Selling a Home in North Vancouver

Amir Miri PREC*

07/2/23


North Vancouver is a suburban district north of Vancouver in British Columbia, divided by the Vancouver Harbour. It is bound by mountains and water with stunning natural spaces like Mahon Park, MacKay Creek Greenbelt, and the famous Capilano Suspension Bridge Park, which makes its geography unique. The community is known for its outdoor recreational activities, such as skiing, hiking, mountain biking, golf, and kayaking. It is an active and engaged community with a varied population, excellent schools, and high quality of life.

When selling a home in North Vancouver, there are many approaches you can take, and not all of them will lead to a successful sale. Researching the market and finding a strategy that works for your unique situation and home is critical. Some common approaches include working with a professional real estate agent, hosting open houses, and utilizing online listings. Before diving into the process, take a look at this guide to see how you can improve your experience.

Start with detailed preparations

Selling a home is a financial and emotional decision, requiring thorough preparation to ensure a successful sale. Start with the basics to ensure your home is in excellent condition for target buyers.
 

Find a distinguished realtor

One of the critical elements of selling a home in Canada is finding a trustworthy agent who can guide you through the process. Not all realtors have the skills and qualities you need for your unique home or circumstances. A distinguished realtor will have an in-depth understanding of the North Vancouver real estate market and be able to provide you with a personalized strategy.

When looking for a realtor, read reviews, ask for referrals, and interview multiple candidates to find the right fit. Ask about their previous sales, client feedback, communication expectations, support team, and marketing and negotiation skills.
 

Get an appraisal

Getting an appraisal is an essential step toward preparing your home for sale. An appraisal provides an accurate estimate of your home's value based on the current market, which will help determine a fair asking price. It is an important step because many sellers feel their home is worth more than the market indicates and will overprice the property, leading to an extended time on the market, price cuts, and a disadvantage during negotiations. You can avoid these mistakes and start your listing at an appropriate price with accurate information.

An appraisal is also valuable when deciding if your home needs any updates. Sellers may be hesitant to invest more money in a home they are selling, but if it does not meet buyer needs, you may not be able to sell it at all.
 

Identify areas for improvement

With your appraisal, you can determine if you want to add value with home improvement projects. Upgrades and renovations will increase your home value and can help improve its time on the market and the number of offers. Working with a professional realtor, contractor, or designer will be essential in selecting renovation projects with a higher return on investment that also appeal to buyers. For example, your money will be better spent designing a resort-style bathroom than adding crown moulding to your living room.
 

Stage your space and take professional images

Stage your space and take professional images to make a positive impression on potential buyers. Staging your home means decluttering, depersonalizing, and rearranging furniture to make the space appear as neutral and welcoming as possible. You may consider hiring a professional stager who can help optimize your space to attract potential buyers. In addition, professional photography can significantly affect how your home is perceived online, as most buyers start their home search online.

Make your home visible to buyers

Once your home is ready for viewing, you can list and market your home. Here are some tried and true methods for getting the word out.
 

List it on the MLS and market the property

To add your home to the Multiple Listing Service (MLS), you need to work with a registered real estate professional member of the Canadian Real Estate Association (CREA). The MLS is a database of properties that can be accessed by real estate agents, buyers, and sellers across Canada. By listing your home on the MLS, you increase its visibility and let others know it is available for purchase. With your active listing, you can also market your home through channels like print and online advertising, signs, custom websites, social media, and email campaigns.
 

Plan viewing events

With an established online presence and initial interest stirring, you can plan in-person events like an open house and private showings. An open house is a way to bring buyers into your home, let them feel the atmosphere, and visualize their daily routine in the space. A private showing is a more intimate experience without other buyers, dedicated to one-on-one marketing to generate solid offers.
 

Plan for closing costs

Sellers may overlook selling expenses, but they should plan for the various closing costs associated with the transaction. Closing costs should be negotiated and finalized in your contract and can include legal fees, home inspection or appraisal fees, transfer taxes, and real estate commission fees. It is crucial to be aware of this expense when determining your final selling price to avoid unexpected financial hurdles.

Common questions North Vancouver sellers have about the process

When is a good time to sell my home?

As market trends change, they can impact sale conditions, such as how long a home stays on the market and its value. While spring and summer are traditionally excellent times to sell, many factors impact your success. For example, following best practices and working with a renowned real estate agent can be a competitive edge despite potential poor market conditions for sellers.  
 

Can I sell my home as the owner?

If you want to sell your home without a real estate agent, it is possible, but it requires significant work and expertise. You will need to research the real estate market in your area, prepare the necessary legal and financial documents, and understand the complexities of negotiations and contracts. Without the help of a real estate agent, you will need to be comfortable marketing your property and showing it to potential buyers.

Find out more about the selling process

Amir Miri is a North Vancouver real estate broker with the skills and experiences you need to sell your luxury home. Amir is a renowned agent for his world-class services, including personalized solutions, accurate market data, innovative marketing, and unparalleled network connections. 

*Header photo courtesy of Amir Miri

 

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