Selling Your Home with Jared Gibbons

How selling works, step by step

1. 1. First chatWe talk about why you're moving, your timeline and what you need from the sale. I explain how I work and the B.C. disclosure forms you'll sign. This is free.
2. 2. PricingI compare your home with recent sales and current listings close by. You get a price range and the reasons behind it. Start with a free home evaluation.
3. 3. Getting readyWe pick the few jobs worth doing, such as cleaning, small repairs and clearing clutter. You don't need to renovate. Staging help comes with every listing.
4. 4. Photos and listingEvery listing gets professional photos, video, floor plans and drone photos. Then your home goes on the MLS® and my website. See my marketing plan.
5. 5. ShowingsBuyers book through their agents. I share feedback with you after each one so you know what people think.
6. 6. OffersI walk you through each offer: price, deposit, conditions and dates. We decide together whether to accept, counter or wait.
7. 7. Conditions and cooling-offMost buyers have conditions such as financing or an inspection. For most homes, buyers also get a three business day cooling-off period after acceptance.
8. 8. ClosingYour lawyer or notary handles the paperwork and pays out your mortgage. You hand over the keys on possession day.

What it costs to sell a home in B.C.

These are common costs when you sell, from the BC Financial Services Authority (BCFSA) list:

• Legal or notary fees for the title transfer
• Legal fees to discharge your mortgage
• GST on legal fees
• Any prepayment penalty from your lender for paying the mortgage off early
• Your share of the current year's property taxes, if not already paid

If you sell a home you've owned for less than 730 days, the BC home flipping tax may apply. The rate is 20% of the profit for homes sold within 365 days, and it drops to zero by day 730. Some exemptions apply, and a return may be due within 90 days of the sale.

If a buyer cancels during the three business day cooling-off period, they pay you a fee of 0.25% of the offer price.

For tax questions about your own sale, talk to an accountant.

Sources: BCFSA: What costs come with selling a home · Gov. of B.C.: BC home flipping tax · BCFSA: Home Buyer Rescission Period

Why work with me

• I grew up on a farm in Langley, so I know acreage, farm and rural homes as well as houses and townhomes in town.
• Top 1% and Top 10 out of all Realtors in the Fraser Valley, based on Fraser Valley Real Estate Board sales numbers.
• Staging help, professional video, floor plans and drone photos come with every listing.
• My office is at Suite 201 - 15272 Croydon Dr, Surrey.