How to Sell Your Home in Montreal Without a Realtor
5 tips to sell your home in Montreal without a realtor, from a top-ranking realtor who knows everything you need to know about the business.
If you are choosing to sell your property without a realtor, there is a lot you need to know before you get started. With over 8 years of experience helping Montrealers buy and sell their homes, I know that selling your home yourself will be no easy task.
That doesn’t mean it is impossible. When owners choose to sell their own homes, they become their own real estate agents. Although realtors may make it look easy, they take care of plenty of logistics and details that may go unnoticed by the seller.
- Real estate market research.
- Set appropriate sale price.
- Emotional readiness.
- Home inspection.
- Arrange appraisal.
- Coordinate surveyor.
- Home staging.
- Marketing plan.
- Host showings.
- Research rights and obligations.
- Legal contracts.
As you can see, there is a long list of tasks that you need to consider before deciding to sell your own home. I have helped countless Montrealers sell their homes while taking tasks off their checklist for them. I do, however, understand why sellers are choosing to take their real estate transactions into their own hands.
Let’s make it happen.
Here are 5 tips to help you sell your home in Montreal without a realtor:
Know your market, and try not to get too emotional.
Many local realtors and real estate brokers have been selling in your community for a while and know it well. While this is the area you have been calling home, learn to think about it as a realtor would.
The market value of your home greatly depends on how similar properties in your area have been selling. Take the time to do some research into recent real estate listings and set your listing price accordingly.
This is where your emotions could haunt you.
Your home holds many memories, and it can be hard to put a price on it. You may also be irked by the fact that your home may have sold for more in the recent past. Remember that real estate can be a tough business, and it is important to price your house accordingly to attract the right buyers. It’s nothing personal!
Prepare your home for showings.
Getting your home inspected by an experienced home inspector should be the first step in your plan. Home inspectors help you identify any major repairs your home needs before your home can be marketed as move-in-ready.
On top of any necessary repairs, you’ll want to make your home as welcoming as possible. Gardening and landscaping will give potential buyers a good first impression. Touching up all paint, cleaning carpets, and replacing light bulbs will make a big difference. If the garage and closets are neatly organized, they appear bigger to buyers who want a home with plenty of storage space.
With or without a real estate agent, homeowners have a lot to do to get their homes ready to sell.
Make a plan to market, and arrange showings to potential buyers.
Much of the role of a realtor is marketing your home. Maximize the exposure of your home by using multiple social media platforms. Attract potential buyers to your home by hosting open houses, and inviting people to contact you for more information.
Realtors also take care of all the initial financial discussions. Keep in mind, that whenever potential buyers are walking through your home, you need to have your realtor hat on and be ready for negotiations.
Prepare yourself for whatever questions potential buyers, brokers, and real estate agents may throw at you.
Manage your team of surveyors, appraisers, and inspectors.
Even though you are not using a realtor, you will still need to collaborate with many other professionals in order to sell your home. Surveyors, appraisers, and inspectors will need to have access to your home, and you’ll need to be ready to work around their schedules.
As an experienced realtor, I am used to keeping my schedule flexible to accommodate the needs of everyone else involved in selling your home. That is my job. Hold space in your schedule for all the appointments necessary to sell your home.
Know your rights and obligations.
Your home is your biggest asset and you need to make sure that it is protected. As a top-ranking realtor, I understand that both buyers and sellers have certain rights and obligations in all real estate transactions that only realtors know. For example, many sellers are surprised to learn that they are responsible for any defect in the home, even if they were not aware of them.
Do your research and ensure that legal documents and contracts are written clearly with all the necessary information. Although you are doing all the right things, it is important to protect yourself in the rare case that something does go wrong.
Are you ready to sell your home without a realtor?
After watching my video, and reading my tips and checklist, selling your home without a realtor may seem daunting. But it is doable.
I hope that you have found my tips helpful as you prepare to sell your home without a realtor. If you have any questions or want any support, feel free to contact me and I’d be happy to help.