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TechnologySelling your home? Here’s what you need to know: Ask Joe

19:06  03 february  2019
19:06  03 february  2019 Source:   thestar.com

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Here are some tips and suggestions to help you get ready to sell your home or investment property Set a reasonable asking price. Pricing your home correctly from the start is extremely important. You can use this guide to help you find the right questions to ask when talking with a real estate agent.

So, if you are still asking yourself, “can I sell my home myself?” The answer is yes, you can, but it will take You also need to consider the fact that closing costs go with selling a house. These can vary and Three things you need to know before you sell your home yourself. As you probably already

Selling your home? Here’s what you need to know: Ask Joe© Provided by Toronto Star Newspapers Limited You can sell your own home, with a “mere posting” limited services arrangement.

I’m getting ready to sell my home, and I’m thinking about handling it myself. Is there a way I can get it listed on Realtor.ca?

The short answer to your question is yes — you can arrange for a real estate brokerage to post your listing on the Multiple Listing Service (MLS), and then personally perform most of the services that are usually handled by a brokerage. It’s known as a limited services arrangement, or “mere posting.”

Selling your home on your own is not an easy endeavour. It can take up a lot of time and require some specialized knowledge. Do you know how to market your home and arrange showings, other than putting a sign out and hoping interested buyers stop by? Do you understand the rules around what you are required by law to disclose to buyers, such as defects? Are you skilled at negotiating deals, and reviewing offers? Do you know how much you can realistically expect to get for the home and can you set a listing price that’s realistic and attractive to buyers?

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Be sure to take some essential home selling steps before signing a listing agreement if you want to get top dollar. It's always smart to prepare a home selling plan before you start making repairs or marking a date on your calendar for Here ' s What You Need to Know to Cancel a Listing Contract.

Here is a quick glance at what is coming out Saturday, October 7th: Manage one listing going If Joe Main street gets access to all properties now, they will start to have a perception “why do I need a People can ask whatever they like for a property what interests me is what they actually sell for, if you

Real estate brokerages vary when it comes to the services they provide; you may have to shop around for the one that will best suit your needs. If you do enter a mere posting agreement, the brokerage still has an obligation to ensure the information presented in the listing is accurate, and not misleading or deceptive, so you can expect a brokerage representative to confirm the information you provide, along any claims you make about square footage, renovations, and other key features.

There’s another reason to sell your home through a registered real estate brokerage: security. Real estate salespeople, brokers and brokerages must register with the Real Estate Council of Ontario (RECO) in order to practise their profession. Registered salespeople and brokers are required to:

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Here ' s how to know when the time is right to sell your house. Almost every day, someone calls The Dave Ramsey Show to ask Dave if he thinks they're ready to buy a home . But there's another side of homeownership that doesn't get as much attention: When are you ready to sell your house?

Here are some of the basic rules And if the seller’ s brokerage wants to include pertinent details of the transaction, such as the selling price or the closing date, it needs written permission from both the buyer and seller, regardless of who owns the home when the advertisement is published.

  • Complete courses before they can enter the profession, and then keep their knowledge up-to-date by taking additional courses every two years;
  • Comply with the Real Estate and Business Brokers Act, 2002 (REBBA) and its Code of Ethics, which are enforced by RECO;
  • Maintain consumer deposit insurance, which protects your deposit in a real estate transaction against fraud, insolvency, or misappropriation.

If you’re relatively experienced in buying and selling properties, and you’re considering using just the posting option, I still recommend discussing the matter with a salesperson, and with a lawyer who is insured to practise real estate law, since you will need one to finalize the transaction.

But if you don’t have much experience, and you’re unsure of your responsibilities as a seller, you should ask yourself selling your home without the support of a trained professional is really worth the risks. Unlike other do-it-yourself projects, real estate transactions involve legally-binding contracts and large sums of money.

If you have a question for Joe about the home buying or selling process, please email [email protected].

Joe Richer is registrar of the Real Estate Council of Ontario (RECO) and contributor for the Star. Follow him on Twitter: @RECOhelps

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