Sell Your Home in Ten Easy Steps

Sell Your Home in Ten Easy Steps

Sell Your Home in Ten Easy Steps

1- Representation

A full-service real estate agent’s job is to represent your best interests through every step of the sales process. Your agent should listen to your needs and understand the market in which you are selling a home. They should be experts in marketing, negotiation, transaction forms and finance options. Your agent should also understand technology and how it can enhance the marketing of your home.

2- Price

Determining the right price is by far the most important part of achieving the highest return. There are a lot of factors that go into determining a home’s market value. First to consider is the sale price of nearby homes that have recently sold along with the listing price of similar homes currently on the market called “comps.” The condition and location of your home are next to consider. In order to determine the price, your agent will provide a comparable market analysis which walks you through what your home is worth and why.

3- Prep Work

First impressions are key when selling a home, so before the ‘for sale’ sign goes up, put in the time to make sure your house is in model home condition as much as possible. Fresh paint, clean closets, and cheery flowers are some examples. There’s a lot you can do to make even the most humble of abodes look like a million bucks. 

4- Marketing Your Home

A marketing plan for your home will attract interest from the right types of buyers. Today, the vast majority of homebuyers use the internet in their home search. Include focused, online activities in addition to print advertising and open houses.

5- Home Showings

Showings can be inconvenient, yet are a necessary part of the home selling process. While your home is on the market, potential buyers can request to see the house with little notice. So it’s important to maintain a certain level of cleanliness, such as, no dirty dishes in the sink, beds that are made, no visible dirty laundry, carpets vacuumed and furniture dusted regularly. Also, it makes buyers uncomfortable to tour a home when the owners are in the next room, so prepare a local place to vacate your home during a visit. It will help the buyer feel more at ease, and you can leave selling to the agent.

6- Purchase And Sale Agreement

Once a buyer makes an offer on the property and it has been accepted by the seller, they enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties by signing the document. The realtor representing the seller usually makes the update in the MLS system.

7- Inspection

A professional home inspector is hired by the buyers to investigate if the home is in need of repair. The inspector will check every nook and cranny along with the obvious such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterward, buyers will have a chance to negotiate with the sellers to cover the costs of certain repairs or to ask for concessions.

8- Negotiation

Whether you’re a buyer or a seller, skillful negotiation is the key to getting the best deal. Negotiations can involve everything from settling on a final price to concessions or special financing terms. Tamer Realty is an expert at negotiating. It is your agent’s job to represent your interests during the give and take of a real estate transaction as if it’s their own house for sale. Let them go to bat for you.

9- Escrow

Once an offer is accepted and a closing date agreed upon, escrow allows the buyer and the seller to have an outside party ensure all parts of the contract are complete. Tamer Realty can help coordinate all of the necessary forms with the escrow company and monitor the escrow process until the transaction is complete.

10- Closing

Closing usually takes place at a title company where a large amount of paperwork will need to be signed by the buyer and seller. Prior to closing, you’ll receive a settlement statement outlining any fees which may apply to you. Both parties pay any settlement fees and the documents are officially recorded. This completes the selling process.