Are you planning to sell your property in Halifax, Nova Scotia this spring? If so, you might have some questions about the process. In this blog post, we'll address some frequently asked questions by sellers.
- What is the best time of the year to sell a property in Halifax?
Traditionally, in the spring and fall months (March to July 1 and September to December), August is traditionally a slow month to sell a property in Halifax. During these months, the weather is favorable, and people are more likely to go out and view properties. However, the Halifax real estate market has been busy throughout the year, with many buyers looking for properties year-round.
- Do I need to get my property inspected before listing it?
No, it's not mandatory to get a home inspection before listing your property for sale, but it's always a good idea. A home inspection will help you identify any issues with your property that you may not have known about. This can save you time and money in the long run, as buyers are likely to request an inspection before purchasing the property.
- How do I determine the right asking price for my property?
Pricing your property correctly is crucial to selling it quickly and for the best price possible. You can work with a real estate agent to determine the right asking price for your property. They will analyze the current market conditions, similar properties in the area, and any unique features of your property to come up with a price range that is realistic and competitive.
- What documents do I need to sell my property?
As a seller, you will need to provide the following documents:
- Property deed
- Location Certificate (if available)
- Most Recent Tax Bill
- Any warranties for appliances or systems included in the sale
- Disclosure statement outlining any known issues with the property - this document is known as a Property Disclosure statement.
- Heating Costs and NSP Costs
- A copy of any Lease Agreements
- Well and Septic Certificate (if available)
- Shared Well or Shared Driveway Agreement
- Easements or Restrictive Covenants
- Condo Documents (if the property is a condo)
- Any receipts for upgrades - Details of any recent upgrades
- Building permit and final occupancy permit (if available)
Copies of any leased equipment that is to be assumed by the buyers
- What costs should I expect to pay when selling my property?
As a seller, you will be responsible for paying the following costs:
- Real estate agent commission (usually around 5% of the sale price)
- Legal fees (usually around $1,500 - $2,000)
- Any outstanding mortgage balance or liens on the property
- Any mortgage penalties.
- How long does it take to sell a property in Halifax?
The time it takes to sell a property in Halifax can vary depending on factors such as location, condition of the property, and current market conditions. On average, properties in Halifax sell within 30-60 days of being listed on the market.
Selling a property can be a complex process, but with the right information and guidance, it can be a smooth and successful transaction. If you have any further questions about selling your property in Halifax, it's always best to consult with a local real estate professional.
How often will we communicate?
Communication is key to an easy and successful sale. I will keep you appraised of events every step of the way. You are welcome to reach out to me with questions or concerns. When we go over the listing information, we will discuss our preferred means of communication and schedules to make sure we know each other’s availability and boundaries.
Thinking of selling? I'm here to help! Shoot me a message or give me a call today.