Now is a great time to sell your home! The level of inventory is very low and many buyers are looking for homes. Below are the basic steps to sell your home.
Step 1 Initial Consultation
To sell or not to sell…If you are wondering, contact me and request a no-obligation, free initial consultation. You may have many questions about selling your home. How much will I net from the transaction? Can I afford to buy a home I love after selling my current home? Should I add a room instead of selling? Can I buy my new home before selling my current home? I will try answering all your questions and walk you through your options.
Step 2 Set the List Price of Your Home
It’s important that your home is priced properly from the start. You’re always better off setting a fair market value price than setting your price too high. Many factors, including market conditions, will determine how much you can get for your home. Pricing is part art, part science. I will provide you with a complimentary CMA (comparative market analysis) report to assist you in pricing your home.
Step 3 Prepare Your Home
The condition of your home will affect how quickly it sells and the price the buyer is willing to offer. First impressions are the most important. I can help you take a fresh look at your home and suggest ways to make it more appealing to buyers. Focusing on something very simple that can be easily fixed or made better is the most cost effective. Getting rid of clutter is also very important.
Step 4 Market Your Home for Maximum Exposure
Your listing will get maximum exposure from day one. Marketing activities include; networking with other agents personally and through the Multiple Listings Service (MLS), marketing to the general public through online websites, virtual tours, flyers, a yard sign, open houses, social media, direct mail, mass email campaigns and more. Professional photos are an absolute must. Click here for more details.
Step 5 Receive an Offer
Most offers to purchase your home will require negotiations to come to a win-win agreement. This is where having a real estate professional can be a big advantage. Once both parties agree on terms and have signed a written offer, the document becomes legally binding. Escrow allows the buyer and the seller to have an outside party ensure all parts of the contact are complete. I will help coordinate the completion of all necessary forms to the escrow company and monitor the escrow process until the transaction is complete.
Step 6 Buyer’s Inspections and Removal of Contingencies
Contingencies are clauses that, if not met, will render the contract null and void. The most common contingencies include home inspection contingency, appraisal contingency, and loan contingency. A professional inspector will inspect your home during the contingency period (Usually 10-21 days from the acceptance of the offer.) I will serve as your advocate in communicating with the buyer’s agent about the buyer’s concerns. After a home inspection, the buyer may request repairs.
Step 7 The Move
Once the buyer removes all contingencies, the transaction is usually a done-deal. Unless special arrangements have been made, you will need to move out of the house before closing day. I can recommend moving companies and guide you through the transfer or the cancellation of your utilities.
Step 8 The Big Close
At the closing, the escrow company requests a recording of the deed and wires the net proceeds of sale to you. Following the recording, the buyer becomes the owner of the property and takes possession.