Wednesday, March 15, 2017

What are the 7 Steps to Selling a Home?




Deciding to sell your home to move to a different one can be exciting and scary at the same time.  There are many steps that go into selling your home and can be overwhelming at time but as your agent I am here to help you through the process!

Find Out How Much Your Home is Worth- The biggest mistake you can make is pricing your home too high.  The price of your home must be in line with sold homes identified in a comparative market analysis report.  Consider whether your market is hot, cold, or neutral and price according to the market temperature.

Get Your Home Ready to Sell- Prepare your home for sale by cleaning, decluttering and improving curb appeal.  Hire a professional stager to stage your home or ask me for help staging your home.  Make any necessary repairs your need to before putting it on the market.  Protect your privacy while your home is on the market.  If you are selling a home where pets live, make alternate plans for your pets.

Marketing and Showing Your Home- Your home will be identified by the sizzling selling points and displayed on different websites.  When your home is ready to show, a lockbox will be placed on your door and appointments will be made to show your home.  A open house will also get scheduled and you will be notified.

Receive Purchase Offers and Negotiate- When a potential buyer shows interest in your home they will submit a written offer.  If the offer is low you can negotiate by issuing a counter offer.  You may want to consider making a counter offer contingent on buying a home if the market conditions warrant it.  Don’t be afraid to make a full-price counter offer if you are priced competitively.

Open Escrow and Order Title- Once the offer is accepted your home will go into escrow and an order will be placed for a title policy.  A date will also be selected for your home to be closed based on when the buyers loan will be funded.  The buyer will also send an earnest deposit.

Home Inspection and List of Repairs- A home inspection will be conducted.  During the home inspection the inspector will complete a checklist and will complete a report that will be provided to you and the buyer.  The buyer will then negotiate what repairs they want done and submit them.  If you as the seller do not agree to repair items the buyer is asking, it could cancel the sale.  You may also credit the cost that will be applied towards the buyers closing costs.

 Sign Title and Escrow Documents- Before the closing date, you will sign all appropriate documents at the title company to transfer the information into the buyers name.  Once these documents are signed and payment is received from the buyer, your home purchase will be complete.

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