Home Selling Process
Selling your home is a personal process that involves a lot of preparation. Letting go of memories can be hard, but we’ll help you make the best of your experience.
Find the right agent
You’ve decided you want to sell your home--great! Now it’s time to work with someone who’s knowledgeable about the market, well connected, and can help sell your home quickly. That’s where your realtor comes in. At Realty.com, our agents use their localized expertise and experience to guide you through the home selling process with ease.
Estimate your home’s value
The value of your home changes over time due to a variety of factors including the housing market, upgrades to your home, or changes in the neighborhood. That means the price you sell your home for likely won’t be the same as what you bought it for. Your agent will be able to give you an accurate valuation of your home based on competitive market analysis; this generally relies on the pricing of similar homes sold in your area.
Get your home ready to show
You don’t want any barriers to come between you and the sale of your home. That means preparing as much as you can before showing your home to potential buyers. Some ideas include freshening up outdated fixtures, repainting walls, maintaining your lawn, decluttering your home, and keeping on top of your home’s cleanliness.
For more ideas, click here home selling tips page.
Market your home
This one is a team effort between you and your agent. While your agent will be responsible for getting your home on the MLS (and Realty.com), introducing your home to their network of realtors and buyers, putting up For Sale signs in the neighborhood, and making sure your home is in tip-top shape for open houses, it’s important you put in some legwork, too. That includes getting the best photos (or even a 360-degree tour of your home), posting about your home on social media, and making your home as inviting as possible.
Get offers and negotiate
Here comes the fun part! People like your house and the offers start rolling in. Don’t be afraid to make a counteroffer if someone lowballs you on a price. Conversely, multiple offers means a bargain war is possible and could bump up the asking price of your home. If you’re not getting the response you expected, talk to your agent about what you can do to make your home more appealing. This includes making small aesthetic changes or lowering your home’s price to be more competitive.
Buyer appraises home
Once you’ve accepted an offer on your home, it’s likely the buyer will want to appraise it in order to receive a mortgage loan. Appraisers are trained professionals who are licensed to give a valuation of a home on behalf of the mortgage lender. They generally look at your home’s physical condition (versus more superficial aspects such as furniture or decor). Be sure to repair any issues that may stand out when they come to check out your home.
Title and escrow
Your agent can put you in touch with a respectable company to handle your title. Title companies ensure the deed to the home is legitimate and that there are no issues with the property including tax liens, unpaid debts or taxes, etc. The title company also generally acts as an escrow agent between the buyer and seller. They are a middle agent that takes care of important documents and deposits while you and the seller agree to exact terms. This ensures that both sides get paid what they are owed and that the closing goes smoothly.
Cooperate with the home inspection
Before you close on your home, the buyer will likely want to hire an inspector. Before the inspector steps foot inside, it will be helpful to ask for the inspector’s checklist first. That way you can attend to and make any necessary changes before they arrive. On the day of the inspection, keep pathways clear and pets out of the way. Depending on the inspector’s report, the buyer may try to negotiate repairs or other compromises into the contract.
Close the deal
Once all the details of the contract have been sorted out and the closing date has been defined, it’s now time to close escrow and transfer the deed. The title company will let you know when this process is complete.