When you get an offer, what to do next?

You can always counter offer and negotiate other points. The main consideration here will be the price and the possession/occupancy date. You can negotiate items to be included or excluded (make sure to put everything in writing and make it clear on the contract).

The offer is accepted, you are done... not quit yet!

You wish it was over at this point but there is a very important step to achieve before selling your house: the inspection! The buyer has the right to have an inspector look over your property to make sure everything is in order. While this is a normal requirement before buying a house, this step can be stressful. Inspectors usually point out little minor defects of your property. While each house is far from being perfect, it is never fun to have people "criticize" your property.

Finalizing the sale of your property

Besides the inspection, there is another very important part included in the offer to purchase; the proof of financing from the buyers. Make sure they have been pre-approved for a mortgage or have proof that they can purchase your property. They usually have 10 days to provide such documents (a letter from the bank). Don't forget to ask for it to make sure your buyers are strong enough financially to buy your property.

Closing date at the Lawyer/Notary and the date for Possession

There are usually 2 dates to take into consideration when selling your property: when you will sign for the amount to be received by check (at the lawyer/notary) and when you will be giving away the keys. Those 2 dates are usually pretty close (within the same week). However, it is important to understand when you will actually receive your cash as you will probably be buying another property and you need to know when your cash down on the other property will be available. If there is a discrepancy in the dates, you can always go for a bridge loan through your financial institution and your lawyer can help you with that.

That's it! You SOLD on your own with HouseMAXX® professional services and you didn't even need a real estate agent! You are done selling your house and you can move in to the other one! SELL YOUR HOME NOW on HouseMAXX