The prospect of selling your home to someone else is exciting and daunting. However, a home sale can be stressful, to say the least. So, If you are contemplating selling your home, you, therefore, have to know all those steps that are involved in the process. For some homeowners, the decision to sell their homes is complex and needs careful consideration before taking action. By deciding to sell your home, you are obligating yourself to complete all the processes involved.
In addition to knowing all those steps that make up the home selling process, you should also know how efficiently professional real estate agents will carry them out.
The involvement of any party in a real estate transaction should be limited to just one agent. Multiple agents indicate difficulty closing a deal because every agent has a different plan. Here is a list of steps you need to understand about a home selling process.
Make sure you choose a listing agent that you trust, listens to your needs, and is committed to helping you sell your home. Make sure to meet up and interview at least three agents before making your decision.
The home value is the amount of money you can expect to receive at the end of the process. If you are not sure about the current values, then you should talk to your listing agent, who will be able to give accurate information.
Once you have established the value of your home, you will then want to prepare it for sale. The buyer's first impression of your home is usually the most important. Their first impression makes them want to see what else the home has to offer or not. Remove unnecessary furniture and clutter from your house, scrub and clean all windows and mirrors, and remove cobwebs from the ceilings.
Once your home is prepared for sale, you must do an effective marketing campaign. The best way to market your home is by going through all the local newspaper classifieds and online advertisers, and for those that are not online, contact all your neighbors and friends that have houses for sale in your neighborhood. Call your agent to schedule an open house. Your agent will post open house times for all potential buyers and talk about the listing to all their clients.
The listing agent coordinates with a buyer's broker or agent to set up appointments on the day of the open house. After the open house, buyers will call your agent to set up an appointment.
If a buyer makes an offer, you should inform your listing agent and ensure you get the offer in writing before accepting.
Eliminate all possible problems by having the title of your home examined. The buyer's attorney will look at your title to ensure it is clean and clear to avoid any future hassles. Once the title check is completed, you need to schedule a home inspection of your house by a professional. You also want to ask your agent to help you get an appraisal done because this will show the potential buyer if there are any problems, such as a structural defect or an unsafe situation.
After everything is cleared, you should prepare the buyer's disclosure forms. This only involves a written list of problems that you are aware of. All problems must be disclosed about your property. If there is any repair that the buyer wants to make, you should negotiate with them and ask them to agree on how the utility bills will be handled after the repairs are done.
Next, you must have a written agreement signed by both parties stating all terms of the sale. The buyer must release their contingencies before you close escrow on your property. The title and escrow documents need to be signed by both you and the buyer, after which the closing will occur. Transfer the title to the buyer.
MediaQuest
Unit 1603, JBC 4
JLT Cluster N
Dubai,
United Arab Emirates
