Many people don’t realize that listing your home for sale is not quite as simple as putting a for sale sign on your front lawn. There are several steps in the process, and if your circumstances allow, it can be a great idea to begin the undertaking a few months before you actually want your home to hit the Comox Valley real estate market. Here are some of the top things you can expect to do when considering listing your home for sale.
Look for a Qualified Real Estate Professional
Having a qualified real estate professional will make the entire process of selling your home much easier for you. Choose a trusted agent with in-depth local knowledge and a commitment to helping you achieve your unique real estate goals. You’ll want someone who is dedicated and driven to providing exceptional customer value, communicates well, and can confidently answer your questions. Your real estate professional will help walk you through the additional steps below.
Prepare Your Property
The current condition of your home will determine how much prep work is involved with getting your property ready to hit the Comox Valley market. You’ll want to focus on what will help add value to your home, so you can get a good return on your investment (ROI). According to the 2021 RE/MAX Renovation Investment Report, 59% of Canadians said they always consider the ROI that a renovation will have on their home’s overall market value. With that in mind, and depending on the renovation budget you have to work with, the top three home renovations that pay off on resale are 1) updating your kitchen, 2) overhauling your bathroom, and 3) adding a fresh coat of paint to your walls.
Determine Your Listing Price
Price is the number one factor that most home buyers use in determining which homes to view. There are a multitude of factors that determine the asking price of your home. A residential specialist has the tools necessary to compute the fair market value of your house quickly and accurately while allowing for personal considerations. Based upon the current real estate market and comparable properties that have recently sold in your area, your REALTOR® will help you consider a list price for your home. The listing price is simply an amount that lets potential buyers know what you’re looking to receive; they can choose to offer you less, or best case scenario, offer you more!
Understand the Offer Process
Your real estate sales representative will present you with any offers received for your home. From there, you have a few options; you can choose to accept the offer as is, you can counter back to negotiate the details, or you can decline the offer altogether. Your agent will help you work through the process and the terms of each offer, but ultimately, the decision is yours when considering what is best for you and your family.
This is just the tip of the iceberg for what to expect when listing your home, so it’s important to have support along the way. A qualified real estate professional's goals should be the same as yours; to get you the most amount of money possible, to sell your home as quickly as you can, and to make selling your home a pleasant and profitable experience for you. When you want to list your Comox Valley home for sale, the Bryce Hansen Team is ready to help – connect with us today!