Whether you’ve made the decision to list your home or you are still on the fence, it helps to be more familiar with how the whole process works. Below is the entire process of selling your home broken down into steps to help you better understand what takes place!
All transactions are different, below is a summary of how the process goes most of the time. Depending on contract terms, you could choose to have a week of occupancy, so you wouldn't give over the keys until after closing. Or maybe the buyers purchase the home in cash, meaning none of the financing requirements, such as an appraisal, will be necessary. Whatever the case, I'm here to help you every step of the way and I am always happy to answer any questions you may have.
When you decide to list, you can give me a call and I will come out to evaluate the property. There’s no commitment to list, this meeting will primarily be to further your knowledge on your home’s worth and to talk about what could be done to maximize your profit if necessary.
During my visit, I will come equipped with a list of comps (a CMA) that will help estimate a listing price for your home. Based on market value and your own personal needs, we can together determine a listing price that you are comfortable with.
Once all the details are in order, you can begin to prepare your home for the market. Fix any little imperfections, store away any personal memorabilia, and depersonalize the space. Buyers try to imagine themselves living in the home, and it helps when the home is clear of most personal items.
Once your home is ready for the market, I will take professional photographs of the home and officially list it for sale! Along with listing, I will market your home on all platforms and create local ads.
Potential buyers will schedule showings either with myself or their own realtors. I will make sure you are aware and approve of every showing before confirming the appointment. I provide instructions to any realtors showing the home based on your needs such as turning off lights, removing shoes, lock all doors, etc.
I will present each offer that comes in from interested buyers. Usually there’s a few to pick from. We will go over terms, negotiate if necessary, and pick the best offer.
Once you and the buyer have agreed to all terms of the offer and both parties have signed, the home is Under Contract.
During this time, the buyer will have a professional inspect the home. If any repairs need to be made, this is the time we would negotiate those if necessary. The buyer will also work with their mortgage company to start the loan process.
Before the buyer’s loan can be finalized, they will need to appraise the home. The lender will send a professional out to the property to do this. As long as everything goes well, the bank then finalize the loan.
At this time, you should begin packing up your home and moving out to ensure it's done before closing. Moving out isn’t the case if you have any amount of occupancy, but it still helps to have odds and ends packed up.
When all documents are in order, underwriting is complete, and the buyer's loan is approved, you will receive a Clear To Close. Once you have the CTC, you can then schedule your Closing Day!
During closing, both buyer and seller will sign all closing documents to transfer ownership. The funds will be wire transferred, usually by the title company. And the keys will be exchanged (Depending on occupancy terms). Happy Closing!