Selling a home in today’s economic status may be difficult, but it is not impossible. It is a process that can become lengthy but is well worth it in the end. There are things you can do to improve your chance of selling your home at a price you are comfortable with. It is just a matter of following the process and doing what you can to put a top notch home on the market.
You Need A Realtor
The first step in the process is to contact a real estate agent who you can trust. You will want to be sure they are familiar with the neighborhood. Another trait you want in an agent is one who works with both sellers and buyers so they can give you the buyer’s point of view as well. You will rely on your real estate agent to help put your home on the market, show the home to prospective buyers, write out contracts, and deal with closing.
Fix It Up
The next step you want to look at doing is making any repairs or modifications you can to increase value and appearance. Some of the basics you want to take care of are painting, fixing any holes, leaky faucets, and other minor improvements. Your agent might also have you do a deep clean and remove any clutter to boost appearance during the showing phase.
Show It Off
Showing your home is a part of the process you do not want to turn down. It is proven that homes sell a lot faster if the buyer can see it in real life rather than just on paper. Many buyers will give little or no notice to when they want to see the house so be prepared at all times if possible. Let the buyers look freely, do not hover or try pushy selling as this will make them feel uncomfortable. Buying a house is not like buying a car.
The Contract
The buyer will work with their agent to draw up a contract. Then they will send an offer over to your agent who will then present the offer to you and decide whether to negotiate or settle. Once there is an agreement both sides will sign the contract and the buyer will write a check for the earnest money showing they are serious about buying the house.
Closing Attorney
Most states require that a lawyer be present during the closing phase of the process. Many sellers will use the same lawyer as their buyer to keep it simple. The lawyer will then draw up a deed.
Home Inspection
The will have a home inspection completed by a professional inspector. If there are items that need to be repaired or replaced the buyer will create a list for the seller. The repairs will be negotiated between the buyer and seller. Another thing to inspect for is termites. The seller is usually required to have the house inspected for termites, wood rot, mold, and moisture.
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