Sellers Guide 

 

1)Connect with a real estate agent.

 

Real estate agents make the selling process seamless with their education and experience. They have the knowledge to help market your property and implement strategies to attract the most number of buyers.

 

Some questions you ask:

How do you get my home ready?

What is the cost of selling my home?

How much is the commission? 

How will you market my home?

 

 2) Find out the value of your property.

 

A seller's biggest mistake is overpricing their property because a buyer would not overpay for the property. It is crucial to list your property for the fair market value price. A real estate agent can provide you with a Comparative Market Analysis report, which determines the property's price range similar to your area.

 

 3) Prepare and stage Your Home for the Sell.

 

Real estate agents will use their experience to assist you in preparing your home for incoming buyers. Real estate agents can give recommendations by doing a walking-through of the property and giving pointers on what to clean, repair, and or replace. In the end, you have the choice to take the suggestions. You don't need to remodel or fix every single issue that can come up; the goal is to make the property presentable and resolve anything that could bring down the value of the property.

 

Staging is the process of preparing the property for the buyers. The buyer should be able to picture what the property would look like if they lived there. Recommendations for home staging are listed below:

 

  • Removing items personal items such as family photos from the walls and other memorabilia. 
  • The rooms must have an uncluttered appearance. This will make the property more spacious. 
  • Clean everything and get rid of any odors.
  • Let natural light in by opening windows and curtains.

 

4) Schedule showings with potential buyers 

 

  • Be flexible when making appointments with the buyers. 
  • Buyers can sometimes only be accessible after working hours or on the weekends. Providing a lockbox or keypad for entry so agents can accommodate potential buyers' schedules.

 

5) Receiving offers and what happens when you accept the offer. 

 

You should receive many offers as you listed the property at an acceptable price. You should consider all the offers, even if they send an unreasonable offer. You have the opportunity to negotiate by sending a counteroffer. After you accept the offer, the buyer sends the funds to the listing brokerage, which is deposited into their trust account as stated in the purchase and sale agreement. You can keep the deposit if the buyer does not want to continue with the transaction. 

 

6) Home Inspection and Appraisal.

 

The buyer will likely hire a property inspector to investigate and find issues within your property. The buyer does this to protect their interest and make the right decision in purchasing the property. If the home inspector discovers problems, you will be asked to fix the issue before the sale is closed. Also, the buyer can ask to renegotiate a price to allow any repairs if needed. In this period, the buyer can terminate the contract if too many things need to be fixed or if any significant issues are found in the property. Appraisers protect lenders and buyers and ensure they are getting a fair price. The lender will ask for an appraisal around the time, determining the proper amount for the buyer. 

 

 

7) Completing the Sale

 

The sale will be complete when all the mandatory paperwork is finished, and the lender gives the mortgage. Your agent will tell you when the closing date is and what items you should bring that day. The funds will be transferred or wired to your bank account, or you'll be given a check for the final amount.