The Seller's Road Map - 12 steps in Selling Your Home



  1. Meet with a Real Estate Professional: There's no commitment required on your part for the initial meeting. It will be educational and help you identify your next steps.

  2. Establish a Price: Your agent will provide a market analysis, which will help you set an asking price.

  3. Strategic Price: As difficult as it may be, it's important to review the market analysis and consider your home price objectively.

  4. Prepare Your Home: View your home through the eyes of the buyer and ask yourself what you'd expect. Your agent will offer some useful suggestions.

  5. List It For Sale: When everything is in place your agent will put your home on the open market. It's critical you make it as easy as possible for potential buyers to view your home.

  6. Showings: Potential buyers may ask to see your home on short notice. It's best if you can accommodate these requests, you never want to miss a potential sale.

  7. Offers and Negotiation: If everything goes well, a buyer and (most often the agent who represents them) will present your agent with an offer.

  8. Choosing an Offer: Your agent will present the benefits and risks of each offer. You will have the opportunity to either accept or counter any offer based on its merits.

  9. Under Contract: At this point, you and the buyer have agreed to all of the terms of the offer and both parties have signed the agreements.

  10. Final Details: While under contract, the buyer will work with their mortgage provider to finalize the loan and perform other due diligence.

  11. Inspection: The buyer will usually perform a physical inspection of the home. They may even ask you to make certain repairs. Your agent will explain all of your options regarding the inspection.

  12. Closing: This is the transfer of funds and ownership. Depending on when the buyer moves into the home you will need to be all packed up and ready to move.

Comments

Post a Comment

Popular posts from this blog

Image
THE PRICE IS RIGHT: WHAT YOU SHOULD KNOW ABOUT PRICING YOUR HOME One of the most daunting parts of selling your home is deciding what to price it at. You don’t want to price too high and get little to no traction but you don’t want to price too low and undervalue your home. There are so many things to take into consideration, so we’ve outlined the top XXX things you should do before you list. Enlist the help of a local expert. Local agents have years of experience in the market you are selling in, plus have a lot of industry expertise to bring to the table. They will factor in the unique offerings of your home and neighborhood and your wants and needs for the sale of the home to help you properly price. Research homes for sale in your neighborhood. It’s always a good idea to do a little recon on homes for sale in your area. View current and past listings online to find homes that have similar features and were built around the same year as yours to get an idea of prices. Open ho...
Read more
Image
FIVE THINGS TO KNOW ABOUT HOME INSPECTIONS Home inspection is an important part of the home sale process, both for buyers and sellers. When it’s time for you to hire an inspector, here are five things you should be thinking about:  1. It’s your choice: You are not bound or obligated to use any particular inspector. Your real estate professional may have some recommendations, but it’s ultimately up to you. Ask around and choose wisely—better to pay a little more now for a highly-respected inspector than to be surprised by a problem that the inspection didn’t reveal.  2. Looking for big problems: The inspector will be focused on the integrity of the home—safety, electrical work, foundation, load-bearing walls, etc. The inspector is not there to point out problems with ugly paint colors or light fixtures.  3. The report: There are hundreds of items to inspect in a home, so the inspector’s report will focus on the basics: What’s damaged, what needs repaired, etc. The...
Read more
Image
WHAT TO DO WITH AN UNFINISHED BASEMENT Although currently dimly lit and a little rough on the eyes, your unfinished basement still has a lot of potential. With just a little love and the help of the following ideas, you can spice it up in no time and get some great use out of the space. Add a pop of color. Give your basement a whole different look without a big renovation by adding some color to the space. Consider painting and sealing the floors, opening up the room by painting the rafters white or a light color, or creating a bold accent wall. Divide the space. Want to make your basement a multi-use room? Partition out the area by installing an inexpensive curtain system. This can be done either with a curtain track or a simple wire, some hooks, and curtains will suffice. Add foam mats. Whether you’d like to use the basement as a home gym to get a quick workout in or a place for the kids to play and rough house, adding some foam mats into the mix is a great and easy solution. ...
Read more