UNDERSTANDING THE SELLING
PROCESS
No two real estate transactions are ever the same. Mary has a condo;
Bill has a duplex; Tom has a hobby farm ..... each one of these properties
has its own unique set of issues to be considered in order to complete
the real estate sale.
Once you've come to the decision to sell your property, you must decide
if you want to try to sell it yourself, or work with a real estate agent.
You then have the task of selecting the person that will best suit your
style to help you sell. For some sellers this decision will be based on
the commission that the salesperson charges. For others it will be the
personality fit (and for the sake of half a percent or one percent, the
personality fit and or experience level of the agent may well be worth
paying in order to get someone that you connect with, and that you feel
is going to work best for you).
The real estate sales person that you select should also be knowledgeable
about your property type, whether its a condo, a duplex or a hobby farm!
The following link will take you to a separate webpage that outlines
the selling process in very good detail. Although based on the U.S. process,
I found that the majority of the text is well in line with how the process
also works here in Ontario. Click
here to view the selling process.
Here is the overview of the Selling Process in Ontario:
1) Choose a Listing Agent
2) Get Home Ready for Sale
3) Figure Out How Much Your Home is Worth
4) Market Your Home
5) Show Your Home
6) Receive Purchase Offers and Negotiate
7) Conditional Sale or Sold Firm
8) Appointments Scheduled for Home Inspection or Appraiser
9) Cooperate for Home Inspection
10) Buyer May Negotiate Request for Repair
11) Completion of Sale on Closing Day
Please note that there are a lot of forms that are required to be filled
in for the sale of a property. You should never feel that you are signing
something that you don't fully understand.
To get an explanation of the Ottawa Real Estate Board's forms used in
a real estate transaction please check out the following link:
If you are interested in a further understanding of the Selling Process,
please contact Pat directly at 613-433-6569.
