A good agent should understand your needs in this case. They should also be able to help you find housing if you’re going to need somewhere else to stay in between selling your house and closing on your new one. The situation lets you achieve the highest selling price for your house and the lowest buying price for your new home. Visit Rocket HomesSM to get a proven real estate agent that’s handpicked just for you. There are several schools of thought when deciding whether to buy or sell a house first, and each person will have his or her own considerations.
Gauging offers – An agent can help discern serious buyers from those who are simply looking. Knowing the value of your house and exercising patience and restraint are key. Get your home appraised; it’s worth the $250 to $500 price tag. In a good market, the sale price can be 10 percent to 15 percent above the appraisal. In a weaker market, the sale price may be around the appraisal figure. We’ll go over how to figure out your sale price in detail later in the article. Alexandra was able to remove the contingency of having a home to sell by using Homewards funds to make a cash offer on a property before it even went onto the open market.
Weeding out casual browsers before they reach the threshold may have lasting appeal, even if it disappoints some house hunters. 3D tours, made using cameras and software sold by companies like Matterport, are also helping buyers and sellers minimize in-person perusing. According to Matterport’s CEO, RJ Pittman, an estimated 10{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} of listings in America currently include one of their 3D tours. Unshockingly, the Silicon Valley veteran is willing to make bold claims about the future. “Houses will be bought and sold online just like everything else,” Pittman says.
Royal LePage has complete real estate listings across Canada. Use the search box to find a home or click a listing below to view Canadian homes for sale.
If your property is distressed or in need of repair, or if you simply don’t want to deal with the hassle of listing and showing it, you can contact a local real estate investor or iBuying company. Most will buy the property as-is, sometimes even sight unseen, closing in as little as two to four weeks. Since there is no seller’s agent, you save money by paying no selling commission; however, if a prospective buyer is brought to you through an agent, you may have to pay the buyer’s agent’s commission. Another important step when preparing your home for sale is getting the property fixed up and “show ready.” Declutter your home — less is more when you’re trying to sell a property.
Yet these glimmers of what the future may look like don’t quell the uncertainty that homeowners are facing. It’s hardly the most urgent problem in the world, but like many of the 65{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} of Americans who own their homes, our house is by far our most important asset. There were spreadsheets of comparable sales in our area that helped us settle on a price in the old times. But this new reality is, in many ways, an incomparable one. Market conditions are favourable – if the property market is buoyant, it could be OK to buy first, as you may be able to sell your current property quickly. You might even plan to line up the settlement dates for the sale of your current home with the purchase of your next property.
Our package includes a free for sale sign but we can also provide you with open home signs, glossy brochures, professional photography, floorplans, and much more. You probably have an ideal price in mind, but, ultimately, at what price are you willing to settle? Do you require a specific amount of money in order to make a down payment on a new home or for car payments? Also keep in mind the fees incurred by the sale process — agent’s commission , closing costs, attorney’s fees and so forth. Factor these numbers into your accounting so that you can have a good idea where you will stand when this process is complete. If you do manage to find a buyer and come to an agreement, congratulations! Local regulations vary dramatically, and though some handbooks have copies of standard contracts, that contract may not be valid in your area.
While your home may feel perfect to you, homebuyers may not appreciate a purple bathroom or three different types of floors. Keeping your home as neutral and updated as possible, with limited personal photos or decor, will increase your odds of getting an offer.
Some people say you should sell first so you’re not stuck with two mortgages at the same time. Others say you should wait to sell later so you’re not in between homes. Buying a house is commonly known as one of the most stressful life events you can go through, but it’s doubled when you’re trying to sell your current home at the same time. The property information on this website is derived from Royal LePage listings and the Canadian Real Estate Association’s Data Distribution Facility . DDF references real estate listings held by brokerage firms other than Royal LePage and its franchisees. The accuracy of information is not guaranteed and should be independently verified.
