Sellers

The Selling Process

Nine steps from “thinking about selling” to deposit cleared — no jargon, no surprises.

01

The CMA — Pricing It Right

The most important decision in selling your home is the list price. Too high and you sit; too low and you leave money on the table. Matthew will provide a Comparative Market Analysis (CMA) — a detailed review of recent comparable sales in your area, adjusted for your home's specific condition, features, and location. This is always free, with no obligation.

02

Preparation and Photography

Before your home goes live, Matthew will walk through it with you and identify anything that will cost you money at negotiation time — versus things buyers simply won't care about. Professional photography is standard. In PEI's market, homes that are properly prepared and well-photographed sell faster and for more.

03

Listing on MLS®

Your home is listed on REALTOR.ca (via the MLS® system), reaching every buyer agent and buyer in the province — and buyers searching from across Canada. The listing includes all property details, photos, and your terms. Matthew will also promote your listing through social media and his buyer network.

04

Showings

Showings are booked through your agent. Matthew manages all showing requests, provides showing instructions, and gives you feedback after each showing. You'll know what buyers are saying — not a filtered version. Showing activity and market response in the first two weeks is the most important feedback you'll get on pricing.

05

Receiving Offers

Offers are submitted on the standard PEIREA purchase agreement. Matthew will walk you through every term — not just the price. Key variables: the offer price, deposit amount, conditions (financing and inspection are most common), and the requested possession date. In a multiple-offer situation, Matthew will present your options clearly.

06

Negotiating

Most offers involve at least one round of counter-offers. Matthew's job is to get you the best price and terms — not just a signed deal. Common negotiation points: price, closing date, included items and fixtures, and conditions. You're never obligated to accept an offer that doesn't work for you.

07

Conditions Period

Most accepted offers include a conditions period (typically 5–10 business days) during which the buyer arranges financing and does their home inspection. During this period, the deal is not firm — the buyer can walk away. Once conditions are waived in writing, you have a firm deal.

08

Working With Your Lawyer

You need a PEI real estate lawyer to process the sale. Your lawyer handles the title search, pays out your existing mortgage (if applicable), and distributes the net proceeds to you after fees. Matthew will recommend trusted lawyers if you don't already have one.

09

Closing Day

You sign the transfer documents at your lawyer's office, usually the day before or morning of possession. Your lawyer confirms receipt of funds from the buyer's lender and transfers title. You hand over the keys — and that's it. Net proceeds are deposited to your account within 1–2 business days.

Typical Seller Costs

Real estate commissionNegotiated with your agent
Legal fees$1,000 – $1,800
Mortgage discharge fee (if applicable)$200 – $500
Property tax adjustmentProrated to possession date
HST on commission15% of commission amount
C

Coda

Matthew Ellis AI

Hi! I'm Coda, Matthew's AI assistant. I can help you search PEI listings, answer questions about the buying or selling process, or book a showing. What can I help you with today?

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