Whether you're a seasoned property owner or navigating your first sale, this overview is designed to give you a general understanding of the selling process.
1. FIND YOUR REAL ESTATE ADVISOR
You want to make sure you have the right person in your corner. Your advisor should give you the information you need to make informed decisions, be transparent and communicative, and ultimately support your real estate goals. It’s important to interview multiple Realtors, ask friends/family for suggestions, and find someone who feels like a good fit.
2. HOME CONSULTATION & PRICING STRATEGY
There are many factors to consider when deciding on a price to list your home. No matter how epic the views or centrally located your home is, overpricing your home will only help other people sell theirs. As an advisor, it’s my job to present to you relevant market data and comparable home statistics to give you a sense of the market and a price range. From there, I do a thorough property evaluation and we work together on setting a price that reflects current market value.
3. PREPARING YOUR HOME
This can include staging, repairs, cosmetic improvements, deep cleaning, and more.
4. IMPLEMENT YOUR MARKETING PLAN
Your Advisor’s marketing plan for selling your home should be comprehensive and across all available channels.
5. SHOWINGS
Your home can be shown through agent-only open houses, public open houses, and by-appointment showings.
6. OFFERS / NEGOTIATIONS / ACCEPTANCE
Your Advisor will set a time to review offer(s) from potential buyers. You can either accept, counter-offer, or decline the offer. Once an offer is accepted, they buyer has 3 days to rescind the contract.
7. SUBJECT REMOVALS FROM BUYERS SIDE
After acceptance, the buyer will be working hard to satisfy all the subjects outlined in the contract. This often includes a home inspection, in addition to things like securing financing
8. PREPARATION
Now is the time to start thinking about your move, whether that’s to a new home or an existing property you own. Additionally, You will need to select a lawyer or notary to assist in the completion of the sale.
9. COMPLETION (CLOSING) PROCESS
On closing day, ownership of your home will be transferred to the buyer, and the funds for the sale will be transferred to your lawyer or notary. You will be supplied with a Statement of adjustments and Advisors will coordinate delivering the keys to the buyer on possession day.