˃ Contact your RealAgent to set up a time for one of their licensed REALTOR®s to come out and view your home. At that time, you will need to provide your agent with your property address and other pertinent information regarding the subject property.
˃ Your RealAgent will perform a CMA (Comparative Market Analysis) to price your home at Fair Market Value and discuss our marketing options as well as prepare your home for listing. At that time you will discuss net proceeds, agent commissions and possible offer scenarios.
˃ Prepare your home to sell.
˃ The agent will photograph your home and place a lockbox on the door and sign in the yard. The home needs to be picture perfect and de-cluttered at this time.
˃ Communicate with your RealAgent to define showing instructions. The more accessible you make your home, the higher the probability of it selling faster.
˃ Talk to your RealAgent about holding an Open House for more exposure and to gain buyer awareness for your property.
˃ Your RealAgent will present all offers to you, and in a timely manner. Discuss the offer(s) thoroughly with your agent and be prepared to counter offer or sign the contract.
˃ As a seller, you are allowed to hear ALL subsequent offers while your contract is negotiated (or finalized). Until your contract is signed by both you and the buyer, it is not binding.
˃ The buyer will submit earnest money which is then deposited in escrows with the title company stated in the contract.
˃ Most of the time, a buyer will choose to have an option period written into the contract. This is typically 10 days in length, and it allows the buyer to pay a fee directly to the seller (usually $150). The option period protects the buyer’s earnest money should they opt out of the contract during the option period. It is during this time frame that the buyer will hire an inspector to inspect the home.
Inspection and Final Walk-through
˃ Buyers will be given the opportunity to have a home inspected by a licensed residential home inspector prior to completing the purchase. This is generally done during the “option period.” This will allow for time to resolve any issues discovered by the inspector and allow for possible re-negotiations if necessary. Though optional, it is recommended to have the home inspected prior to putting your home on the market. This will allow for discovery and resolution of any issues that could arise later. Additionally, if the home is vacant, the utilities will need to be turned on for inspection.
˃ The day before or the morning of the closing (but usually after you have vacated), the buyer and the buyer’s agent will make an appointment to inspect that the property is in the same condition or promised condition as stated in the contract. Make sure the premises are broom clean and in move-in ready condition.
˃ Your RealAgent or Title Company will provide you with a closing statement prior to closing day. This is usually a day before but can be just hours before your closing appointment due to last minute adjustments. The closing statement will disclose and itemize all fees associated with the closing of the transaction.
˃ At any closing be sure to bring with you your driver’s license or passport, and all certified checks if necessary (closing costs, etc.).
˃ If you had an escrow account with your mortgage company on the home sold, you may get a refund check back from the mortgage company for the escrow balance.
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