1. Initial Meeting
3. Realtor Tour and Showings
4. Receiving Offers
5. Accepted Offers and Subject Removal
5. Sale to Possession
6. Legal Process
We arrange a convenient time to view your property and meet you. This introduction gives us the chance to view your home for the purpose of conducting a comparative market analysis (CMA). This analysis will be the basis for how we price your home according to market conditions. Our CMAs are complimentary and come with no obligations.
2. Marketing Strategy
Once we have an agreement to sell your home the advertising process begins. The marketing starts with taking high quality photos of your listing and doing a 360 degree virtual tour of your property. Then we advertise your property in a wide variety of places: Facebook, MLS, our personal website, the local newspaper, Bulkley Valley Buyer's Guide, our Main Street office, and the Royal Bank board just to name a few.
3. Realtor Tour and Showings
The Realtor Tour is the best way to present your property to all the Smithers Realtors and educate them on your listing. Remember, each agent has a list of qualified Buyers so it is important to cast as wide a net as possible. Then the individual showings begin.
4. Receiving Offers
An offer is a contract of purchase and sale offering to buy your home at a specified price under certain terms and conditions. Negotiable terms may include price, dates, included items, and conditions. At this stage I will use my experience and training to negotiate the best price and terms for your home. I will ensure that contracts are clear, legally binding, and comprehensive.
5. Accepted Offers and Subject Removal
Once an offer has been accepted that is only half the battle. There may be subjects or conditions to satisfy before the sale is firm. Typical subjects clauses address financing, inspection, insurance, etc. As a result, home inspectors and appraisers may require access to your property. Once all subjects have been removed and the deposit has been delivered your property is officially sold. This is when the sold sign goes up.
5. Sale to Possession
The time between the official sale and the Buyer’s taking possession may be a couple weeks or several months. This time frame is dependent on the dates negotiated in the original offer.
6. Legal Process
As we near the completion date the conveyance process begins. In this stage the Seller's and Buyer’s lawyer or notary coordinate the transfer of title and funds on the completion date. If you do not have a lawyer or notary we are more than happy to recommend one of several professionals we work with.
7. Changing Possession
7. Changing Possession
Once confirmation of completion is received, the new owners will typically take vacant possession on the possession date and the process is complete.
Fees to Expect
Commission: The commission is the amount that you pay your Realtor. This is normally agreed upon while going over the details provided in a listing contract and pays both the listing agent and selling agent.
Mortgage Penalty: If you're selling your home before your mortgage is due the bank may charge you a penalty. However, if you're upgrading your home to a higher price range, you may be able to port your existing mortgage over to the new property and avoid paying a penalty.
These are good questions to discuss with your mortgage professional.
Property Taxes: Any unpaid property taxes will be due at Completion and will typically come out of the proceeds of the sale.
Charges/Liens: Some properties may have liens registered that will have to be paid out before you can clear title. If your property has a lien, confirm how much it is and take the steps to clear it.
Legal fees: Legal fees to Sell a home are typically average $1000 to clear a mortgage and transfer title over to a Buyer.
