How To Sell A Property In 17 Steps

When it’s time for you to sell your real estate property, there are 17 thinking-steps you must go through to assure maximizing on your investment and selling for the highest price and profit possible. These 17 steps are as followed:

  1. Deciding to sell (As simple as it sounds, making a firm decision would help and benefit you in two measurable units: Time and Dollar, Marketing effort)
  2. Finding, Interviewing and Hiring the right qualified Realtor® (The right real estate consultant will help you set an educated price that would place your property on the market competitively, negotiate the purchase contract, co-ordinate his/her qualified partners to assure closing, handle showings and tours and open houses, handle all necessary paperwork and supervise the closing. In other words, do everything it takes to sell your property and more)
  3. Calculate Closing Costs (It’s important to know all your numbers. Knowing about all of your closing costs would help set a fair and competitive selling price, and helps you prepare in advance)
  4. Pricing (One of the most important, emotional, and educated decision any seller has to do it set the price. Unlike the current assumption that it is the real estate agent’s job to price a home, it’s the owner’s decision and job to set a price; a good real estate consultant would help educate and prepare the seller for that.)
  5. Marketing (The next most important task is marketing the property. Our marketing plan and strategies always assure maximum exposure and puts our clients’ properties in front of the right buyers at the right times, 24 hours, 7 days a week.)
  6. Securing Financing for the next Residence (While selling your property, you need to find the next place to live. Your real estate consultant would help you find the right property, secure financing for your next home)
  7. Searching and Viewing Properties (You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long – if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why we say that looking for your home begins with carefully evaluating your values, wants, and needs, both for the short and long terms.)
  8. Choosing the Right Property (You and your realtor need to do a detailed review of your needs and wants, desires and affordability to secure the right property for you, to guarantee an easy and hassle free transition into your new home)
  9. Inspecting and Performing due diligence (Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important.)
  10. Calculating Costs (It’s very important to know what your cost of buying and maintaining would be before you make your offer. Therefore you and your knowledgeable real estate consultant have to make sure to consider all costs before attempting to purchase)
  11. Making Offer (When searching for your dream home, you were just that – a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective of your market. The three basic components of an offer are price, terms, and contingencies or “conditions” in Canada.)
  12. Negotiate (This is one of the most important attributes and skills that your realtor has to bring to the table. Your realtor is hired to negotiate on your behalf and protect and represent your best interest throughout the negotiations – make sure they are an incredible negotiator)
  13. Pack (Packing could be overwhelming and exhausting. Some organizational tips and methods could help a lot)
  14. Closing (Taking ownership, working closely with your mortgage broker and real estate lawyer would assure successful closing and transfer of ownership)
  15. Upgrading* (Most of the times, the right property doesn’t mean the perfect property. Perfection comes after upgrading and customizing and designing according to your own taste, preference and budget)
  16. Stage (Your new property most likely won’t have the same layout as your previous place of residence. Sometimes having a professional help you stage your new home would go a long way.)
  17. Protecting Your Investment (Throughout the course of your home-buying experience, you’ve probably spent a lot of time with your real estate agent and you’ve gotten to know each other fairly well. There’s no reason to throw all that trust and rapport out the window just because the deal has closed. In fact, your agent wants you to keep in touch.)