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Posted 05/20/2022 by Khalid Wafa

6 Important Steps to Sell a House in Ontario without an Agent


6 Important Steps to Sell a House in Ontario without an Agent

You may be overwhelmed if you’re researching how to sell a house in Ontario. There’s a lot you should know. Do you know the commission paid to a real estate agent is typically 3-6 percent of the sale price of a house? This can quickly build up to a significant sum of money. The average property in the GTA sold for just over $800,000 in 2019, which means the commission could be as high as $48,000. Who wouldn’t be tempted to sell their own house in order to save that much money?

The good news is that it is completely feasible to sell your own property. Follow the below steps to sell your house direct in Ontario,

How To Sell Your House Direct In Ontario?

A private sale involves numerous extremely complex stages. Let’s get this started:

1) Prepare the paperwork

Before the sale, you’ll require a stack of documentation. Begin by gathering your property deed, mortgage paperwork, tax assessments, and other important documents, you‘ll need them later.

2) Increase the Value of Your Home

A little effort may go a long way. Begin by determining what needs to be repaired, restored, or replaced in your home. Painting the home, changing lighting, repairing the roof, and removing odors from the property are some options (mainly from pets and children). Doing this gradually boosts your property prices.

3) Determine the Market Value of Your House

Note down the dimensions of your property, the year it was constructed, the number of bedrooms and bathrooms, and any modifications or renovations that have increased its curb appeal and value.

To sell your house direct in Ontario,  begin investigating house listings in your neighborhood or nearby areas, as well as how much a property like yours often sells for. You should develop an assessment of the value of your house.

4) Promote Your Property

Take a lot of shots of your home that highlight its best aspects. In each photograph, use bright, natural lighting. It would also be beneficial if you create a really an interesting and informative description of your house that clearly targets your prospective buyer. After that, begin your advertising campaign!

List your house on various websites, including SYHY to sell your house direct in Ontario. You should also publish classified advertising in your local paper and display a ‘For Sale’ sign in front of your house to let everyone know you’re selling.

5) Display Your Residence

Make your home ready for open house viewings. Make sure your home is clean, odor-free, and ready to shine. You want prospective buyers to feel welcome and at ease in your house, so let them ask all of the appropriate questions. Schedule times that are convenient for you, but also consider the buyer’s preferences, because they are the ones who are purchasing the home!

6) Reviewing and Accepting Offers

When the buyer makes a move and proposes a price, give it some thought. Consider the price provided and how it matches your own property’s worth. You may always bargain with them for a better deal. Accept the deal if you are pleased with it! However, keep the following sale facts in mind before sell your house direct in ontario:

  • The amount of the deposit )
  • The terms and conditions that the buyer and you must meet
  • The date of the deposit
  • The closing date and costs

Take all of this material to your real estate lawyer. They are critical to completing the deal and avoiding misunderstandings or issues for both parties. Selling your home on your own in Ontario may be a time-consuming and complicated process. If you have the time and energy to handle sell house without agent in Ontario, it will undoubtedly be worthwhile in the long term.

Source URL: https://bit.ly/3wzdMiq 


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Khalid Wafa

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