Recent Seller Question: "Help! I’ve never sold a house before. Where do I start? What are the steps in the process?"
Great Question!
There are 100’s of steps involved in the home sale process and no two transactions are exactly alike, but we’ve put together a list of the most common activities so you’ll know what to expect!
Listing Process:
- Invite Real Estate Agent to tour your home (Don't worry - it doesn't need to be "show ready")
- Ask lots of questions & decide if this is who you want to hire -- if not, keep looking!
- Determine the List Price based on your Broker's recommendations
- Sign Listing Contracts
- Get all paperwork filled out and ready for listing
- Staging recommendations (#1 - declutter)
- Prepare property for its debut to the public (think "school picture day" -- clean & looking it's best!)
- Photography appointment
- Sign in the yard and property goes live (now the neighbors know -- let the gossip begin!)
- Marketing plan rolled out (now everyone knows!)
- Showings & feedback (what buyers thought of your property)
- On-going pricing & staging strategies based on activity and feedback
Offer Process:
(For your planning purposes, the time from accepted offer until day of closing usually takes 30-45 days.)
- Receive an offer & continued negotiations until agreement is reached
- Inspections & negotiations on requested repairs (they always find something!)
- Appraisal completed & value approved by buyer’s lender
- Agreed upon inspection repairs completed by seller (or contractors)
- Buyer loan processing continues
- Packing -- lot's of packing!
- Coordinate movers, trucks, storage units... (calling all friends and family)
- Clear to close from lender (underwriter loan approval -- Happy Dance!!!!)
- Final Utility Reading (plus stop or forward mail, papers...)
- Celebration Table (more commonly called Closing!)
- Moving Day (calling all friends and family)
- Transfer Possession (normally 0-3 days after closing)
A great agent will be there every step of the way and will walk you through the process from start to finish!
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