The Home Selling Process, From Start to Finish

Selling a home is a process comprised of numerous steps. While the exact order might not be the same for each instance, the below outline provides home sellers with a general guideline of steps involved in the home-selling process.

Establish a Selling Price

The price of a home is one of the most important factors in selling a home. While price is a key factor that potential home buyers use to determine which homes they want to tour, it's vital for home sellers to put some thought into the price they ask for their home. A price that is too high will deter potential home buyers because it's out of their budget. However, a price this is too low could indicate that something is amiss with the home resulting in less interest in it. Canvassing the neighbourhood to determine the current home values is a good place to start with setting a selling price.

Use Technology

In order to successfully sell your Windsong home, a homeowner must harness the technology that's available to both buyers and sellers. Most home buyers complete research online regarding the homes that are available in their price range, gather information about schools and the neighbourhood, explore options for financing and more. Listing a home in as many places where potential home buyers might look is vital for a successful sale. Homeowners need to offer details of the home on their own social media accounts and encourage their friends and connections to share the news as well.

Prep the Home for its Sale

Prior to advertising a home for sale, it's vital for the seller to get the property in for-sale condition. Once the information about the home hits online or other avenues, expecting potential home buyers to drive by the neighbourhood is not a far-fetched idea. The property should be well-groomed outside at all times. When it comes to having people tour the home, it should be staged in a presentable manner inside as well.

Negotiating the Home Sale

Once a buyer has shown interest in the home, it's time to start negotiations. A home seller should consider all the offers that have been received. Using a real estate agent or an attorney with experience in real estate is vital to ensuring that all the legalities are addressed prior to the contract being signed.

Closing, Inspection and Other Details

Prior to a contract being signed, the home's title will be ordered to ensure that there are no liens or other issues with it. The home buyer should have the home inspected prior to purchasing it. The home seller needs to cooperate with this and suggest it if the potential home buyer does not ask. Having a home inspection completed helps protect both the buyer and the seller and provides an arena for negotiations, if necessary.

Selling a home can be an exciting and invigorating event in a homeowner's life. The above steps highlight a few of the many different versions that could emerge for an individual home seller. While it's designed to provide home sellers with a general overview, it doesn't cover all the possibilities that could arise when selling a home in Canada.