Step By Step Guide To Selling Your House

Step By Step Guide To Selling Your House

Sell A Home FastOnce you have decided to sell your villa, townhouse or vacation home, there are a lot of things to keep in mind. We guide you through sales – step by step. First thing you need to get your property listed on MLS Regina SK.

1. Evaluate

The value of the house

Before selling your house, you probably want to know what you can do for it. Which of course also gives an indication of what you will be able to afford to move to. The value of the house is determined by many different factors. Location, style and condition are just a few. Different ranges vary in popularity, which affects the supply and therefore also the price. You can also turn to a broker for a valuation. Many brokers offer free values ​​without connecting you to anything.

2. Choose a broker

There is no requirement that you hire a broker when you sell your house but there are many things to keep in mind – such as valuation, advertising, viewing and contract writing – and by hiring a trusted broker, you reduce the risk of problems.

When choosing brokers, trust and local knowledge are important factors. Feel free to meet some different brokers and look at how they present their other items to determine what’s best for you. Notify the broker about your terms of sale – such as if something is not included in the sale and what you intended for the date of entry.

Find a broker in your area or if you need some tips.

Obtain facts about the house

All documents such as drawings, mortgages, information about waitresses should be picked up. Most real estate agents will present a questionnaire for you to fill in. Be careful when you fill in the list and try to put yourself in the buyer’s chair, the more information your buyer has, the safer will be your business.

What is included in the purchase?

When selling a property, the provisions of the Code are applied. Local rules what separates real estate – that is, property accessories and building accessories – and thus belong to the house – from movable property. Examples of property accessories include flagpole, mailbox and dryer. Building accessories can for example be bathroom cabinets and blinds.

There may be limit cases about what is considered as building accessories or movable property. Then you should agree on this in writing. If you as a seller want to make an exception for any fixed accessory, this may be possible, but only if you and the buyer agree and if it is included in the contract. Please discuss this in more detail with your broker.

Hidden errors

You who sell a house bear responsibility for any hidden errors and may be liable for these for ten years after the purchase.

There are three criteria that an error can be invoked as a hidden error:

  • The error must have existed at the time of purchase.
  • The error should not have been detected in a careful investigation
  • The error should not be expected based on the age, condition of the building and the attached information received by the buyer.

In order to protect themselves against this obligation of compensation, many home sellers sign a seller liability insurance – also known as hidden-fault insurance – when the insurance company takes over the seller’s liability. The prize is quite high but is often considered to be worth its price, since hidden errors are often about construction technical errors that can be extremely costly.

The second way for sellers to protect themselves from hidden mistakes is to include a disclaimer clause in the contract. You can then expect the purchase price to be lower.

Pre-inspection

The speculator who wants to buy your house is likely to want to make an inspection with the help of the inspector – in order to get a clear white on the condition of the residence. But it is not uncommon for even sellers to pre-check their house.

Energy declaration

In connection with a house sales, you as a salesman need to make an energy declaration. The energy declaration shows how much energy your house consumes and is performed by an independent energy expert. You can often get suggestions for energy expert from the broker, from the energy consultant in your municipality or through the Boverket. Through the energy declaration, your house gets an energy class, from A to G, which makes it comparable to other houses.

If you have not yet made an energy declaration in connection with the sale, the buyer has the right to order such at your expense no later than six months after the house has been taken over.

Sell A Home

4. Choose the right promotion

Together with the broker, you decide how and where your house will be marketed. Ads in local press and the broker’s own website and shop windows are examples of common marketing channels. Sometimes, messages to speculators are also made in the broker’s eventual register.

5. Prepare for viewing

The Broker will provide a written description of your house – an object description – where also the possibilities of your house can be presented to future owners. Here, all tasks must be included – surface, heating, operating costs, etc. If you are not completely sure of the surface, the house may need to be re-measured. It should also clearly state what is included in the purchase.

You must be extra careful to make sure everything in the description of the object is correct. If something is wrong, you will be liable for future liability.

That the pictures make justice to your house is of course important. If you sell your house in winter, it may also be good to have an extra summer image showing the garden in bloom.

Homestyling

Exactly what you need to do in front of a view is hard to dictate. Some enjoy a more thorough cleaning and window cleaning, others focus on a little more ambitious refreshment of the house and hire a home stylist. A home stylist can see the house with new eyes, suggesting, for example, moving away bulky furniture, adding lighting or sitting in the garden.

Whether you or someone else does the job, it is of course always wise to remove everyday and too personal things like photos, paper, sportswear or outerwear.

Sometimes there may be reason to easily redecorate selected areas, like painting a broken list, replacing a wrong handle or making a dripping crane. You decide on your own or in conjunction with the broker what is worth doing for the residence to be displayed from his best page.

6. Display

Determine the broker when the display will take place. Often it owns a room during a weekend and maybe another evening in the coming week. The broker is the responsible person in place and has a list of interested ones writing up. You who sell will be informed of how the display has gone right after. If there are too few people on display, additional impressions may occur.

Different types of views

There are different types of views, but an open view is most common. It usually lasts for a few hours and it is open to everyone to come. Some brokers have a register of speculators that can be invited to preview. In some cases, notification of the display may be a requirement. You as a seller can also request that your property be shown only privately.

7. Bidding

Many bids – or few

After the show, the broker calls up all who have submitted an interest announcement. If many are interested in the house, it may be a bidding. You may also be faced with having to accept a bid that feels too low. It’s good if you prepare yourself in advance by thinking through different scenarios.

A bid is usually sent by telephone, via email or sms and the speculator raises its bid with any amount. During bidding, all speculators are continuously informed of new bids received. Note that the bids are not binding until the contract is signed – even if it is written.

Winning bids

In most cases, it is the highest bidder who wins the deal – but not always. Ultimately, you are the seller who decides who can buy the house.

According to the Real Estate Agent Act, the broker must note bidder, bid, terms and time of bid in a list that both sellers and buyers will receive on the date of access.

Contract

8. Enter contract

Contract writing is usually done at the broker’s office. Only when the contract is signed is the transaction ready. Make sure you have a clear picture of what’s included in the sales before you sign up. If you have not hired a broker, it may be good to have a lawyer or banker with your contractual contract.

In connection with the contract writing, you agree with the buyer on the date of access – if this is not already done.

Terms of the contract

In the terms of the contract, you and the buyer can enter other reservations as the buyer’s own sale of housing or that the loan is to be granted.

Deposit is paid

After the contract has been signed, the buyer pays a deposit, usually 10 percent of the purchase price.

The house is paid and transferred

The transfer of the accommodation is often done at the buyer’s bank. NI goes through the contract one last time and if everything is correct, the purchase price is transferred to your account. The letter of purchase is signed and witnessed and you leave the keys and all the documents belonging to the house new happy owner.