Guide to Selling a House in London Ontario

Selling your house does not have to be the stressful and exhausting task many make it out to be. If you do your research properly and execute a well-thought-out plan, selling a house can go smoothly with little to no ruts.

Use our guide to sell a house in London Ontario. With our tips and tricks, you will be able to sell your house at the best value. Further, there won’t be any surprises when the time comes to sell.

Research House Values in Your Area

First and foremost, your home is likely your biggest asset. Do your research. Look up houses similar to yours in your area. Draw up a reasonable price range that you can expect your house to sell at. This info can not only help you sell but help you plan to buy or rent your next home.

When is the Right Time to Sell?

If you are in a rush to sell, this may not matter. However, if you have time, analyze the pros and cons of selling at different times of the year. In spring, there are more options for buyers, but the competition goes up for sellers. Houses, also, tend to show better in the nicer weather. On the other hand, the winter can sometimes be prime for the sellers since there are often fewer houses on the market. Check with your local real estate agency, such as Team Forster, to determine a good time to sell.

Choose A Realtor

Realtors can help you determine a fair price. You can compare your realtor’s suggested price to your researched price to help you decide if you have chosen the right person to help sell your home. A realtor can also aid in finding the best time to sell, can list your home on various sites, find ways to increase the value of your home, organize the showings, and help with the legal paperwork. They can take you through the process step-by-step. Make sure you choose a realtor with experience, such as one of our experts at Team Forster.

Selling A Home In London, Ontario

Showcase and Market Your Home

If you hired a realtor, they would help you out with this. Generally, clutter should be reduced, and the home should be depersonalized. Check out listings online and see what others have done for inspiration. The house should look clean and spacious. Certified home stagers can, also, be hired to help in this respect. They will make suggestions as to where furniture can be moved and what colours look more aesthetically pleasing. Find places online or in local listings to market your house. Let people know you are selling. Your real estate agent may, also, be able to help you in the respect.

Get Ready for Showings and Open Houses

Be prepared to have to be out of the house for hours at a time for viewings and open houses. You want people checking out your listing. No one is going to buy without first seeing the house itself.

Other things you should be aware of when selling include:

  • Know the costs. These can include legal service costs, a mortgage discharge fee, realtor fees, moving costs, staging and cleaning costs, and possible mortgage penalties if you choose to sell before your mortgage is up.
  • Decide if you are willing to go through a conditional sale. A conditional sale depends on the home inspection and mortgage approval for the intending buyers.
  • Gather the right documents. According to the Canadian Government, documentation that may make selling your house go smoothly include deeds, property tax receipts, renovation contracts or agreements, and transferable warranties.
  • Make sure to include it in your taxes. Come tax time, do your research and know where you will have to pay. If it was your primary residence, this might not matter as much. If it was a rented property, you want to make sure you report it properly.

Know what to expect before you sell. Plan ahead. Consult with experts. And happy selling!

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Call or Text Team Forster 519-851-2844 for more information or help to sell your home in London Ontario!

Resources: https://www.canada.ca/en/financial-consumer-agency/services/selling-home.html