So, you’ve found a buyer, you’ve got your deposit - here’s a few thoughts to keep in mind:
If the possession date is close to the end of your mortgage term, try to coincide it to avoid paying penalties on an early payout.
Make certain that the buyer is clear on what stays with the house and what goes with you. Anything fixed (including light fixtures, drapery rods and doorknobs) is part of the home. If you don’t want to sell them then you should consider changing the fixtures BEFORE showing your home. Otherwise you will have legal problems in making the switch.
If you are including blinds, appliances or other unfixed items, list them individually on the contract. These are called chattels. Put everything in writing.
Be aware that there are some laws about writing contracts that you may inadvertently break. Some places don’t allow contracts to be signed on Sundays. You should also avoid celebrating with any alcohol before the papers are signed.
Minor as these may seem, making these mistakes can provide a loophole for your buyers. If they suddenly get cold feet they may use this as a way out. The law will not support contracts signed because of undue pressure or while intoxicated. Find out from your lawyer if there is anything else you should be aware of.
That’s it. You’ve done your homework and sold a home. Not too difficult was it? Now start looking for a new place if you haven’t already got one - there’s no going back!