16 tips to guarantee a successful sale in spring or summer 2016
1. meet with your Realtor to discuss plans and get an up to
date market evaluation and check up on your existing property.
2. establish a well buffered estimate of baseline selling
price for your existing property. This
will help establish net equity in the existing property to apply towards
purchase.
3. calculate all closing costs on selling existing property
and purchase of new property.
4. estimate total costs of ownership for new property
including; taxes, utilities, condo fees, maintenance and any other recurring
costs ie rentals, leases, service contracts etc.
5. Meet with your mortgage broker or bank to review
financial ramifications and build a plan.
6. book a home inspection now to check on all critical home
systems and insure there are no hidden defects.
Inspection may result in recommendation for additional expert review or
service call.
7. invest in a professional Staging consultation to
determine what might be done to show your property to its fullest potential and
what this would entail financially.
8. keep a close eye on properties selling in your own
neighbourhood, so you have an up to date feel for the market and at what price
properties are listing and selling. Your Realtor can set this up for you.
9. Have an auto search set up for properties to purchase in
your desired area, style and price range. Again your Realtor can set this up
for you.
10. Review all items and recommendations coming out of the
Realtor evaluation and Staging or inspections and determine which have the
highest priority and how it will help marketability of the property.
11. Schedule key preparation activities well in advance,
particularly those involving professional trades, as can often be difficult to
find when the spring busy season comes around.
12. Start to depersonalize and declutter now and make plans
for offsite storage, if required.
13. Gather all
paperwork you have that will support a quality listing including; taxes,
utility costs, floor plans, maintenance or upgrades done, manuals and warranty
paperwork, leases or rental agreements (especially hot water tank.)
14. Get all inside
preparation done during the fall or winter, so you can focus on any outdoor work
once weather permits in the spring.
15. Visit existing property listings and open houses to get
an idea of what is available in person, don’t simply rely on online analysis,
as listings and photos may not tell the whole story or do the property justice.
16. Always keep asking:
“…if I found my dream home tomorrow, how long would it take me to get my
current property ready for sale?
For a related post from our blog archives feel free to check
out: “Why buying your second home may be
more difficult than your first”: http://www.oasisrealtyottawa.com/blogs/gord_mccormick/archive/2013/09/08/why-buying-your-second-home-may-be-more-difficult-than-the-first.aspx
Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692
www.oasisrealtyottawa.com
@oasisrealtyOTT
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estate pages…check it out!