10 Steps to Selling a Home
There are a number of steps to selling your home, and the basics are outlined below. They may not always fall in this order, some steps may occur at the same time, and some steps are more extensive than shown here, but the below list will provide a general idea of what to expect. Know that selling your home can be a lot of work, but the final result can be so rewarding!
I will provide a free report of recently sold homes comparable to your home, so that we can determine a range of what your home is most likely to sell for in your market area.
I will make suggestions regarding what could be done to your home to make it most appealing to buyers and bring in the best price.
You and I will sign an agreement giving me the exclusive right to list your home for sale. The reason for this is so that you know I will commit my expertise, time and money to market your home, to negotiate on your behalf and to get you the best deal possible. It also lets me know that you are committed to working with me through the process.
After evaluating the market, the repairs to be done and the commissions to be paid, we will further discuss the market value range and decide on a good listing price.
Once the home is ready, marketing begins. This could include open houses, posting videos and virtual tours online, marketing the home on relevant social media channels, posting on real estate websites, hand out fliers to the neighbors when relevant and putting a for sale sign in the yard.
You will decide which offer you like best and I will negotiate with the other agent on the price and contingencies. Once you and the buyer agree on the terms, both parties will sign the contract.
A licensed inspector will inspect the home and list any items that may be of present or future concern about almost everything inside or outside of the house. Sometimes unexpected items come up in an inspection, such as rodents making a home in your attic or the gutters being insufficient. In such cases, the buyer will often either want the seller to make the repairs, or provide money towards closing costs to help pay for those repairs. If changes to the contract are requested at this time, the agents will negotiate further and an amendment to the contract will be signed.
The title company will make sure there are no limitations to the house being sold and the lender will work with the buyer to secure funding.
You will sign over the house, you and/or your current lender will receive a check for the house and the keys will be handed over to the buyer.