Common Questions By Home Sellers

Should I price my home high to leave room for negotiation?


It’s natural to want to leave room for negotiation, but pricing your home too high can actually backfire. Overpricing can lead to your home sitting on the market for too long, which may make potential buyers think there’s something wrong with it. A well-priced home—based on current market conditions and comparable listings in your area—will attract serious buyers and generate more interest. We’ll help you set a competitive price that aligns with the market, maximizing your chances of getting the best offer in a timely manner.

Should I make repairs and upgrades before I list?


Minor repairs and updates can enhance your home’s appeal and make it more attractive to buyers, but major renovations are not always necessary. Small fixes like fresh paint, landscaping, and addressing any visible maintenance issues can have a big impact. If you're unsure, we can provide guidance on which repairs offer the best return on investment, and whether it makes sense to invest in upgrades before listing. Ultimately, it’s about presenting your home in the best possible light without overspending.

Are open houses necessary, or can we skip it?


Open houses can be a great way to generate buzz and allow multiple buyers to view your home in a short time. However, they are not always necessary, especially if your home is priced right and marketed effectively through other channels like online listings, social media, and private showings. We’ll discuss your specific needs and preferences to determine whether an open house makes sense for your situation. In some cases, targeted marketing and one-on-one showings may be more effective.

What are the fees involved, mainly real estate commission?


The main fees involved in selling your home are typically the real estate agent’s commission, closing costs, and potentially some repairs or upgrades. The rate of my real estate fees are: 7% on the first $100,000 + 2.5% on the balance (don't forget to factor GST on top), which is split between the seller’s agent and the buyer’s agent. Closing costs—such as title insurance, transfer taxes, and lawyer fees can vary. 
We’ll provide a detailed breakdown of expected costs and help you plan accordingly so there are no surprises at closing.

Can I sell my home if I still have a mortgage?


Yes, you can sell your home if you still have a mortgage. In fact, the proceeds from the sale will first go toward paying off your remaining mortgage balance. If your home sells for more than you owe, you will receive the difference. If you owe more than the home’s sale price (in cases of negative equity), you may need to consider a short sale or discuss other options with your lender. We’ll help you navigate this process and ensure everything goes smoothly.

When is the best time to sell my home?


The best time to sell depends on both market conditions and your personal situation. Traditionally, the spring and fall months are popular for selling, as many buyers are looking to move before the school year starts. However, the summer and winter months can also be a good time to sell, especially if there’s less competition on the market. We’ll assess local market trends, help you understand seasonal dynamics, and determine the optimal time for you based on your needs.

Should I stage my home?


Staging your home can make a significant difference in how quickly it sells and for how much. A well-staged home allows buyers to envision themselves living there, which can lead to higher offers and a faster sale. Staging doesn’t always mean a complete overhaul—it can be as simple as decluttering, rearranging furniture, and adding a few decorative touches. If your home could benefit from staging, we can either recommend a professional stager or offer you tips on how to showcase your home’s best features.

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Jacky Levi

Oakwyn Realty ltd.

3195 Oak Street   Vancouver ,  B.C  V6H 2L2 

Mobile: 604.780.5677

jacky@jackylevi.com