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determine the market price of your home
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design the marketing plan
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prepare, schedule and run your ads
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screen inquiries
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pre-qualify potential buyers by asking the right questions
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book appointments
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be available to show your home at any time
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be familiar with the legalities of an offer
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negotiate the offer and counter-offers
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collect and coordinate all legal documentations
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In terms of costs, you'll pay your own advertising expenses and will likely consider engaging a Notary or Real Estate Lawyer to advise you and handle the legalities of the transaction. You should also factor in the time you'll spend personally and the length of time your home remains on the market.
While many people consider For Sale By Owner, only 1% of Canadian home sellers actually attempt to sell their homes themselves. Of those who do, some 93% later hire Real Estate agent.