Seller's Guide

Everything you need to know about putting your home on the market, accepting an offer, and closing on your home.

A Step-by-Step First Time Seller's Guide

Putting your home on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced agent and this easy to follow guide, you can smoothly complete the process. Following these steps will help you prepare so you can get organized and sell your home for the best price possible.​​​​​​​

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Step 1: Understand Why You're Selling

What do you want to accomplish with the sale of your home? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to your realtor once you choose one so he or she can adjust your selling price accordingly.

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Step 2: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. Working with a real estate agent is the best way to determine the right selling price for your home. An agent with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.

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Step 3: Start Preparations

If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition.

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Step 4: Develop a Marketing Strategy

I will develop a marketing strategy that is perfect for advertising your home. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. My team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 5: Evaluate Offers

Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. We will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 6: Accept an Offer

Once we deem the offer is acceptable, we will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the term, a final contract will be prepared by your agent.

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Step 7: Get Ready to Close

You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. I will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, we will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 8: Close

You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. We will meet with the company closing the transaction to sign the final paperwork and go over any issues that have not yet been taken care of. During this time, you can also make plans with your realtor to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for all appliances that will remain in the home.

Congratulations!

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

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Jeak H.

Jeak H.

As far as my review goes, he is the go-to person for real estate in Chestermere. One of the best!
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Sruthi K.

He is a fast and reliable agent and you won't regret doing business with him. He has a clear understanding of the properties he shows!
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Bron J.

Spencer is very sharp and keeps a good lookout for his clients. He is an articulate, intelligent professional with a great sense of humor and fun as well.
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Neymar B.

Neymar B.

I cannot say enough good things about Spencer! He is the best real estate agent I have ever worked with in Chestermere. He always comes through for his clients. Oh, and he is very professional!
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Narek K.

Narek K.

Spencer is efficient, detailed-orientated, and extremely competent. He is a great communicator and can build rapport with people of all ages. His dedication to providing excellent customer service will make your home buying exp...
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Jade M.

Spencer Rivers is a fabulous agent who knows his market inside and out! Take that again, inside and out! A wiz at contracts, a great negotiator, and has a great sense of humor to boot. I would highly recommend her to anyone wit...
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Cee C.

Cee C.

I was fortunate to connect with Spencer who was able to help sell my current home and find me a new home that fit my needs. I told Spencer what was the most important aspect of a home to me (the kitchen layout) and he was able ...
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Nuye V.

Nuye V.

Spencer is among the nicest, smartest, most responsible Realtors® I have ever met. He’s a top real estate agent. His dedication to my family’s needs was unsurpassed. We were worried the kids might be averse to moving from our o...
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Sonia V.

Sonia V.

Spencer is a helpful, friendly, and knowledgeable real estate agent. He listens to and understands the requirements of the client thoroughly and provides his input in that direction. He helped us in buying a property which is v...
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Kaylobe D.

Kaylobe D.

Although I have yet to purchase a property with Spencer, I’ve worked with him closely for a number of years. Spencer’s work ethic is unmatched, he’s very passionate about his clients. He’s honest which is important a lot of peo...
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Ravi A.

Ravi A.

It was fantastic to have Spencer as our agent. He was intelligent, patient in answering all our questions, and curious about our choices. We were most impressed with his quick turn-around-time and his enthusiasm in our search. ...
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Nicolai H.

Nicolai H.

Overall great experience. Helped ever step of the way. Would use Spencer again for real estate needs. Overall great experience. Helped every step of the way. Would use Spencer again for real estate needs.
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Calvin Q.

Calvin Q.

Spencer is great. He is very prompt at returning phone calls and emails. He made the entire process of selling my condo and purchasing a home very straight forward. I would highly recommend him to anyone.
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Sruthi S.

Sruthi S.

I live in Vancouver Bc, so I did not have much knowledge about the Calgary market. Then Spencer came into picture when I was looking for a property in Calgary. He was so active, whenever we needed him for any information he was...
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Prabhjot S.

Prabhjot S.

Spencer is a helpful, friendly and knowledgeable real estate agent. He listens and understands the requirements of client thoroughly and provides his inputs in that direction. He helped us in buying a property which is very dif...
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Adam B.

Adam B.

Spencer was extremely helpful in regards to walking me through the process of buying my first home. We were able to quickly and easily solidify an offer for a place that suit my exact list of needs I laid out for him. He found ...
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Alexander M.

Alexander M.

Spencer did a great job of getting my condo sold in a short time frame at over 98% of the original asking price!
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Davis B.

Davis B.

Spencer made the entire process of buying my first home easy and stress free, he really took the time to understand what I was looking for in a home and found one within my budget. I will definitely use him as a realtor in the ...
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Joshua H.

Joshua H.

He was a pleasure to deal with, and made me feel confident through all parts of the process. I highly recommend him to anyone looking for an agent!
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George H.

George H.

I found Spencer through a recommendation by a friend, in which at the time he was currently using him to find a residential property to buy. I reached out to Spencer, and immediately he scheduled a time for us to get together, ...
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