What Do I Need To Do To Sell My Edmonton Home?

what i need to do to sell my home

Selling your home involves several steps to ensure a successful and smooth process. Here's a general overview of what you need to do but you will want to investigate each step more thoroughly then what is included in this brief outline.

Prepare Your Home

Clean and Declutter: Clean and organize your home to make it more appealing to potential buyers.
Minor Repairs: Fix any minor issues like leaky faucets, broken tiles, or chipped paint.
Curb Appeal: Enhance the curb appeal by maintaining your lawn, planting flowers, and making the exterior of your home inviting.

Set the Right Price

Market Analysis: Work with a real estate agent to perform a comparative market analysis (CMA) to determine the appropriate listing price.

Choose a Real Estate Agent
Find a reputable real estate agent to help you with the selling process. They can provide valuable guidance, market your home, and negotiate on your behalf.

List Your Property
Work with your agent to list your home on multiple listing services (MLS), online real estate websites and other marketing channels.

Be prepared for potential buyers to visit your home. Ensure it's clean and well-maintained for showings.

Negotiate Offers
Review offers with your real estate agent and negotiate terms, including the sale price, closing date, and any contingencies.

Accept an Offer
Once you've accepted an offer, sign the purchase agreement.

Home Inspection
Most buyers will conduct a home inspection. Be prepared for any necessary repairs or negotiations that may result from the inspection.

The buyer's lender may order an appraisal to determine the value of the property. Ensure your home is in good condition for the appraisal.

Legal work
Work with a local lawyer who will handle the closing process including the transfer of title, tax adjustments, mortgage payouts and transfer of funds. They will ensure all legal requirements are met.

Final Walk-Through
Before the closing, the buyer will often do a final walk-through to confirm that the property is in the same condition as agreed upon.

This is typically the possession date. The date in the contract when money and title are transferred.

Move Out
Usually you will need to be out of the property with all furnishings and personal belongings removed and the property left reasonably clean by noon on the closing date.

Transfer Utilities
Notify utility companies to transfer or close your accounts, and inform the new owner about utility providers.

Notify Important Parties
Inform important parties of your change of address, including the post office, your bank, insurance companies, and any relevant subscriptions or services.

Cancel Homeowner's Insurance
Cancel your homeowner's insurance policy only once your lawyer has confirmed that the title to the property is no longer in your name.

Keep Records
Maintain records of all documents related to the sale for tax purposes if applicable.

It's essential to work with a qualified professionals like Edmoton realtors, lawyers, etc. to guide you through the process, as selling a home can be complex, and local regulations and procedures can vary. They can help you navigate the legal and financial aspects of the sale and ensure you get the best value for your property.

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