The home selling process can be complex and daunting for a first-time homeowner who is letting go of their first property. To be successful with selling your home and to maximize your return in as little time as possible, here is what to expect as you undergo the journey.

1. Preparing Your Home For Sale

You want your home to blow a prospective away in their first impression.

To do this, start by decluttering and remove any items you don’t intend to keep. Next, do a deep clean of every room. Complete any minor repairs in the process, such as fixing leaky faucets, squeaky door hinges, and chipped paint.

Consider staging your home to receive expert advice on how to best highlight your property’s best features.

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2. List Your Home For Sale

Create and write a real estate listing for your first home.

Set a competitive price for it that is in line with the local market. Be sure to research what similar properties in your area have sold for. Look at market trends and comparables, and homes currently listed or that were recently listed.

In terms of the listing itself, take high-quality images, preferably by a professional photographer. Consider doing an HD video walk-through in the style of a virtual tour.

Lastly, list your house for sale in Etobicoke on real estate websites and social media. Be ready to host open houses and/or to schedule private showings to attract interested buyers.

3. Negotiating The Offers You Receive

Truly interested buyers will come forth with an offer. Look at the offers you have, evaluate them, and negotiate.

Consider the offered price, financial qualifications of the buyer, proposed closing dates, and any conditions. If the first offer isn’t perfect, make a counteroffer. Adjust the price, terms, or conditions based on what you want to get.

If you get multiple offers, you have a few options. Accept the best offer, reject all offers, let all prospective buyers know that you have multiple offers and advise each one to submit their best, or negotiate with those you’re willing to invest the time in to try to secure a deal.

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4. Closing The Sale Of Your First Home

Once you have terms you and your buyer can agree on, it’s time to get down to a sales agreement and close the sale.

Before closing, a buyer may request a home inspection to identify any potential issues with the property. Be prepared to have to negotiate repairs based on the findings of the inspection.

Be sure to sit down with a real estate lawyer to review the sales agreement before signing. After the title is transferred from the seller to the buyer, the transaction is officially complete and ownership is changed.

As a seller, you are responsible for certain closing costs. Be aware of these costs ahead of time. Do everything you can to ensure the transaction goes smoothly and avoid unexpected disagreements or issues. Be flexible and ready to address any questions or concerns. If that’s the case, your transaction should close in speedily fashion.

If you’re looking to sell your home in Etobicoke, reach out to a real estate agent at Adrian + Andrea. Receive the guidance you need to set up your home to sell for the best price possible. Connect with Adrian + Andrea today. Reach out to us today! Call us at (416) 319-6893 or email info@adrianandrea.com.