FAQ by Sellers

Q: Should I sell or buy first?

A: There a many factors to take into consideration and every situation is different. The answer depends on the current market you are dealing with and your tolerance for risk; are houses selling quickly – can you bridge financing costs – are interest rates rising – do you want a fixer-upper?

Q: How much does it cost to sell a house?

A: While budgeting for the sale of your home, you should consider the costs of prepping and staging, legal fees, the potential for a mortgage penalty and real estate commission.

Q: Do I have to put a ‘for sale‘ sign on the front lawn?

A: Not everyone feels comfortable with a ‘for sale’ sign and that’s okay. However keep in mind that exposure is key in the time it takes to sell your home along with getting that top dollar you are hoping for.

Q: Should I get the house pre-inspected?

A: We believe it’s a vital step in getting top dollar for your home. By providing a written report on the condition of your home to potential buyers, you eliminate any doubt and make them feel confident to make an offer. You’ll also be able to fix any problems before you list and reflect any that you don’t want to fix in the asking price.

Q: Do I need to have an open house?

A: Open houses are not required however, we think it’s a great opportunity to showcase your home, making it an easy way for buyers to view it. P.S. don’t think of your neighbours as nosy, they just might have a best friend or close family member that wants to live nearby.

Q: What is a bully offer?

A: As the name suggests, the buyer tries to bully the seller into looking at their offer by registering it before a set offer date and without a lot of time to respond. Generally the price is well above ask in order to give you incentive to accept it. You are not obligated to accept or even look at the offer. Legally your agent must inform you that an offer has come in and it’s up to you what to do with the offer!

Q: What happens if the buyer’s condition(s) are not met?

A: If the deal crumbles because a condition could not be met then both parties must sign a waiver. This waiver releases the buyer from the offer, the deal will not close and the deposit is returned without penalty.

Q: Why isn’t my house selling?

A: There could be a few reasons why your house isn’t selling. A few questions to ask: Is it priced right? Is it being marketed effectively? How well does it ‘show’ to potential buyers (does it need to be cleaned, painted, decluttered)? Has the market changed?

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