What to expect when selling?
When entering the market to sell your home, you should keep a few things in mind. The process of selling your home requires persistence, preparation, patience and a bit of hard work. Here’s a look into the process of selling a home from start to finish.
Choosing the right representation is an important part of the process regardless of whether you are buying or selling. The job of your real estate agent is to represent you and your best interests. The best agents listen to your needs, interests and concerns throughout every step of the process. Ideally, they are experienced in effectively marketing homes, negotiations, transaction forms, financing options and technology options including multiple listing services.
Once you have chosen your real estate rock star, you can get to work on getting your home into tip-top shape. Your chosen expert can provide you with valuable information in regards to what buyers like, do not like and what exactly they are looking for.
Price & Listing
Figuring out the listing price of your home is one of the easiest ways to increase your return on investment. Many factors are considered when determining the market value of a house. These factors include the condition and location of the house along with the sales price of nearby homes and the listing prices of similar homes on the market. Your agent should be able to walk you through a fair market analysis. Giving you details about how much your home is worth and why.
In today’s digital world, merely listing your house is not enough. Many home buyers use a variety of tactics during their home search. The internet plays a major role in the marketing of your home. Your agent should have a thorough knowledge internet and print marketing tactics along with providing open houses and regular home showings.
Showing Your Home
As bothersome as showing your home may be, it is a necessary evil in the process of selling your home. Stay positive. With every showing, comes a potential buyer and sale. Home showings can essentially happen at any time. Ensuring a clean home including beds made, dishes put away and regular dusting, will aid tremendously in the sale of you home. One last tip to remember, make sure to get you and your family out of the house prior to a showing. Many buyers get uncomfortable when looking at a home with the owners there or in the next room.
Once an offer has been made and accepted, a legal contract is drafted. The purchase agreement is a document that describes specific terms and conditions of the purchasing transaction. Both parties acknowledge and agree to the terms by signing the document.
After the buyer and seller finalize their agreement, an inspection is needed. A home inspector is hired to inspect the condition of the home and point any areas that need repairing. Inspected areas commonly include the roof, basement, heating and cooling systems, the structure, plumbing, electrical, the water heaters and sometimes more.
Both inspections and appraisals play a major role in getting the best deal for both the buyer and seller. Almost everything is up for negotiation. For more advice regarding the negotiating of selling your home give me a call.
Escrow is another protection aspect in the purchasing process. All earnest money, deposits, purchase agreement and other documents are sent to an impartial third party. The escrow agent holds on to the documents until specific conditions are met including everybody getting paid and the deed being recorded with county. When all of these are completed, the escrow will close.
Be prepared to sign your life away at the closing. At this meeting all of the paperwork and documents will be reviewed and signed by both parties. After everything is completed and finalized, the selling process is complete. Congratulations, you just sold your home!
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