Selling your home is complex and requires the expertise of a REALTOR®. There are many things you’ll need to consider during this multi-step process, and I can help you through it. Here is some information on what to expect and prepare for.
If you are still paying off your mortgage, there are several options available to you depending on what type of mortgage you have. You will need to talk to your lender before you can proceed to find out about early prepayment policies and penalties.
Choose a REALTOR® that you feel completely comfortable with. A good REALTOR® isn’t necessarily the busiest one in town or the first to suggest the highest asking price. You want a REALTOR® who is not only going to devote their time and resources, but can help you price your home to sell, answer questions and has in-depth knowledge of the market.
Accurate pricing of your home is particularly important. Fair pricing will attract more attention, resulting in more showing with potential buyers. Your REALTOR® should be able to provide you with a market evaluation so you know the estimated value of your home. They should also show you a comparative analysis and discuss factors that influence pricing, including current market stats and how they have determined the value of your home.
Now that you have established pricing, the next step will be to sign a Multiple Listing Agreement. This agreement gives your REALTOR® permission to post your property on MLS (Multiple Listing Service) and place a For Sale sign on the property. A good REALTOR® will also guide you to get your home prepared and ready to be viewed by potential buyers. This is where you can stand out from your competition and attract more activity. They will then begin marketing your home and inform other REALTORS® (representing buyers) that your property is on the market.
Once you have accepted an offer, your buyer will need to remove any subjects and may want to conduct a home inspection and (potentially) negotiate the cost of any repairs. After all subjects are satisfied its time to contact your lender and choose a lawyer. They will need all documentation pertaining to the sale of your home and your REALTOR® can help with this.
Your REALTOR® can now begin looking for a new place for you.