Step-by-Step Guide for a House Sale in Vancouver BC

Step 1: Prepare Your Property

• Declutter and Clean: Remove personal items and deep clean the entire home.

• Repairs and Touch-Ups: Fix leaky faucets, chipped paint, squeaky doors, and any minor issues.

• Home Staging: Professionally stage or rearrange furniture to make rooms feel spacious and inviting.

• Curb Appeal: Mow the lawn, clean the exterior, and make the entrance welcoming.

Step 2: Hire a Realtor

• Choose a licensed real estate agent experienced with house sales in Vancouver BC.

• Realtors provide a Comparative Market Analysis (CMA), helping you set a realistic and competitive price.

• They also handle marketing, negotiations, paperwork, and showings.

Step 3: Set the Right Price

• Review recent comparable sales in your area.

• Consider market conditions (seller’s vs buyer’s market).

• Use your realtor’s guidance to avoid overpricing or undervaluing your home.

Step 4: Market the Property

• High-quality professional photos and videos are essential.

• Create a compelling MLS listing and feature your home on popular real estate websites.

• Promote with virtual tours, open houses, and social media advertising.

Step 5: Showings and Offers

• Be flexible with viewing times.

• Leave the home during showings to help buyers feel comfortable.

• Review all offers carefully with your agent and consider conditions (financing, inspection, etc.).

Step 6: Negotiate and Accept an Offer

• Respond to offers through counteroffers or accept the best one.

• Once accepted, the buyer may conduct an inspection or appraisal before removing subjects.

Step 7: Legal and Financial Requirements

• Hire a real estate lawyer or notary to assist with contract review and closing paperwork.

• Prepare the Property Disclosure Statement (PDS) and Title Search.

• Be aware of potential taxes: Property Transfer Tax (PTT), capital gains tax (if not your primary residence), and possible speculation/vacancy tax.

Step 8: Closing the Sale

• Finalize documents with your lawyer/notary.

• Ensure utilities are transferred or cancelled.

• Move out and leave the property clean for the buyer.

• Hand over the keys on the possession date.

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