Sellers often say, "I don't want to give away my house." Of course, not. But you do want to sell it. To sell your home, the price must be right, and there are a number of factors that go into determining what that price should be.

Interest rates:

The lower interest rates are, the more buyers can afford to pay. Current mortgage rates are still at historic lows, but predicted to gradually rise over the next 2 years. The British Columbia Real Estate Association (BCREA) forecasts 5 year mortgage rates will rise to approximately 5.6% by the end of 2012. Please Click here to read the BCREA mortgage rate forecast published in December 2011.

Selling or buying a home is probably the largest transaction most of us ever become involved in. Yet people sometimes take less time over it than they do when buying a car. That's because they are in unfamiliar territory and don't fully understand the process. They don't know what questions to ask, may take things for granted, rely on others when they shouldn't, and sometimes later wish they had known a  whole lot more about the process involved.

It is important that you understand the procedures and documents you will encounter during the sale of your home, as well as the role of other people who may be involved in the transaction. Selling a home is a major event, and in this series of blogs entitled "Selling Your Home" we aim to help you better understand the process. We will cover the following topics: