Selling a home can be very disruptive: cleaning and decluttering, strangers walking through, packing and planning a move, and negotiating offers. When your home is listed for sale it can be a very stressful time. Partnering with a skilled Realtor® and understanding what to expect once your home is posted as a new listing can ease the process. In this blog, we will go over some of the key steps involved in the home selling process so you can prepare your home and your family and set yourself up for success.
Are you considering selling, but not sure if the time is right?
Read Ask A Realtor®: Is Now A Good Time To Sell My Home?.
What To Expect When Your Home Is A New Listing On The MLS®
Showings
Once your home is listed, potential buyers and their Realtors® will schedule showings to view the property. These showings can be conducted during open house events or by appointment. There are things you can do to make the most of a scheduled open house. During an open house your Realtor® will be there to answer any questions and provide additional information about the property. For scheduled showing appointments the potential buyers will be accompanied by their licensed Realtor® and will contact your agent with any further questions. It’s important to be flexible and allow as many showings as possible, as this will increase the likelihood of receiving offers on your home.
Staging your new listing might help you get better offers.
Read Stage Your Home To Achieve Top Dollar And A Quicker Sale to find out more.
Feedback
After showings, you may receive feedback from potential buyers and their agents. This feedback can be both positive and negative, and can be helpful in determining what changes you may need to make in order to sell your home. Your Realtor® will share this feedback with you and offer guidance on how to best respond.
Offers
Once showings have taken place, you may receive offers on your home. These offers will include price and terms, and your real estate agent will be there to help you evaluate each one. They will provide you with information on the buyer’s qualifications, and assist in negotiating the terms of the offer.
Closing
Once an offer has been accepted, the next step is to move towards closing. During this time, a home inspection and appraisal may be conducted. These assessments will determine the condition of the home and its value. This may impact the buyer’s ability or desire to close the sale. Further negotiations may happen at this stage (for example, the buyer may request a lower price because the roof needs to be replaced). Your Realtor® can help you navigate any additional negotiations.
Contract
The final step in the home selling process is the signing of a contract. This document will outline the terms of the sale, including the sale price, closing date, and any contingencies that may need to be met. Your Realtor® will be there to review the contract with you and ensure that all of your questions and concerns are addressed. You will need to hire a lawyer to represent you and finalize all documentations, the transfer of funds, and disbursements.
Expect The Best With The Mel Star Team
Selling a home can be a complex process, but with the help of a knowledgeable Realtor®, it can be a smooth and successful experience. By understanding what to expect during the home selling process, you can prepare yourself and be confident in your decision making.
The Mel Star Team can help you navigate through the ups and downs of listing your home, painting a picture of what to expect and what the overall process looks like from start to finish. Our team of experts are on your side to help you sell your home fast and efficiently. If you are considering listing your home for sale, contact the Mel Star Team at 403-861-9944 or through our online contact form. Your home journey with Calgary’s top realtors starts now!
FAQ
An appraisal is an assessment of the value of the home. This is conducted by a professional appraiser and is necessary to determine the market value of the property. This information is used to determine the sale price and to ensure that the buyer and seller are on the same page.
A home inspection is conducted to determine the condition of the home. This includes a thorough evaluation of the property's systems, such as plumbing, electrical, and HVAC, as well as the structure, roof, and other components.
Closing costs are fees associated with the closing process, such as:
- Home Inspection
- Lender Appraisal
- Condo Documents and Condo Document Review
- Legal Fees
- Title Insurance
- GST
- And more
Some of these fees are the responsibility of the buyer and some of the seller. Your Realtor® can give you a clear understanding of which closing fees to anticipate.
CONTACT US
We are here to help and we'd love to hear from you. Call us at 1-403-861-9944 and we will be in touch shortly!