A Step By Step Guide To Listing Your Home

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE
https://activerain.com/droplet/59HK

SELLING MISSISSAUGA REAL ESTATE 

Listing your home for sale is a major decision, and probably the largest financial transaction you will make.  Leave it in the hands of a trained real estate professional.  There is much more to selling your Mississauga home than installing a for sale sign on the front lawn.  Please browse through the information below which hopefully you will find useful when it is time to  list your Mississauge Home For Sale.

Listing Your Home In Mississauga  

The first step toward putting your home for sale is to meet with your Real Estate Agent at your home.  This meeting is referred to as the "Listing appointment."  Beforehand, it's also important to understand "who's who" and how brokers may co-operate to sell your home.

Listing Broker

An individual real estate agent whom the seller hires to represent themselves through a contract is called a Sales Representative. The listing Sales Representative is associated with the listing brokerage. The listing brokerage is paid the listing commission directly and then splits the commission with the listing Sales Representative.

Selling Broker

The Selling Agent is an individual who produces a buyer for the property and divides the commission with a listing broker. Such a transaction is considered a "cooperative" sale because the house is listed by one broker and a buyer is provided by a second broker.  If the listing broker also produces the buyer, then the listing broker receives both listing and sellng sides of the commission.

A  Little Homework

Before the listing appointment, both the home seller and the listing Sales Representative have some homework to do. While the home seller collects a list of documents requested by the Sales Representative, the listing Sales Representative studies recent area sales of homes comparable to the seller's, and also comparable homes currently for sale.

Your Home's Special Features

At the listing appointment, the listing Sales Representative will want to inspect the entire home and yard to become familiar with its special features and exact floor plan. You have probably enjoyed living in your home and have been pleased with its many unique features. Your listing Sales Representative will want to tell prospective buyers about the special features of your home and community. Be ready to be specific about schools, churches, daycare, nearby metro, and other desirable community features, as well as home features not readily apparent.

Remember, prospective buyers will be "comparison shopping" and keenly aware of subtle differences in homes for sale in the area. Be sure to tell your listing Sales Representative why yours is special, from any home remodeling to afternoon winter sunshine.

Property Profile Finder

To enable the listing Sales Representative to prepare a ‘Highlight Sheet’ on the property, the home seller needs to provide a number of documents and information specific to the location and jurisdiction. This ‘Highlight Sheet’ is often left in the home for the convenience of prospective selling Sales Representatives. Because the list is long, you can understand why it's best to collect the papers before the listing appointment. These materials may include:

Pay-Off Notice

A letter signed by the home seller and mailed to the lender by the listing broker to notify the lender of the intention to pay off the mortgage in order to minimize prepayment of interest penalties to the seller. (Home seller should provide the broker with the lender's address, loan balance, assumability, years remaining on present mortgage, PITI. and the interest rate, if possible.)

Septic and Well Inspection

If your property is on septic/well, current inspections by local health authorities are required while the home is occupied. The listing Sales Representative will usually arrange for inspection after the contract is approved.

Order Lender Appraisal

Lenders usually require an appraisal to assure that the property is adequate collateral for a loan. Appraisal may be ordered before (paid by seller), but is more often done after an "offer to purchase” is accepted (paid by buyer).

Assessments/Easements

The listing Sales Representative will ask the home seller if any tax assessments or easements exist on the property that must be paid or included in the purchase contract and passed on with the land when sold.

Property Taxes/Condominium Fees

The home seller provides a record of property tax or condominium fee payments which the buyer will reimburse on a prorated share to the home seller at settlement.

Inspections

Many lenders of new mortgages may require an inspection certificate that shows the house is free of major defects.

The home seller should also provide a record of the past 12 months’ utility bills, including gas, electric, sewer, water, and trash where applicable. Most buyers will want to know the history of utility costs.

Helpful Documents

If possible, the home seller should provide the listing Sales Representative with the deed, house location survey, condominium bylaws or home owners association documents, subdivision map, house floor plan, previous title search abstracts, legal description of property (subdivision, section and lot), warranties on major systems or Home Owners Warranty, if still in effect, and copy of home owners insurance policy for endorsement in purchase contract.

"What Conveys"

In anticipation of a buyer's offer, the home seller must be ready to supply the listing Sales Representative with a specific list of the personal property that is included in the real estate property for sale. Examples of items to "convey" may include: draperies, drapery rods, remaining heating oil, firewood, washer, dryer, refrigerator, stove, microwave, disposal, swimming pool chemicals, awnings, storm doors and windows, screens, blinds, shutters, window air conditioner, etc. Home seller should tag or remove items which do not convey.

