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Selling
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SELLING
Thinking about selling? I have compiled this checklist to help you become a savvy seller and find your ideal buyer.
1. Decide to Sell
So you have decide to sell your home, whether it’s because you are moving to another town or state, or you want to live in a smaller or larger space. If you plan to purchase another house, we advise that you sell your current one first. By equipping yourself with the right realtor, tools and knowledge, you can minimize the stress of selling and obtain the maximum return on your investment.
2. Find the Right Realtor
Selling a home sometimes be a long, stressful, and costly process. Having an expert on your side will help you get your home evaluated, prepared and marketed. More important, having an advocate who understands the entire process and represents you to find the best and most appropriate buyer is the single most effective step you can take to reduce your stress and ensure a successful sale. More details
3. Prepare the Sale
Your realtor can work with you and your accountant to help you estimate the estimate the potential proceeds from selling your home net of selling expenses which may include transfer taxes, tax withholdings, real estate commissions and in some areas certain legislated repairs. Finally, your realtor can suggest tax savings and estate planning strategies that should be addressed with your accountant or attorney prior to completing your transaction. More details
4. Prepare Your Home
Remember what first attracted you to your house when you bought it? What excited you about it most? When deciding how best to present your home for sale, it is helpful to try to get back into that buyer’s frame of mind. A spruced-up house makes a great first impression on potential buyers. An attractive property grabs their attention and makes them excited about finding a house that looks and feels well cared for. Because buyers believe they’ll encounter fewer problems if they buy it, your house becomes more appealing and stands out from the competition. So if you prepare your home correctly, you’ll save time selling it when it’s on the market. More details
5. The Sale Process
Once you have prepared your home properly for viewing, it is your realtor’s job to bring qualified buyers to the table. In most markets, the combination of the right representative and the right listing price will result in a sold home. If you recognize this early on, it becomes much easier to take a step back from the process, let your professional representative market your home, and minimize your stress. Don’t hesitate to speak up if you think that things are not progressing as they should, but likewise, don’t hesitate to sit back and be comfortable in the knowledge that the sale of your home is being handled professionally and effectively.
6. Accept an Offer
Based on your priorities, price may or may not be a factor in your acceptance of an offer. Your realtor will help you evaluate each offer and related terms and conditions to finalize a transaction best meets your needs. Selling your home requires objectivity during negotiation and your realtor, who is more detached, can best help you with the process. We recommend that you accept an offer from a buyer with a pre-approved loan.
7. Escrow
Once an offer is accepted, the buyer will deposit an agreed amount into an escrow account. Your realtor will help you manage this process, from escrow to inspection, to appraisal, approval, and close of escrow.
8. Home Inspection
Once you have accepted the offer, the buyer and buyer agent will hire a professional to inspect your home. A proper inspection will cover all areas of the house including foundation, electrical, heating, plumbing, floors, walls, ceilings, attic, roof, siding and trim, porches, patios, decks, garage and drainage. A professional inspector can give you an objective view of the property, with a written report, indicating the present condition and items that will need repair, if any.
9. Appraisal & Close
Once the buyer has applied for a loan, the lender will send an appraiser to visit the property. As for a copy of your appraisal. Your realtor will keep you apprised of the appraisal process and when the escrow ends, which is when your house officially belongs to the new owner.
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