Home Selling Process

Even in the seller’s market, a house does not sell overnight.  From listing your house to receiving that final check at closing, the process requires you to be patient.
This article goes through the home selling process and what you should expect from each stage.

Find a Reputable Real Estate Agent

By working with the right realtor, you can expect your house to be sold quickly for the highest amount of dollar.  Your realtor will present a marketing plan that explains what they will do to get your home sold.  Also, the agent will prepare a comparative market analysis to inform you of how much the similar houses have sold for in the area.

Where Are You Moving?

Determine where you are moving to next. If you are are purchasing a new home, ask your realtor about when you should start looking for your new home.

Clean, Stage, and Repair

Clean your house on a regular basis to always prepare for potential buyers. Store all your unnecessary belonging and remove the clutters to make areas appear more spacious and clean. Also, consider painting your walls as it is one of the most cost-effective improvements you can make.
Take time to patch small holes in the wall and replace cracked tiles. It doesn’t hurt to make minor repairs like this as it can be done inexpensively at ease.

Take Professional Photos

Many buyers will find your house online. It is essential to take professional photography to give a great first impression of the home. Studies have shown that home listed with professional photos have sold for thousands of dollars more.

List Your Home

There are better times for homes to go live on MLS as the day of the week you list your home can impact the number of buyers who will view it. Strategize with your agent about when to put your house on the market.

Monitor Your Listing

Once your home is on the market, you should have buyers requests for showing. Your listing agent should call each buyer or their agents and ask for feedback on the house. Based on those feedbacks, your agent should best advise you on how to act on it.

Evaluate Offers

Your agent will present all the offers, advise you on counteroffers and inform you of all your rights and responsibilities related to the contract.

Acceptance

Sign the offer and negotiate the inspection repairs. Discuss with your realtor on what repairs requests to accept what not to.

Closing

The ownership of the property will be transferred to the buyer. The title company will act as a third party to facilitate the closing.

Conclusion

All real estate transactions are different, and you may come across some issues during the process.  But by understanding your responsibilities and by working with the right professionals,  selling your home can be one of the most rewarding experience.

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