure the real estate agent you hire is a good fit for your needs. Make sure your approach and expectations are in alignment, check their references and search RECO’s Public Register to confirm they are registered.
Before you sign a listing agreement with a brokerage, ensure you know what it means, how long it will be in effect and what the different clauses mean. Ask questions and seek independent legal advice if you’d like a second opinion.
Ensure that all your home’s details in the listing are accurate, from the square footage, recent renovations, property taxes and lot dimensions to items that are and aren’t included (for example, water heater, appliances, light fixtures, window coverings). RECO recommends that any listing details be supported by invoices, receipts, or documentation.
Be proactive. Speak with your real estate agent before the property is shown or an open house is held to set ground rules and identify ways to protect yourself and your property.
Minimize risk. Remove all valuables and securely store anything with your personal information, like credit card statements and receipts.
When reviewing offers on your home, the details of the offers will remain confidential between you and your real estate agent, unless you direct your agent to share the content. You may get multiple offers, and your agent is there to help you navigate any negotiations.
Remember that there are closing costs associated with selling a home: real estate commissions, legal fees, moving expenses, and more.
If you’re purchasing another home, does the closing date on the sale of your current home align with your next home? Have a contingency plan in place in case the dates don’t match up.