- Step 1: Decide When to Sell
- Step 2: Find the right Brokerage and the Real Estate Salesperson.
- Step 3: Understanding the Working with a Realtor Form and the Listing Agreement
- Step 4: Find out what your home is worth
- Step 5: Choose from Customized Selling options
- Step 6: Benefits of Selling via Mere Postings
- Step 7: Our Service areas
- Step 8: Mere Postings and the New Real Estate Act of 2023
- Step 9: Money in your Pocket
- Step 10: How much Commission should you offer to an Agent in Mere Postings
Step 1: Decide When to Sell.
In real estate, timing is not everything but it does influence your home’s selling price. Let’s see if we can make timing work for you.
Is it a buyer’s or a seller’s market?
A 'seller's market' occurs when there are many people searching for homes but few for sale, as the seller has something everyone wants. When more homes are on the market than there are buyers, it is called a "buyer's market" since buyers have more power.
The concept of buying low and selling high is common. However, no one can time the market. We can help identify market trends. Your situation and needs are unique and you need customized support. Let's get started.
If you need to sell your home quickly?
To sell your home quickly:
1. Get a pre-inspection done to identify any significant issues that need fixing and repairs. Then getting these completed professionally. The inspection report and invoices of repairs are then made available to the Buyers to review.
This helps the potential buyer see that the home has been professionally inspected and the items repaired professionally. This allows the buyer to make a higher offer than usual.
2. It is extremely imperative to price the home correctly based on the condition of the home, the prices of similar homes in the neighbourhood and current market conditions.
We have 30+ years of real estate expertise and are experienced to identify your property's potentials. This is to ensure Marketing and Pricing the property right will get you the highest possible value in a timely manner.
Are you also considering buying a home?
Upsizing or downsizing - timing is paramount.
If you are selling and buying, it really does not matter if it's a hot or down Market.
When the market is hot, you will get more for your home and will be able to purchase another home comfortably as opposed to a slower market, where the prices are lower. If your home sells for a lower price then you will also buy in the same lower priced market.
Which comes first, buying or selling?
Putting your sale and purchase on the same closing date is a good idea. In general, it is a good idea to extend the "closing period" when selling so that you can give yourself more time to find your next home.
Our years upon years of experience in the real estate industry makes us skilled at this sort of negotiation, and can make your transitional life easier.
Let's chat together we can explore all the options available to you.
Step 2: Find the right brokerage and Real Estate Salesperson.
In 2023, with the cooling of inflated real estate markets and rising mortgage rates, you should work with a Brokerage that has experience in the real estate field. The market is steadily declining at the time of this report and is likely to continue the downward trend until 2025.
Toronto Real Estate Realty should be your Real estate Brokerage of choice when buying or selling your property. We have more than 30 years of Real Estate Expertise. Toronto Real Estate Realty has a Buyer Cash-back Plan for all Buyers and sellers. The Brokerage has years upon years of Real Estate Expertise. We will be by far the best Realtors working in your best interest. Click here to gather more information
Step 3: Working with a Realtor and the Listing Agreement
New Trust in Real Estate Service Act 2023 - effective December 1st 2023.
Before signing a Listing Agreement it is important that the Realtor outlines and explains the Working with a Realtor Brochure to every Buyer and Seller.
The Working with a Realtor documentation outline duties and obligations of the Realtor to you when acting for you in the Sale or Purchase of your home.
A Listing Agreement is the document used to authorize your the Real Estate Brokerage to market and sell your home.
Toronto Real Estate Realty offers 3 customized options to Sellers:
- Selling your Home Privately - For Sale by Owner.
- https://merepostings.com/mere-postings-and-tresa-2/
- Traditional ways of Selling your home - Full service Option.
Traditional ways of selling your home is no different except that the Commissions normally charged are higher and these plans involve the Sales Person taking responsibilty for all responsibility and task involved including Marketing and promoting thr sae of your home. Toronto Real Estate is happy to provide full services to a Seller after haolding detailed discussion with Sellers. Click here to set up time for a quick meeting.
Selling your home is a collaborative effort between the Listing Brokerage and the Real Estate Salesperson. Each home sale must be customized to the Seller's needs. Therefore, the Seller must review the above options to determine the best one.
Step 4: Find out what your home is worth.
There is nothing more important than pricing your home correctly. Selling a home for the right asking price based on its condition and current market value is the best option for a seller. There is no doubt that a Pre-Listing Home Inspection will allow potential buyers to make higher offers.
Fair Market Value is the price one would pay based on the condition of a home and current market conditions. In most cases, buyers are represented by other Realtors who are obligated to share Market Value with them. As a result, pricing a home well is of utmost importance. Read more on how to get an idea on home Valuation.
Yes, first impressions matter.
It’s nearly impossible to replace the initial flurry of interest and activity that a listing generates. Real Estate Agents in your area will want to show the home to their buyers immediately. It is likely that several offers and lots of interest will arise from the price and upkeep of the home, including copies of the Pre-Listing Home Inspection and the invoices for the repairs.
Source: OREA (Ontario Real Estate Association) www.howrealtorshelp.ca