A Seller’s Roadmap
Step 1
MEET WITH A REAL ESTATE PROFESSIONAL
Your agent will provide a market analysis, which will help you set an asking price.Strategic pricing - As difficult as it may be, it’s important to review the market analysis and consider your home price objectively
Step 3
PREPARE YOUR HOME
When everything is in place, your agent will put your home on the open market. It’s critical that you make it as easy as possible for potential buyers to view your home.Showings - Potential buyers may ask to see your home on short notice. It’s best to accommodate these requests, as you never want to miss a potential sale
Step 2
ESTABLISH A PRICE
View your home through the eyes of the buyer and ask yourself what you’d expect. Your agent will offer useful suggestions
Step 4
UNDER CONTRACT
If everything goes well, a buyer (and more often the agent who represents them) will present your agent with an offer. You will have the chance to either accept, decline, or counter any offer. If accepted and conditional, you must be cooperative in assisting the fulfillment of conditions.
Step 5
OFFERS AND NEGOTIATION
At this point, you and the buyer have agreed to all of the terms of the offer and both parties have signed the agreements.
Step 6
PREPARE FOR CLOSING
While under contract, the buyer will work with their mortgage provider to finalize the loan and perform other due diligence.
Step 7
FINAL DETAILS
This is the transfer of the funds and ownership. Depending on when the buyer moves into the home, you will need to be all packed up and ready to move.
Step 8
CLOSING DAY!
The closing process finalizes the sale of your home and makes everything official. This is when you get paid and the buyer receives the deed to your home.
CLOSING 101
After closing, make sure you keep the following for tax purposes: copies of all closing documents and all home improvement receipts on the home you sold. Sellers commonly pay the mortgage balance and prepayment penalties, if applicable, other claims against your property, such as unpaid property taxes, unpaid special assessments on your property, document stamps (or taxes) on the deed, real estate commission, legal fee or title insurance premium