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  1. Make sure that you have a good idea of what is wrong with your home. The last thing that you want to have happen, is a major issue with your home to creep into the picture during an inspection. It can throw off all of your planning and it can squander an opportunity.

  1. If you're not going to repurchase right away, consult your bank to see what your mortgage penalty is. (Fixed Rate Mortgages Only and the penalties can be big, so watch out!)

  1. Fix anything that is needing to be fixed, but make sure that it makes financial sense to do so.

  1. De-clutter and take out anything in your place that you don't need. I always say that if you want to sell your home for top dollar, make it as bright and open as possible.

  1. Make a list of everything you love about your place. When a potential buyer comes through your home, they are most likely looking at the big picture, so having your realtor tell them what the you love about the place can help them focus on the features.

  1. Make sure that you have all the documents that a potential buyer will want before you start showing your place. Often if you are prepared and you get a good offer right away, this will help your chances of getting a good clean offer, and a quick sale.

  1. If you are planning to repurchase, make sure you have a good idea of the market that you are going to buy into. Often people look to sell their current place before they buy their next home, so you may have to act quick, and knowing the market helps. If you have found your new home already, make sure that you either leave enough time to sell your current place, add a subject to sale in your purchasing contract, or know that you can carry both properties for an extended period of time.

  1. Make sure that you get ALL of the information about porting your mortgage, before you start making decisions. Most likely you're buying something that is more expensive, but not always. Banks tend to be unpredictable when you're moving a mortgage of one value to another, while changing the subject property as well.

  1. Assemble Your Team (Mortgage Broker, Real Estate Agent, Cleaners, Trades People).

  1. Make sure that you have the energy and time to make this all happen. If you have a good team working for you, you're off to a good start, but there still is a lot to think about and execute during the buying and selling process.


If you have any questions, fire me an email and I'll guide you in the right direction.

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Comments

Heather on Jul 6, 2010 3:22 PM
Great list, Rob. I couldn't agree more; when having a great team in place to assist you along the way, it makes a huge difference in the experience a seller has.

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