If you are thinking of selling your home,  here are some things to keep in mind:

  1. Consider choosing a Realtor to help you with the transaction.  A Realtor can guide you through the whole process – they will help determine the sale price, help you with the necessary preparations, and present offers to you. A knowledgeable and experienced Realtor can make your sale stress-free.
  2. If you are selling a house, you will usually need a current Real Property Report that shows that the property complies with municipal zoning bylaws.
  3. Review your mortgage terms.  Usually when you sell your home before the end of your mortgage term, you will be charged a prepayment penalty which can be quite high.
  4. You will need a lawyer to handle the transfer of the property to the buyer.  A lawyer can also review the sale agreement for you before you sign it.