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Meet & Greet - Meet with your agent and discuss a game plan on proceeding with your selling process.
2. Surmising your wants and needs - Discuss your timeline to move, wants, needs, expectations on timeline. Why are you selling? Where do you want to move next? What type of a house do you want? How many bedrooms/baths? What do you like about your current home? What would you like to add?
3. Comparable Market Analysis -
- First Walk Through: I will walk through your home, take photos and discuss the attributes with you including any changes, fixes and upgrades you've performed since you took ownership.
- Presentation: After meeting with you and collecting all of the pertinent information about your home, we will set up a time for me to return and go over my findings. I will search for comparable homes in your area that have sold within the last year. Then I will assemble a report showing you the statistics, the properties I used for the market analysis, and put together a market plan.
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4. Listing your home -
- Preparing your home for the market: Statistically a clean neat home with few needed repairs will usually sell quicker and at a higher price than a home that has a lot of clutter and needs major updates. I will offer suggestions on preparing your home and give you some checklists to use to make it look its best. I can also offer ideas on staging your home and offer professional companies to give you bids.
- Listing and Showing your home: Once your home is ready, we will list your home with the Multiple Listing Service, and begin marketing it to the public and other real estate agents. I will give you another checklist to use when preparing to show your home. An example would be to turn all of the lights on, remove any valuables or prescriptions drugs…etc.
- Marketing your home: I will have an ad for the Sunday paper for your first public open house (unless we decide otherwise) and we will plan for other open houses if it does not sell in the first 2 weeks. Also, we will have flyers prepared for the public to access necessary information about your home. In addition, I will market your home to all agents in this area including your home on my office tour roster so they can get their buyers in there as soon as possible.
- Time Line: I will give you an estimated time line when we discuss your market analysis, and keep you updated on any changes that may occur.
5. Receiving an offer - When we receive an offer from a buyer, I will sit down with you and discuss the terms of the agreement and point out the strengths and weaknesses of the conditions. I'll also offer advice how we should proceed.
- Negotiation process begins here. I will work to get the best terms and conditions for you.
- Earnest Money - usually a monetary deposit made at the time the offer is presented to show that the buyer is serious about purchasing the home. The money goes toward their closing costs and down payment but is used as compensation to you if the buyer rescinds their offer without a legal reason. A rule of thumb for amount is about 2% of the sales price of the home.
6. Home Inspection - Once you've agreed to the terms of the purchase and sale agreement with the buyer, an inspector will come out and inspect the home.
- The inspector will perform a structural and pest inspection of the property making sure the home is in livable condition. He will point out the good qualities and anything that needs attention.
- You should leave for the period the house is inspected which is between 2-3 hours.
- The buyers will respond with their findings on the inspection. We will discuss your options and then respond to the buyer.
7. Appraisal - Once all parties are satisfied with the inspection and the terms of the offer have been accepted, the buyer's lender schedules an appraisal to qualify the sales price.
8. Escrow - After the appraisal is finished and the lender satisfied, all paperwork goes to escrow. Escrow operates as an impartial third party who handles the signing of all documents, disbursement of funds, and recording of records with the county for both buyer and seller.
9. Signing - signing off on the sale of the property occurs several days before closing at the escrow office. This takes about 1-2 hours to get everything signed.
10. Closing & Possession - Closing happens on the date agreed upon in the purchase and sale agreement. Ownership is transferred from you to the buyer and the new information is recorded with the county. Possession can also occur on the same date as closing or an agreed upon date between you and the buyer. Contact me for a free Comparative Market Analysis for your home! |