SELLING YOUR PROPERTY

Once you have made the decision to sell your home, there are some important things that you need to consider with the help of your representative:

 

  • The market conditions – The real estate market is always changing and it is important to understand how the current conditions will affect your position as a seller.

 

  • What the market value of your home is – This is influenced by market conditions, location, size, style, condition, amenities and financing options.

 

  • What a realistic selling price would be – Homes that are priced right sell faster and can generate higher, competing offers.

THE SELLING PROCESS

  • The Offer - This will be influenced by the market conditions and the buyer but is usually different from the asking price.

 

  • The Deposit - Once an offer has been accepted, the buyer will place a deposit on the property. This deposit will be applied against the purchase price when the sale closes.

 

  • The Terms - This includes the total price the buyer is offering and the financing details.

 

  • The Conditions - This is a series of requirements that must be fulfilled prior to closing. The sale may be subject to such things as a home inspection, the sale of the purchaser’s property and/or the buyer obtaining financing.

  • The Inclusions and Exclusions - This is a list of furnishes, appliances, decorative items, fixtures, etc. that are being included or excluded from the sale.

 

  • The Closing and Possession Dates - In general, the closing date is the day that the seller will receive the funds and the title will be transferred to the buyer. In BC, the possession date is usually 1 to 3 days after the closing date.

ALYSSA WILSON

604.815.9351

alyssa@blacktuskrealty.com

 

Statistical information provided by Real Estate Board of Greater Vancouver and Royal LePage. The information provided by Alyssa Wilson and Royal LePage Black Tusk Realty is from sources believed reliable but should not be relied upon without verification. Alyssa Wilson and Royal LePage Black Tusk Realty assume no responsibility for its accuracy.