8 Steps for Selling your Home in Winnipeg

Selling your home is something to be excited about, it can mark an end to one journey and a beginning to a new one. It's not a task that can feel to big, it's a process that with the right guidance doesn’t have to be overwhelming. As your REALTOR®, I’m here to make the process clear and manageable.

What are the 8 Steps for Selling your Home in Winnipeg?

Let’s walk through the key steps to selling your home so you know exactly what to expect.

Step 1: Meeting as Your REALTOR®

I’ll come to your home to assess the property and discuss your goals. This is a chance for us to talk about:

• Your timeline for selling.
• Commission rates and marketing strategies.
• Whether you’re also planning to purchase a new home.

This meeting is the foundation of our plan for selling your property.

Step 2: Market and Home Research

After our meeting, I’ll get to work.

My market research includes:

• Analyzing comparable sales in your area through A Comparative Market Analysis
• Reviewing the City of Winnipeg Assessment.
• Examining the current market conditions.

My home research includes:

• Minor repairs and renovations that can increase the value of your home.
• Landscaping ideas that can attract buyers.
• Decluttering and cleaning suggestions to make your home more appealing. 
• The best ways to feature your home through staging, video and photography.

Step 3: Setting the Price and Establishing the Listing 

Once we’ve reviewed the research together, we’ll decide on a competitive listing price and set a date for the listing to made public. You will make the final decision on this price, with myself as your REALTOR® guiding you.

The necessary paperwork will need to be signed and this can be done on paper or sent electronically to your email for convenience, while you may be at work or travelling.

As your REALTOR® I will take measurements of your home and write the listing based on the type of home you have, of course, with consideration on what you find as appealing assets of your home.This listing will connect to buyers through the Multiple Listing Service (MLS®), the most comprehensive real estate database in Winnipeg. MLS® ensures your home is accurately priced, widely seen by buyers, and marketed effectively including exposure through the Winnipeg Regional Real Estate News.

I’ll provide you with a detailed timeline so you’ll know what happens from the marketing to first open house.

Step 4: Preparing Your Home for The Listing

Getting your home ready is important to make a first impression to your potential buyers. From decluttering to making small repairs, these changes can make a big difference in how buyers see your property.

Staging may be brought in, be done virtually or showcased as you've made it your home. 

Together we will present your home in its best light, ensuring it’s ready for showings and professional photography.

For a suggested check list of things to do to prepare your home for sale visit,

https://www.winnipegregionalrealestatenews.com/selling/selling-checklist

Step 5: Open House and Showings 

Once your home is officially listed, your property will be advertised for sale. Many buyers look to social media and Winnipeg Real Estate news for a schedule of open houses. I will host your open house to reach potential buyers and answer their questions. 

Showings will be requested from buyers, either through myself or their REALTOR® . As much notice for showings can be given as you need. While it might be inconvenient at times, it’s important to accommodate as many showings as possible to give your home the best chance of selling quickly.

Step 6: Reviewing Offers

When offers start coming in, I’ll help you navigate them. We’ll look at:

• The offer price.
• Any conditions, like financing approval or a home inspection.
• Deposit amounts and possession dates.

We’ll negotiate to craft the best possible deal for you, ensuring it meets your needs.

If an offer doesn’t meet your expectations, don’t worry. You’re never obligated to accept a deal that doesn’t work for you. We’ll continue marketing your home until we find the right buyer.

Step 7: Moving Toward a Final Sale

Once we’ve accepted an offer, the buyer will need to satisfy their conditions. A deadline will be written in the Offer to Purchase for these conditions to be met. This might include:

• Financing Approval: The buyer uses this time to secure the financing required. The lendor may send an appraiser to inspect the property. The deal is pending the finance approval.
• Home Inspection: With the buyer's REALTOR® or myself present, an inspector will conduct the inspection of your home, typically lasting about three hours. The deal is pending the buyer's satisfaction of this inspectioin.

For condo sales, the buyer will also review condo documents related to the unit and condo corporation. Referred to as "the cooling off period", the buyer has up to 7 days to decide whether to move forward.

After all conditions are met, the sale becomes final!

Step 8: Closing the Sale and Moving

Once the sale is finalized, it’s time to prepare for your move. You’ll hear from your lawyer at least 1-2 weeks before possession to finalize the paperwork and hand over the keys.

On moving day, be sure to take meter readings for gas, water, and hydro, and notify the respective utilities.

With the right plan and support, selling your home makes moving into the next one part of the process. Guiding you every step of the way, are you ready to sell your home? Let’s get started!