Now that you have decided to sell your home, the key focus becomes how to get as much money as possible from your existing property as quickly and as easily as possible.
Should you Buy or Sell First?
Determining whether to buy first or sell first can be difficult. After all, if you find a purchaser for your existing home before you've found a new one, and if convenient closing dates cannot be negotiated, you may find yourself moving in with family members or living out of a suitcase. On the other hand, if you find your dream home before you've sold your old one, you may be faced with carrying two mortgages for a time. Read More
The Top things you should know before selling your house:
- Make a Plan
Before you start obsessing over MLS listings and mortgage rates, it smart to prepare a home selling pan. Of course you want top dollar, but you could make costly home selling mistakes along the way if your enthusiasm for selling falls flat because you have under-estimated the time, effort and finances required to get that for sale sign on the front lawn.
- Choose a Listing Agent
A listing agent will represent you be able to guide you on the most important items required for preparing and selling your home. They will be able to advise you on what you need to do to get your home ready for sale including: repairs and enhancement jobs (to add value to the listing price), making your home ready for sale (staging), home remodeling (painting over those red walls in the bathroom), and what to expect as far as home pricing (comparative market value of homes sold in your neighbourhood).
- Talk to Your Lender
You will have to talk to your existing lender and ask how much you still have outstanding on your mortgage. Know the necessary proceedings for selling your old house and buying a new one. Then check for financing offers from other lending organizations. Evaluate which has the best rates and terms. This will help you maximize your budget and the income you can get out of your sale.
For a full listing of all the information you will need to consider when selling a home, please visit our Sellers’ Resource Guide.