Important Steps to Follow in the Home Selling Process

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The home selling process can be one of confusion and frustration. Whether you are selling on your own or you’re hiring a listing agent, this list can help as guidelines in this time.

Choose a Listing Agent

A listing agent is the person that represents you looks out for your best interest. Don’t take this task lightly, it is important to find someone who will be along side you each step of the way.

Find Out How Much Your Home Is Worth

One great mistake sellers make is listing their home with an over estimated price tag. Keep your price within the same realm as homes sold in your area during the past few months.

Get Your Home Ready for Sale

Part of the home selling process is getting the residence prepared for walk-throughs. Cleaning and de-cluttering a space can seem over whelming, but there are professional stagers you can hire to help clean, stage and take photos of your home. Keep in mind, you only get one shot at making a great first impression on potential buyers.

Market Your Home

Another important reason to have a home selling agent is for their expertise in finding those key selling points. Find the best advertising words for those key selling points with your agent and market you home to potential buyers.

Show Your Home

It is easy enough to guess what to do at this stage. Agents with lock boxes are able to show more potential buyers your home rather than forcing those buys to make an appointment. One trick in showing your home is listing in spring. If it seems people are not buying, ask for buyer feedback! Listen to what potential buys are looking for: adjusting price, condition or marketing campaigns.

Receive Purchase Offers and Negotiate

Be prepared to receive multiple offers if you have your home priced just right. Negotiate with a counteroffer and never ignore any offers. Don’t be afraid to counteroffer with the full price of the home if the home selling market’s conditions are right.

Open Escrow and Order Title

Your agent will open an escrow and order a title policy for you. Write down the contact information for the closing agent and select a specific date to close based on when the buyer’s loan will fund. ALWAYS remember to ask for a receipt for the buyer’s earnest money deposit.

Schedule an Appraiser Appointment

The day before an appraiser comes, clean your home. If you receive a lower appraisal than  you were expecting, ask your agent what you can do alternatively.

Cooperate With the Home Inspection

Ask your agent for a home inspection checklist to prepare your home for the inspector. Don’t forget about going through the attic and the basement as well. Prepare for the final walk-through inspection with the buyer as well. This could even be scheduled for the morning of closing.

Obtain Seller-Required Inspections

If there are any sections in the contract that call for an inspection, it is recommended to hire a reputable company to conduct the inspection. These reports may require a replacement of what was inspected. The fees for all inspections are usually negotiable.

Negotiate Requests for Repair

The buyer is able to negotiate repairs on the home before the contract is signed, which you do not have to accept. Although, if you decided to decline the request for repairs, the potential buyer may withdraw their offer to buy the home. Maybe instead of making the repairs, the buyer will agree to a closing cost credit. The seller is entitled to a copy of the home inspection reports if the buyer requests repairs.

Close Escrow

The title company will notify the seller and the agent when the public records are updated on the deeds. Depending on the negotiations, the seller may be required to move on the day the home closes, in some cases it is even before then.

Home selling and buying can be a long process. If you stick to this checklist, it can make the process smoother.

 

We can help you list and sell your home!
Give us a call today to set up an appointment.

Homes In Weston, FL
(305) 904-9410
https://homesinwestonfl.com

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