Steps for Selling House: STEP 1: Know Cost of Selling Selling a home in Canada, is not just about making money. But you should also consider what it will cost you. STEP 2: Estimate Your Home Value Estimate your home value to understand what your home is worth. STEP 3: Options for Selling Home You have three main options: choose from hundreds of Realtors, sell your home yourself, or sell directly with an i-buyer. STEP 4: Prepare Your Home for Sale Before showing to buyers, prepare your home in sell-ready condition, which means you’ll spend time and money fixing up the home.
STEP 5: Boost Curb Appeal Curb appeal makes a strong first impression. Boosting your home’s exterior can set a positive tone for what the buyer will find inside. STEP 6: Offer Process The average time a home will stay on the market before going under contract will vary between markets. STEP 7: Prepare for the Final Transaction Before the final closing date, you’ll need to locate important home documents, make repairs stipulated in the purchase agreement, and create the official disclosure statements. For infographic, click here

Most people when selling a home, the think about making money. But you should also consider what it will cost you.
The cost of selling a home can catch homeowners by surprise. A portion of your earnings will be spent on buyer and seller agent commissions (typically 2.5% to both agents), along with an appraisal (about $400), repairs to the home, closing costs (about $500-$1,500 for sellers), moving expenses, and staging fees.

You should estimate your home value to understand what your home is worth.
You can now also find out how much an i-buyer (instant buyer) such as Properly would buy your home for by requesting a free offer on your home, fully online. An i-buyer allows you to skip listing, showings, and months of uncertainty.

When selling your home in Canada, you have three main options:
If you choose option 1, hiring realtor then remember realtors vary in skill in the industry; they also vary in commissions. Agent fees in Canada range from 2% to 3%, which has a major impact on how much of your home sale you walk away with. It is essential to choose an agent that gives you the best value but also provides adequate service for the price you pay.

In hot markets and if you want to save agent commission, some homeowners choose option of a For Sale By Owner (FSBO) approach. This means that instead of losing some of your profit to an agent, you take on their responsibilities yourself. However, remember that you still need to pay the buyer’s agent commission and the MLS listing fee. It’s also recommended to get a professional appraisal to set your listing price.

If you’re looking for a mostly hands-free approach that also gives you the best value, an i-buyer might make the most sense. You get a guaranteed offer on your home, no matter its condition, and don’t have to pay hefty real estate commissions.

Most homes in Canada are not in sell-ready condition, which means you’ll spend time and money fixing up the home for potential buyers.
To maximize the efforts of showing and open house and increase the chance of selling your home, put the following tips into practice:

Curb appeal can go a long way in setting the right expectations for prospective buyers. Boosting your home’s exterior with bright flowers, a new mailbox, or freshly washed walkways can set a positive tone for what the buyer will find inside.
You may also want to do a little home staging to make your home more attractive to buyers. Home staging goes beyond cleaning and painting to make your home stand out from others.

I-buyers don’t care about curb appeal or home staging. If you’re using an i-buyer service, you can skip these expenses and hassles altogether.

The average time a home will stay on the market before going under contract will vary between markets.
With an i-buyer you get a guaranteed home offer, with zero risk of the offer falling through.

If you receive an offer on your home, you can either accept the offer as-is, decline it, or make a counteroffer. The negotiation process is a tricky scenario as each party wants to walk away a winner in the deal.

Once both parties have reached an agreement, the offer is documented as a formal contract, and the closing process begins.

Before the final closing date, you’ll need to locate important home documents, make repairs stipulated in the purchase agreement, and create the official disclosure statements.
The seller is obligated by law to disclose any known latent defects in the home, such as mold infestations or other dangers. Under certain conditions, you may be required to disclose if the property has been the site of a marijuana grow operation or if there’s a stigma related to the property (e.g., a murder occurred on-site).