Just like purchasing, selling your property will be a major decision in your life. Most sellers want to sell their home as quickly as possible. And, of course, they want to sell it at the highest price possible. That sounds simple, but it is not. It takes the help of a good real estate agent to aid in setting the price, preparing the home, and marketing the home effectively to attract buyers. Once you are ready to get started, your real estate agent will be an indispensable asset in getting your home sold.
Do you want to find a larger property? Move to a better neighborhood? Moving for work or school? Knowing your motivations will help guide you during the selling of your current home and purchasing a new one. Understanding why you want to sell will also help you establish the right time to sell. If you are relocating for work or school, the process can be sped up to meet your immediate demands.
Properly Prepping and Staging
- Curb Appeal – A pristine landscape, creative touches and clean features will leave a lasting first impression in the mind of even the pickiest buyers.
- Repairs – Simple upgrades can go a long way. So what are you waiting for? Polish those door knobs, apply a fresh coat of paint to the walls and get that leaky faucet repaired.
- Cleanliness – Nobody wants to buy a dirty home. Research has shown that staging a property increases the dollar amount of the offers. Keep your home uncluttered, smelling sweet and well-lit to draw potential buyers to your property.
Strategically Set the Price
You want to make sure that you set the price of your home at the right level for the area. A price that is too high or too low can cause potential buyers to be suspicious of your property, making it hard to sell your home. Your agent can help you determine the best price for your home based on the area and the current market conditions.
Market Your Home to Potential Buyers
Marketing your home will help you sell your home fast and for top dollar. Your home will be pushed across the globe. Hitting more than 73 websites. Your property will be published on our Multiple Listing Service(MLS), Social Media Websites — Facebook, Youtube, Twitter, Google+, LinkedIn, Pinterest, and ActiveRain, and in our monthly eNewsletters. A top quality Visual Tour will also be created to showcase ALL of your home’s unique features, including neighborhood amenities. These tours are optimized for video sites like YouTube. Our world famous yard sign will then be placed on your property. When buyers call the number on the sign rider, I will receive notification and I will follow up with them to see if they have any interest in your home.
Listing agents gladly handle the presenting of your property to potential buyers. Make sure to leave the property during all open houses and showings because buyers often feel more comfortable discussing a property with an agent when the owners are away. buyers often feel more comfortable discussing a property with an agent when the owners
Negotiating and Accepting an Offer
The offer you accept is not necessarily the first one you receive, but once you accept an offer you begin the process of closing. You will likely deal with multiple offers before deciding on the one that is most suitable for you. There are several determining factors to consider when accepting an offer. Price is not always the most important as the initial offer is subject to change. Your agent will be there to help you thoroughly evaluate every proposal and walk you through the process and paperwork step by step. It is important to keep records of everything including the initial agreement and deposit that will be held in the closing agent’s escrow account.
Inspections and Contingencies
Buyers will have the property inspected by a licensed property inspector. Some buyers may even have several inspections including appraisal if the agreement is conditional upon financing. The appraisal determines the value of the property for the lending institution to confirm their investment in your property is accurate.
A closing agent, usually a title company or an attorney, is selected as the closing agent. It is their responsibility to examine and insure clear title to real estate. The closing agent will research the complete recorded history of your property and certify that you title is free and clear of encumbrances (restrictions like leases and liens) and that all new encumbrances are duly included in the title.
Contingencies are conditions that must be met before a contract becomes legally binging. Often buyers include a contingency stating that their contract is binding only when there is a satisfactory home inspection. Before the purchase is complete buyers go over every aspect of your property that was provided for in the purchase agreement including:
- Obtaining financing and insurance.
- Reviewing pertinent documents including the preliminary title reports and full disclosure documents.
- And finally the inspection and outcome.
Depending on the inspection outcome one of two things will happen either each contingency is met satisfactorily and everyone is that much closer to closing or the buyer will request re-negotiations after reviewing the all documents.
After the re-negotiations comes the loan approval pending the appraisal. Once the appraisal is complete and the loan approved, both parties meet on closing day to read, sign and close on all documents.
Congratulations, you just sold your home!