Home Sellers FAQs
Who is the right Vancouver realtor for me?
choose a realtor with decades of experience, so they can guide you throught the process with ease. Choose a realtor with hyper-local neighbourhood info
When will my property be posted on MLS?
your listing contract must be submitted to REBGV’s MLS department within 48 hours of the commencement listing date. It will take no longer than 48 hours after it has been submitted to process it.
What is the minimum period for an MLS listing?
60 days. During that period you can make adjustments to the price, possession date and other information regarding the property
Should I accept my first offer?
Quite often your first offer is your best one. Stats show the longer the property is on the market, the lower the price you will achieve. As your realtor, Maggie will evaluate your first offer and decide if it is current value and whether or not it should be countered
Should I wait out the market
Only if it’s a rising market. No-one can foretell the future and markets often change quickly
How do I establish a correct price for my property?
As your realtor, Maggie will assist you. She comes armed with graphs and neighbourhood stats
Do I pay a capital gain tax when I sell?
Not if it’s your principle residence. But if its a vacation home or investment you will pay CGT. Consult an accountant
What happens after I accept the offer?
if there are no subject to clauses your property is sold firm. If there are subject to clauses (most are for 7 days or less) then you wait until the buyer removes these clauses and pays their depsoit. Then you move to Closing.
I am a first time seller, what happens once I list my home?
Exciting! As your realtor Maggie provides you with an After the List checklist. Make sure you’ve cleaned up your property, ready for showing. Maggie notifies you when it will be shown and asks you to vacate the premises during showings, along with your kids and dogs.
I’m a move up Seller, when do I start looking for another place?
It depends on what the market is doing. If you are in a seller’s market (it is easier to sell than buy), you may want to buy first, get a long closing – say 90 days – and then put your place on the market for sale. Be sure to talk to your bank about possible need for bridge financing. Or, you can make an offer subject to the sale of your house but the seller will insert a time clause, which states that if they receive another offer you will have to remove all subject clauses or collapse the offer. Thirdly, you can sell yours, give the buyer a 90 day close and then go out and buy. As your realtor, Maggie will discuss these options and help you decide which is the best for you.
What is a free market evaluation?
When you invite Maggie into your home to give you a current value for your property, she will also discuss in detail her marketing plan to get your home sold at the best price. She will also advise you about renovations, decorating and decluttering.
How do multiple offers work?
What should I know about selling a tenant occupied property in BC?
There’s a lot to know! Is your tenant on a lease? Will they permit the property to be shown? How much notice do you have to give them to move out? Can you break the lease? What if the tenant is untidy? Can the buyer assume your tenant? The questions are set out the in the BC Residential Tenancy Office website, or contact Maggie with your question.
Should I get a home inspection?
A great idea! That way there’ll be no surprises when the buyer gets one, you can correct any deficiencies and sell with confidence.
I’m not Canadian, can I buy Vancouver real estate?
Can I visit Open Houses without my Agent?
Yes, but be sure to let the realtor know who your agent is. If you visit presentation centres your agent should go with you.
I’m buying an investment condo, what should I know?
Lots to review with Maggie! You’ll need to hire a property manager, make sure the building permits rentals. As a landlord you will be responsible for the maintenance fee and taxes. The tenant usually pays the heat, hydro, internet connection and phone.
What should I know as a first time buyer?
Refer to Maggie’s guide on The Buying Process