Tips For Selling Real Estate In Vancouver
Our real estate lawyers have been observing a shift – and noting implications as they occur – in the Vancouver housing market for the past year. We can say that 2019 will be an interesting year in the Vancouver real estate market, with a trending shift towards a balanced market.
Whether you’re looking to sell your property before further changes occur to the market, or are simply looking for a fresh beginning, we are here to help ensure your transaction occurs without issue and the least amount of hassle.
Choosing The Right Realtor
First and foremost, you’ll need to have an excellent realtor represent your home and strategize a marketing plan. As legal real estate experts, we have a network of trusted realtors that we can recommend, but ultimately you want to work with someone who you can trust, is prompt and has shown results in the past.
Similarly to selecting a notary public or lawyer, choosing the right realtor is the most important step in making a life-impacting decision. The sale of your property ultimately depends on the following factors:
- The price of your property
- The “goodness of fit” of your property with the buyer’s interests
- The condition of your property
- The business acumen of your realtor
Of the above, you have direct control over the condition of your property. The price and goodness of fit of your property are often subject to the market, and you should consult your realtor for their advice here.
Defining A Real Estate Plan
Once you have selected a realtor, they will help you set a price for your property and begin marketing your real estate. They should brief you with a real estate plan as to how they will reach your target audience. Pay close attention to their notes, especially when getting insights on how to best prepare your home.
When trying to sell property, one of the most important steps is the home showing. It’s crucial that you present your property in its best light for potential buyers, and there are multitude of ways to do so.
Preparing Your Property For Showings
From maximizing your curb appeal, to fixing the little things to keep your home ready for a showing at any time, it’s important to keep your property “buyer-friendly” as you’re preparing to sell your home.
Some general tips:
- Reducing clutter will help your rooms feel more spacious.
- Ensure all your rooms are thoroughly vacuumed.
- Personal items, like family photos, may make your visitors feel uncomfortable. Instead, use generic decorations to keep your visitors at ease while keeping your home welcome.
- Create the right atmosphere by ensuring that the thermostat is set to a comfortable temperature – light a fire in the fireplace if applicable, and placing two champagne glasses on a nearby table could help spark an emotion.
You have very little time to make a good first impression, so it’s important to engage your visitors as pleasantly as possible.
Preparing For The Sale
Once you’ve secured an interested buyer, it’s important to ensure that the sale goes smoothly without issue. You’ve worked hard, and are now in the final stages of selling your home. When planning for the sale of your property, you’ll need to employ the services of both a realtor and a real estate lawyer.
Lawyers and realtors also have access to different information. When collaborating, this allows the transaction to go smoother for the client. You’ll want to employ a lawyer earlier on at this stage – the earlier the better – but at the very least, you’ll need a lawyer to help you through the conveyancing process.
During conveyancing, your lawyer will need to provide legal advice as you complete the final contract. Just as you’d need to ensure that you have a top-notch realtor, having an excellent lawyer is just as important! They are responsible for ensuring your hard work translates into funds.
Choose your lawyer as you would with your realtor: ensure they are prompt, friendly and experienced. At Vancouver Downtown Notary, for example, we’ve helped hundreds of clients across the Lower Mainland fulfill their legal needs. We’ve even gained over 100 five-star reviews on Google! Contact our real estate lawyers to schedule an appointment today, and see for yourself if we may be a good fit to help you on your journey.