Looking to sell your home in the shortest amount of time, for the highest price, and with the best possible terms? This can be a daunting process, but our home selling guide helps break down the process and eliminate the uncertainty of what the process looks like.
Prior to listing your home for sale, it is essential that you reach out to your mortgage provider to discuss your mortgage details such as mortgage cancellation fees, ability to port current mortgage, or to increase your mortgage amount if you are upsizing.
Step By Step Guide
Hey There!
- FINTRAC, DORT & Privacy Forms
- Walkthrough & Property Assessment
- Home Selling Overview
- Pricing & Expectations Assessment
- Selling Expense
- Listing Prep
Listing
- Documents – CPS, PDS, DRPO, Privacy Protection, Latent Defect
- Included / Excluded Items
- City Document Request Form
- Strata Request Form
- Tenancy Information, if required
Marketing
- Comprehensive Digital Marketing Package
- Virtual Staging / Decluttering
- Social Media Marketing
- E-Newsletter
- Custom Designed Feature Sheets
- Local Realtors
- Sneak-Peek, Showings & Open Houses
- The Oakwyn Realty Advantage
Offer Negotiation
- Offer Review and Presentation
- DERP Form
- Negotiation of Price, Dates & Terms
- Counter-Offer / Acceptance
Subject Removal
- Possible Renegotiation
- Subject Removal Addendum
- Deposit
- Lawyer / Notary Selection
- Book Movers and Cleaners, if required
Closing – WOOHOO!
- Cancel / Move Utilities, Cable & Internet
- Cancel Strata Payments, if required
- Signing Appointment with Lawyer / Notary
- Completion Date: Money & Title Transfer
- Possession Date: MOVE IN!
Follow Up
- Market Updates & E-Newsletters
- Assistance with future Real Estate Needs
- Referral Program
Home Selling Expenses
Real Estate Commission
When you are selling your property, you will need to pay a commission to the Listing and Selling Agents. A typical commission is 7% on first $100,000 and 3% on balance of the Purchase Price plus 5% GST. This amount is shared amongst the Listing and Selling Agents, and their Brokerages.
Lawyer / Notary Public
You will need to use the services of a Real Estate Lawyer or a Notary Public to transfer the Title of the property to the buyer. They will also prepare a statement of adjustments for you. The cost varies, and can range from $1,500-$2,500.
Mortgage Fees
It is important to check with your Mortgage Provider to determine if there will be any costs associated with transferring or releasing your mortgage. Depending on the type of mortgage you have, and your lender, discharge fees may apply.
Property Tax & Utilities
You will be responsible for paying a prorated amount of the Property Taxes and Utility Bills. This amount is based on your completion date and will be reflected on the statement of adjustments.
Moving Costs
Moving costs can vary based on location and the amount of possessions you have. If you are moving yourself, you should consider the cost of a rental vehicles and moving supplies.
Move Out Cleaning
It is the seller’s responsibility to leave the premises clean and free of all debris and garbage. However, it is always a nice touch to have the property professionally cleaned. Cleaners tend to book up quickly, so be sure to make arrangements as soon as you have a firm contract.
