Home selling F.A.Q

1. What is the MLS and how will it help market my home? The MLS Service is brought to the public by members of the Canadian Real Estate Association to aid buyers in finding a home and assisting sellers in marketing their home. What is the advantage of having my home on MLS?

  • Your home sells faster. The faster it sells, the less you spend on carrying costs, mortgage, payments and taxes
  • Less hassle. If you have moved before, you know the time and energy that goes into showing your home. It’s a lot of work
  • More exposure. You generate not only more buyers but buyers who can afford the property
  • Realtor excitement. Realtors love to show homes they think they can sell at a fair price
  • Buyer excitement. Calls from signs and advertisements turn into showings when the price is not a hindrance
  • Better offers. Buyers are less likely to make a low offer for fear of losing a good opportunity

Sellers make more money. If a home is priced right, the excitement of the market produces better and more offers, which result in higher sale prices. You

Being placed in the MLS expands a home seller's sales force, exposes the property to a larger pool of prospective home buyers, and creates more demand for the property. The higher the demand, the more pricing power enjoyed by the homeowner - and the quicker a home will sell.

2. What benefits are there working with a Realtor?

Using the services of a realtor can actually put more money in your pocket not less! This has been proven many times over. Only a Realtor can offer sellers maximum exposure with access to the Multiple Listing Service (MLS) and approximately 1,400 Winnipeg Realtors and their buyers!

Potential of attracting multiple offers and getting more money is greatly increased if your home is on the Multiple Listing Service (MLS)

A Realtor has the expertise required to do a proper market analysis. Do you know the dangers of pricing too high or too low? Realtors are skilled negotiators.


3. What are chattels? What items are automatically included with the sale of my home?

When you are thinking of selling your home, you may be wondering whether you should take the custom made window coverings with you, or whether that entertainment unit you had specially made for your family room should be sold with the house.

Undoubtedly, these items may be hard to part with. On the other hand, they will probably make your home much more attractive to potential purchasers if you include them in the sale. In fact, it is quite common for vendors to include some items that would normally be considered as chattels - such as drapes and appliances in the sale of their home as an extra incentive to buyers.

Simply stated, chattels are things that can be removed from a property because they are not attached to the walls or to the property. Fixtures, on the other hand, are things that are attached to the property things like light sockets, a hot tub or electric wall heaters.

The law is not always crystal clear about what is considered a fixture I, as your sales associate, will help you decide and clarify what you want to include in the sale of your home.

4. Disclosure- What am I obligated to disclose to the public about my home?

Encroachments, latent defects (these are defects that can not be seen but are know to exist) and future developments that may affect the homes long term value?


5. Do staged homes get more buyer attention? If so, does this help to bring you more money?

If your house looks and feels attractive, the potential buyers will notice the difference and will want YOUR house. To stage your home for sale means maximizing your chances of a quick sale. It's the numbers game - more people see and LIKE your house, better are your chances of success. By using staging techniques, such as depersonalizing and decluttering you will make your property appealing to more potential buyers. Stage your home for sale and you'll see the difference in the way people (including realtors) will react to it.