There are 3 types of Listings

• OPEN Listings 
  • The authority to sell the property is given to one or more REALTORS.  You also have the right to sell your home yourself.  Should you sell it yourself you are not obligated to pay a fee for the service (if you have not signed a contract) and you don't have to deal with the REALTORS you appointed.
• EXCLUSIVE Listings
  • In an exclusive listing you appoint one brkerage firm to act on your behalf as your agent.  This brokerage firm has the right to sell your home for an agreed upon length of time and commission.
•  MLS® Listing
  • This type of listing allows your REALTOR to work with other REALTORS through their local boards and the MLS® system in order to sell your home.

THE PROCESS

     CMA

• Your REALTOR® will do a complete Comparative Market Analysis.  This information will assist you in determining the value of your home.  The results of the CMA will indicate all recent sold prices of comparable properties, expired listings and what houses are currently for sale...therefore, competition.
• All factors of a home and property add or detract from the overall value.  A CMA uses the amenities of your home to compare to a subject property.  When you have extra amenities that is in your favour and consequently when you don't have some of the amenities of the subject property it will deduct by comparison.

     LISTING AGREEMENT

• This is a contract between you and the Brokerage firm that the Sales Representative represents.
• It reflects all the specifics of your property.
• The Listing Agreement oulines all the rights and obligations associated with the agreement.
• It provides for the information on:
  • Taxes
  • The legal description
  • Lot size
  • Building size
  • Building style and materials
  • Room sizes
  • Heating system
  • Financial information about the property
  • Easements & rights of way
  • Charges or liens against the property
  • Additional amenities and upgrades
• It is signed by both parties and copies are given to both

     S.P.I.S. (Seller Property Information Statement)

• This paperwork established by OREA is a statement you as the Seller make about the condition and features of your home.
• The disclosure you make allows the Buyer to have first hand knowledge about the property.
• By your sdmission...nothing is held back or considered hidden.
• Completing this form is a very strong selling point and should be considered a positive.

     WHAT IF THE PROPERTY DOESN'T SELL...as fast as I would like?

• Some homes sell quicker than others.  Remember there is a home out there for everyone.  The key is to be patient and wait for the right offer.
• Remember people look at location first, then condition and lastly listing price.
• Review the Selling Strategy with your REALTOR®.  I always look at the following criteria to determine what might be happening.
  • Comments from other REALTORS are sought after and reviewed, as well as, commenst passed on from potential Buyers who have looked at the home.
  • Changing market conditions
  • Addition of competitive properties to the market
  • Number of showings
  • Number of days on the market
  • Current money conditions and interest rates
  • The motivation of the Seller

     THE OFFER IS MADE

• Once the offer is made your REALTOR® will walk you through the process.  You may choose to accept it as presented or sign it back.  They will do the negotiating and ensure that the process is handled legally and according to the laws of real estate.
• The key factors of an offer are:
  • The price
  • The deposit
  • The date of possession
  • Chattels included
  • Fixtures included or excluded
  • Conditions associated with the offer
    • Financial Approval...Mortgage
    • Sale of Buyer's Property
    • Home inspection
    • Insurance
    • Well Condition & Flow Rate
    • Water Potability
    • And Many other possibilities
• You have three options of what you can do with your offer.  You can:
  • Accept It
  • Reject It
  • Counter Offer with changes
• Your REALTOR® will be on top of the transaction until clsing day when your lawyer takes over to finalize the transaction

Please note...It is a point of practice for me to stay in touch after closing to ensure I am available should anything go wrong...or in case I am needed for anything.

Should you have any questions on THE PROCESS please Click Here to contct me by e-mail or call me at 1-888-877-5165 at your convenience.

    Deborah Gilmore...Your Trusted Source For Anything Real Estate!