Selling or buying a home often means undertaking one of the largest financial transactions of your life. For this reason, it’s important to choose a REALTOR that you trust to negotiate the best price and terms. When evaluating REALTORS, a proven track record, an established reputation and local market knowledge are among some of the most important considerations.
It is very valuable to work with a REALTOR that is licensed with a reputable brokerage. These companies earn their reputation through the performance of their licensees as a whole. The value of continuous education, strong support systems and a large network of licensees will ensure that you and your REALTOR have a competitive advantage in the market place.
The selling and buying process is a team effort between you and your REALTOR. They should be someone that you feel comfortable working closely with.
The selling process can be daunting a task to undertake without the proper information. Our goal is to make it as simple and stress free as possible. The Following is a brief outline of what to expect when selling your home.
Initial Meeting: Upon receiving an inquiry to sell your home, we arrange a convenient time to come view your property. This meeting gives us the opportunity to meet each other and view your home for the purpose of conducting a current market evaluation. This evaluation will be the basis for how we price your home according to market conditions and what could be expected as the sale price.
Marketing Strategy: Once we have signed a listing agreement to sell your home, the marketing process begins. We will tailor a custom marketing plan using multiple advertising mediums, design custom marketing materials and contact our comprehensive list of buyers. By tailoring a property specific marketing plan we are able to maximize your home’s exposure to prospective buyers.
Open House and Showings: Depending on your preference, the next step is to set times for an open house or private showing. Open houses create excitement and buyer awareness of your newly listed home.
Receiving Offers: After your property is listed, the next step is to look at 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 (completion, adjustment and possession), included items, conditions and subjects. 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 legally binding, enforceable and written properly.
Accepted Offers and Subject Removal: Once an offer has been accepted. There may be subjects or conditions to satisfy on a specified date and time before the sale is firm. Typical subjects may include: Subject to financing, inspection, oil tank search/removal, approval of the Property Disclosure Statement, Title search and Strata Documents (Strata Title Properties Only). As a result, property inspectors, appraisers and oil tank removal specialists may require access to your property. These professionals are licensed and insured in the same way as REALORS. After all subjects and conditions have been satisfied, I will ensure that a secure deposit is delivered and held in the trust account of the brokerage representing the buyer. Once subjects have been removed and the deposit has been delivered your property is now sold.
Sale to Possession: The time between the sale and the buyer’s taking possession may be as short as a couple weeks and up to several months. This time frame is dependent on the dates negotiated at the time of offer acceptance.
Legal Process: After your home has been sold, 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.
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.
Buying a home can be an overwhelming process that requires making complex decisions. The following is a summary of the processes involved in purchasing a home.
Purchasing Profile: Upon receiving an inquiry that you are looking to purchase a home, we arrange a meeting to establish your purchasing profile. At any given time there may be hundreds or thousands of active listings in the area you would like to live. Defining your needs, wants, location, price range, size, style and time frame will all help narrow the search for the most desirable properties. Finding the perfect home may take a while or it could be the very first property you see. It is important to know that once you find the right home, you must be decisive and act quickly.
Viewing Homes and Tours: After establishing your profile, the next step is to look at prospective properties that match your search. We can arrange tours, private showings and visit open houses. While viewing homes it’s important not to disclose your interests or motives to any other Realtor, as they are obligated to communicate this information to their client.
Making an Offer: Once you have found the perfect home, it’s time to make an offer. I will help you establish a fair market value, the terms, conditions and dates that will give you the best chance of having your offer accepted. Writing offers is a precise process that carries substantial risk if done incorrectly. My experience and training will ensure that your offer is legally binding, enforceable and written properly.
Accepted Offers and Subject Removal: Once you have an accepted offer. There may be subjects or conditions to satisfy before a specified date and time to make the sale firm. Some of the typical subjects you may include are: Subject to financing, inspection, oil tank search/removal and or approval of the Property Disclosure Statement, Title search and Strata Documents (Strata Title Properties Only). As your agent, I will ensure that you are protected and that you conduct the necessary due-diligence to make an informed decision. Near the time of subject removal, you will need to get a deposit from your bank. Typically this is by way of certified cheque or bank draft and will be held in the trust account of my brokerage, Re/max Select Properties. Once subjects have been removed and the deposit is delivered, you have now purchased your home.
Sale to Possession: The time between the sale and taking possession may be as short as a couple weeks and up to several months. This time frame is dependent on the dates negotiated at the time of offer acceptance.
Legal Process: After you have purchased your new home, 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.
Changing Possession: Once confirmation of completion is received, you may now take possession on the possession date and the process is complete.