basic information on selling your house
Last week, I described the necessary steps that one should take when buying a home. Now, I will do the same for those who wish to sell their homes.
First, you should make sure that you work with a real estate professional that will guide you through the process of selling your home. In conjunction with your agent, you should determine the asking price by reviewing comparative market analysis. This shows how much homes similar to yours in the same area have sold or are selling for.
Another item to keep in mind when deciding upon your price is the amount of time you are willing to wait for a buyer to make an offer. The process of working with an agent will include signing a listing agreement, which is an agreement between you, the seller, and your real estate agent. It enables your real estate agent to represent you as your exclusive Seller’s Agent. The contract usually includes such items as the length of the listing period, desired sale price, and the amount of commission for the broker. An important factor in determining the right agent is to you know the marketing plan before obligating yourself to a contract. The obvious goal is to sell your home for the highest possible price in the shortest amount of time.
When you prepare your home for the sale, you want to make sure that it has good “curbside” appeal, because buyers often look closely at the outside appearance before they even consider the inside. Make the outward appearance of your home as inviting as possible, but also ensure that the inside shows as being in good condition. Interested buyers for your home will present offers to your agent, who will then present these to you. A seller can accept, reject, or counter-offer . Once you accept one of these offers, a formal contract of sale will be negotiated and signed. Part of the contract usually allots the buyer a certain amount of time to have the home inspected by a Property Inspector.
After this inspection is complete, the Buyer’s Agent will tell you that your home is in a secure contract, and the selling process will continue. The contract of sale says that the sale is subject to a clean and marketable title, which is the seller’s responsibility. Other “must dos” that need to be taken care of before the closing are the appraisal, survey of the property, and final loan approval. After all of the above steps have taken place, there will be a final walk through of the home to make sure everything is in order. And, finally, the closing will take place.
For a wealth of real estate information visit
Diamond Bar Real Estate Info
To Stage or Not to Stage? Preparing Your Home For Sale
In the competitive real estate market, staging has emerged as a key strategy for enhancing a property's appeal and maximizing its sale price. This practice involves decluttering, arranging furniture, and sometimes even remodeling to make a home more attractive to potential buyers. With the rise of online listings and virtual tours, staging has become an essential part of the home selling process, often resulting in a significant return on investment.
Financial Documents A Homeowner Needs For A Successful Foreclosure Workout
We’ve all heard the saying "Ignorance is bliss"; but purchasing a house or condominium with this attitude may be until the collector starts sending a homeowner those inevitable letters and they receive phone call after persistent phone call from their loan servicer…
Home Buyers--What is the Closing and How Can I Prepare For It?
So you've survived most of the escrow process with very little wear and tear, you are now in the final stages of escrow and the purchase of your house is soon to close. What exactly occurs during closing and what can you do to prepare?
