Instagram Facebook Google Linkedin

Call Now : (416) 999 4554

Get Free Home Evaluation
Property valuation. Selling housing for money or barter. Calculate the mortgage cost. Reduce maintenance costs.

Steps to Selling a Property in Ontario

1. Assess the Market and Determine the Right Time to Sell

It’s important to evaluate the local real estate market before listing your property. Consider:
  • Current market conditions (is it a buyer’s or seller’s market?).
  • The best time of year to sell.
  • Your financial situation and goals

2. Hire a Real Estate Agent

Choosing a realtor with local expertise is crucial. Your agent will:
  • Provide a comparative market analysis (CMA) to determine the value of your home.
  • Advise on the listing price.
  • Help you navigate the entire selling process.

3. Prepare Your Property for Sale

First impressions matter! Take the time to get your home in tip-top shape:
  • Declutter and deep clean every room.
  • Consider staging your home to showcase its best features.
  • Make any necessary repairs or upgrades (painting, minor repairs, etc.).
  • Boost curb appeal by tidying the yard, trimming the lawn, or adding fresh flowers.

4. Set a Competitive Listing Price

Your agent will help you set a price based on:
  • Recent sales in your neighborhood.
  • Current market trends.
  • The condition and location of your property.
Effective marketing is essential to attract the right buyers. Your agent will:
  • List your property on the Multiple Listing Service (MLS).
  • Use professional photography and virtual tours to highlight your home’s best features.
  • Advertise your listing online (real estate websites, social media, etc.).
  • Arrange open houses and private showings.
Once buyers start submitting offers, your agent will help you review them. Key factors to consider include:
  • Offer price.
  • Conditions (financing, inspection, etc.).
  • Buyer’s deposit.
  • Closing date.
You may need to negotiate with potential buyers to get the best possible deal. Common points of negotiation include:
  • Price adjustments.
  • Removing or modifying conditions.
  • Timeline for closing.
Once you agree on the terms, you’ll accept the buyer’s offer. At this point:
  • Both parties will sign the Agreement of Purchase and Sale (APS).
  • The buyer will provide their deposit.
Your lawyer will handle the legal side of the sale, ensuring:
  • The title of the property is transferred correctly.
  • All legal documents are accurate and signed.
  • Any outstanding issues, such as liens or unpaid taxes, are resolved.
As the closing day approaches, you’ll need to:
  • Confirm the buyer’s financing is in order.
  • Move out of the property by the agreed-upon date.
  • Provide the keys to the buyer’s lawyer.
On the day of closing:
  • Your lawyer will receive the balance of the purchase price from the buyer’s lawyer.
  • The title and keys will be transferred to the buyer.
  • Any remaining costs, such as legal fees and real estate commissions, will be paid.

Get Your Free Home Evaluation

Nitish Tandon, a Toronto-based real estate expert with a finance background, offers transparent, expert guidance for seamless buying, selling, and investing.

Instagram Facebook Google Linkedin

Quick Links

Get Your Free Home Evaluation

Copyright 2024 © NitishTandon.com | All Right Reserved

Our Team Will Connect you soon

Success
Thank you! Form submitted successfully.
This field is required
This field is required
  • Want To Buy
  • Want To Sale
  • Just Exploring
This field is required
Call Now
WhatsApp Now