Seller FAQ

Seller FAQ

Thank you for your recent interest in your home value! 

I'll be in touch within 24 hours to discuss some essential features of your home that will help me build a more accurate valuation for you. 

In the mean time you probably have a few (or a lot!) of questions regarding the potential sale of your home, so I've compiled a list of answers to frequently asked questions. 

As always if you have any questions that were not answered in this blog please reach out to 250-682-8797 or and I'll be happy to assist you. 

Seller FAQ's 

  1. What time of year is best to sell my home?

    • Real Estate is supply and demand driven therefore homes sell ALL year round. While there are the odd week here or there when it may be best to delay your home's launch onto the market for a day or two, in general buyers are looking 365 days a year. It's less important to consider what season to sell and more important to consider what 'micro' housing market your home is in (a micro housing market would be the smaller segment of the market that your home is in. i.e. rental condos near Thompson Rivers University is a different 'micro market' than a detached single family home in Sahali). Demand for a condo is different than demand for a detached single family home with a pool, and different price brackets have different demands at different it's important to team up with your Realtor® who can explain what specific market your home is in...not all homes are created equal and your home may not fit in the standard market trends. 

  2. What updates or maintenance should I do to justify asking top dollar for my home?

    • 2 of the most important factors in selling your home is price and condition of the home. If you want top dollar your home must have more features and be in the best condition compared to other homes in your area and price range a.k.a your 'micro market' (a micro housing market would be the smaller segment of the market that your home is in. i.e. rental condos near Thompson Rivers University is a different 'micro market' than a detached single family home in Sahali). Buyers are educated now more than ever, they can perceive value or lack-of value in your home before even coming to view it, so it's important to consider what buyers in your market bracket are looking for. 

    • ie. If you are in a condo market primarily with student rentals in your building, you may not want to invest in a complete kitchen make over with high end finishings, however if you are on an executive street in Aberdeen and most homes in that area of granite counters and engineered hardwood floors you may consider doing some updates OR you may consider listing your home at a lower price than your competition. On the flip side if your home is the most upgraded unit in the condo building you may be able to price a touch above your competition but if buyer's are demanding high end finishings you may not get the return you are hoping for. 

    • Bottom line - partner with a Realtor® who can weigh the pros and cons of upgrades versus pricing strategy and consider how much work you want to put into a home you will soon be moving out of.  They should also provide you at the very minimum a list of staging strategies for both photography and showings - little tweaks here and there can make a big difference in how buyers perceive value in your home. 

  3. How long will it take my home to sell?

    • Again, this is dependant on the specific micro market your home is in. In Kamloops single family detached homes between 300,000-400,000 tends to be the most competitive micro market with the most buyers, strata properties tend to have a fewer buyer pool - these are just market trends and not set in stone, again consult your agent who should be able to tell you the 'average days on market' for similar homes. 

  4. How much does it cost to sell my home? 

    • Costs of selling your home will vary on a few things but in general some things you should consider

      • legal fees for executing the title transfer and ensuring you receive payment for your home 

      • Realtor® fees - which are not set in stone 

      • maintenance and updates to prep your home for sale 

      • Mortgage payout fees / penalties (if applicable) 

      • moving expenses including hiring movers or renting a moving truck yourself 

  5. What should I look for in a Realtor® to list my home? 

    • first and foremost who your hire to sell your home is going to get to know you and your situation very intimately. Choose a Realtor® who you feel comfortable talking to and who answers your calls, questions and concern honestly and in a way you understand. You shouldn't feel left in the dark or incompetent - a good Realtor® will make you feel empowered to be involved in your sale and should explain things in multiple ways until you have a full grasp of the process. 

    • Technology: Most buyers are looking for homes online - that little thing called the internet significantly changed how real estate is purchased, so you are not getting the best value in a realtor who doesn't capitalize on tools available to showcase your home online - from professional photography, to 3D tours, to buyers accessibility to booking showings on your home...there is so many amazing tools available...make sure your home is showcased with the best available resources. 

  6. What happens if my home isn't selling?

    • Again, the most important factors in selling your home is price and condition....if your home isn't selling it means that buyers are not seeing value in your home at the current price based on its current condition; therefore, one of the two has to change. Your Realtor® should have a game plan to review your micro-market and provide options to help your home sell depending on the level of interest you are getting from buyers. From there, collectively you will decide what you are willing to take on in terms of improving the condition or your home or reducing the price. 

I hope this article helped answer your questions! Have another question you would like answered? 

Email me! 

I'm always open to suggestions. 

Skyleigh McCallum Headshot
Phone: 250-320-3108
Dated: August 2nd 2017
Views: 40
About Skyleigh: ...

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