Royal LePage Guide to Selling your Home

“Guide to Selling Your Home” has been prepared by Royal LePage Residential Real Estate to help you in answering your questions about the selling process.  It outlines the steps that will help you to obtain the best results when you list your property for sale.

Understanding Market Conditions

The real estate market is always changing.  It helps to understand how market conditions can affect your position as a seller.

Your Royal LePage Realtor can tell you the market conditions at the time you are considering selling your home.

Pricing your Property

The single most important decision you will make with your Royal LePage Realtor is determining the right asking price for your property.

Once you’ve achieved a realistic sale price, you can count on your property being professionally marketed and promoted to bring more buyers to your door.  You can also expect to sell your home for the best possible price in the least amount of time.

The Benefits of Pricing Right.

  1. Your property sells faster, because it is exposed to more qualified buyers.
  2. Your home doesn’t lose its “marketability”.
  3. The closer to market value, the higher the offers.
  4. A well-priced property can generate competing offers.
  5. Realtors will be enthusiastic about presenting your property to buyers.

Signing a Listing Agreement

The first formal step in marketing your property is to enter into a Listing Agreement – a contract that commits Royal LePage to actively market your home for a specified period of time.  It also commits you to a pre-established marketing fee that is to be paid upon the successful closing of the sale.

Your Royal LePage Realtor may require the following Documents:

Plan of Survey of Location Certificate: A survey of your property which outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties.  This may be required in certain areas to complete the sale of your home.  Your legal professional may recommend that you obtain a survey, especially if significant changes have been made to your property.
Property Tax Receipts: Most Listing Agreements require that the current annual property tax assessments be shown.
Mortgage Verification: Few homeowners know the exact balance on their mortgages as it is paid down.  You will be asked to authorize your mortgage lender to provide the figures required.
Deed or Title Search: This document is a legal description of your property and proof that you own it.
Other Documentation: In some instances, it may help the sale of your property if you can provide prospective buyers with information on such items as annual heating, electrical and water expenses, as well as any recent home improvement costs.
Note: In many provinces, you will be required to sign a property condition disclosure statement.

Preparing to Show your Home to Potential Buyers

First impressions are lasting impressions.  You will want to make sure that buyers looking at your home are left with the best possible impressions.  Your Royal LePage can help you achieve that goal.

Free detailed brochures available at our office or from our Real Estate Professionals.  Call 250 756 1132 or click here to contact us.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.