Home Selling Guide | A quick look at the home selling process.
This is a general overview of the process; to receive your specific properties marketing plan please contact me directly.
1. Meet at your home to evaluate and review your home’s market analysis, marketing plan, your goals and timeline.
2. Review listing agreement, seller’s disclosure and locate a copy of your survey from when you purchased if available; I will collect these. These can be mostly completed digitally as well.
3. Installation of the sign and showing lockbox.
4. Make any necessary repairs, replace your air filter and light bulbs.
5. Review staging tips and prepare your home for the complimentary professional photography session, video walk thru and virtual tour.
6. Confirm showing instructions with me.
7. Check out your online active listing – it takes 24-72 hours before your home is syndicated through the Internet.
8. I will send feedback from the viewings after your showings so we can coordinate any changes as needed.
9. Once an offer is received we will discuss the offer, and I will present you with an updated net proceeds sheet. We will then decide how we will proceed with negotiations.
10. Once we have a written agreement between you and the buyers we are officially under contract, and your home will be marked pending in the multiple listing service. Showings will almost come to a complete halt.
11. I will deliver an option check to you, this check will be approximately $250 and will be credited to the buyers at closing. This gives the buyer the unrestricted right to terminate for a set term, usually 5-10 days. This will need to be cashed/deposited immediately.
12. The buyers will place an earnest money check of 1% of the sales price with the title company. This will also be credited back to them at closing.
13. Once the inspection is completed the buyer’s agent may present us with a request for repairs or a reduction in the sales price. We will work together and I will negotiate on your behalf. The finalization of these terms also concludes the option period.
14. The buyer’s lender will then order the appraisal; this is a buyer expense. The appraisal is a measurement tool that the lender uses to confirm that there is enough collateral to support the loan. The appraiser will schedule a time to visit the property; this meeting usually takes less than 30 minutes. The appraiser will take pictures, measurements and notes to include in the report. The appraisal will then be given back to the lender. If there is a discrepancy with the appraisal we will discuss further how I overcome difficult appraisal circumstances.
15. The lender will continue to work with the buyer on finalizing the loan and getting the clear to close. Once the clear to close has been issued the buyer will receive the closing disclosure three days prior to closing.
16. Once we have the clear to close from the buyer’s lender we will setup a time to sign the closing documents and fund the transaction. You will need to bring your banking information and your driver’s license.
17. Before closing you will want to make sure the home is in move in ready condition, utilities have been scheduled to be disconnected and any important documents that might be helpful to the buyer are left in a kitchen drawer and all keys and remotes are left in the home or brought to closing.
18. Once both parties have signed and the wires have been received the title company will fund the transaction, this is when everything is finalized and the buyer becomes the new owner.
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