When the home seller is ready to put the home on the market, the listing agreement is filled out indicating a specific period of time the agreement is in effect ("listing period"), and signed by the seller. You've now hired a listing broker.

Comparative Market Analysis - 

Maximizing Market Value

Preparing a Comparative Market Analysis (CMA) is an important tool Sales Representatives use to help you earn the highest possible price for your home. A CMA involves looking at the public records of real estate business in your community to better understand market conditions.

There are four steps your Sales Representative will take in preparing your home’s CMA:

  1. Your REALTOR® will consider the amount paid for at least 3 recently sold homes in your community. These homes will be comparable in size to yours and together comprise a factual record of what buyers will pay.
  2. Your REALTOR® will then consider the asking prices of at least 3 presently listed homes in your community. Because these homes are similar to yours, these homes will be the benchmarks against which your home will be priced.
  3. Your REALTOR® will then consider the asking prices of at least 3 homes in your community that went unsold for at least 90 days. Similar to your home, these homes illustrate the dangers of overpricing your property.
  4. Finally, your REALTOR® will use all the price information gathered to arrive at an ideal asking price for your home.

Benefits of me

 

                      Your Trusted Streetsville|Mississauga 

                                     Real Estate Professional

When you choose me to handle your real estate needs, you are choosing a real estate professional who:

  • cares about you and your family

  • will listen to your needs

  • work together with you, and

  • protect your interests to achieve your objectives

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www.streetsvillerealestateagent.com

Experience, Service and Integrity in Every Real Estate Transaction

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Dedicated to providing outstanding service one would expect and deserve from a real estate professional.

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Mississauga and Streetsville Real Estate


When you choose me to handle your real estate needs, you choose a real estate professional who cares about you and your family, who listens to your needs and who will put your interests first and foremost. I will work together with you, protecting your interests, to achieve your objectives.

I have been uniting families and homes for more than 31 years.. Let me put my 31+ years of knowledge and experience to work for you when selling or buying your next home.

 

Proud recipient of the Platinum award for outstanding serivce with a rating of 100% voted by my clients!!

A great experience starts with a great agent !

Helping You Make The Right Move since 1987. 

Call me at (905) 896-4622 or direct at (416) 717-6331

 www.mississaugarealestateonline.com    gvalvasori@gmail.com            

              

 

No part of this publication, may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, or electronic methods, without the prior written permission of the publisher.  Copyright © 2018  Gloria Valvasori, all rights reserved.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Will Hamm 02/02/2018 12:53 PM
Topic:
Home Selling
Location:
Ontario Peel District Mississauga
Tags:
mississauga real estate agent gloria valvasori
mississauga mls listings
homes for sale in mississauga
sell your home in mississauga

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Show All Comments
Rainer
390,369
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

This is a wonderful list to share with sellers.  You have captured how it all works!

Jan 24, 2018 06:37 AM #1
Rainmaker
2,706,962
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great post Gloria Valvasori, Accredited Senior Agent I missed it originally but found it in Will Hamm reblog.

Feb 02, 2018 07:11 PM #2
Ambassador
3,986,094
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This is excellent informations and will help all parties in the transaction. Have a good weekend, Gloria.

Feb 02, 2018 08:01 PM #3
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Good evening Debbie thank you so much for stopping by my blog in for your feedback. You have a good weekend as well

Feb 02, 2018 08:04 PM #4
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Hello Lisa Von Domek glad you stopped by on the second go round, thanks to Will Hamm .  Thanks again Will... and thank you Lisa for your feedback

Feb 02, 2018 08:07 PM #5
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Anna Hatridge , thank you so much for stopping by and for your feedback... I tried to make it easy for consumers to understand the process..

Feb 02, 2018 08:08 PM #6
Ambassador
4,386,945
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Gloria

This is wonderful reading on key issues for those who are considering selling their homes. There's a lot to know and many getting ready to sell, especially the first time, are uninformed.

Have a great weekend!

Jeff

Feb 10, 2018 04:43 PM #7
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Hi Jeff Dowler  thank you so much for taking the time to read this post.. and thank you for your positive feedback.  Much appreciated.

Feb 10, 2018 04:53 PM #8
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Rainmaker
577,189

Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
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