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Putting your property on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced team of real estate agents and this easy to follow guide, you can smoothly complete the process. Following these steps will help you prepare so you can get organized and sell your property for the best price possible.
What do you want to accomplish with the sale of your property? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to the Chaggar & White Realty team so we can advise you on your selling price accordingly.
If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. In order to price your home, we’ll discuss any potential liabilities: defects or other issues affecting the property. We’ll help you arrange for a pre-inspection, as necessary, and discuss resource options in order to address corrections. If the property is ready to move forward, you can rid clutter, depersonalize spaces, make repairs, and do a deep clean to ensure your home is in top showing condition and allow buyers to envision themselves in the home.
Knowing how to price your property is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your property could lead to reduced interest, and underpricing leads to receiving less than what your property is worth. Working with an expert team of real estate agents is the best way to determine the right selling price for your property. Experienced real estate agents can determine what other comparable properties are selling for, evaluate the current market, and may even suggest a property appraisal.
We will develop a marketing strategy that is perfect for advertising your property. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. Our team creates a marketing campaign that aims to get the most possible traffic to your listing in the first weeks after becoming a client.
Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. We will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a trustworthy institution and that it is an acceptable offer. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or negotiating appliances or fixtures.
To deem the offer acceptable, we will review the Buyer's qualifications, the terms and conditions of the offer, and review a Net Sheet that includes fees and who will pay them. Once both parties have agreed on the terms and signed all documents included in the Purchase Agreement, the pertinent parties will be notified that the contract is pending!
You have accepted an offer and are now very close to the end of your selling journey. In some cases, your home may need to be formally inspected, surveyed, and appraised. You and the buyer will agree on a list of repairs to be made prior to closing. We will develop and execute a list of deliverables, ensure each action item is paid by the correct party, and items are in order by the closing date. A few days before the closing date, we will contact the company closing the transaction to make sure everything is ready to go. You will be busy packing, making arrangements to move out of the home so the new buyer can take possession.
You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. We will meet with the company closing the transaction to sign the final paperwork and go over any issues that are not yet complete. During this time, you can also make plans to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for entry, codes, service providers, warranties, and appliances that remain in the home.
Once your home is sold, you’re free to take the next step on your journey. Whether you are relocating to a new city, moving into a larger home, or downsizing, knowing all your selling responsibilities are taken care of will help you achieve peace of mind for your new path.
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Kimberly White
Broker | Co-Team Leader
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