Thursday, September 29, 2016 / by Jason Huerkamp
- If you sell your home will the mortgage be settled or are you going to have to pay in?
- Will you need to do repairs to the house and what are the costs involved in the repair?
- Should you sell your home as is or should you do the repairs?
- What do the other homes in the area sell for?
- What other costs of sale do you need to budget for?
- Should you move or should you remodel?
Educating Yourself About The Market
The most important thing you can do in order to list your property is to educate yourself about the properties that have sold in your area. The person to have this information at their fingertips is your local real estate agent.
Choosing Your Real Estate Agent
When choosing a realtor to work with you want to choose someone
- local who knows your area
- who works full time
- who has a pulse on the market
- who has experience and a great track record
- has contactable references
The Comparable Marketing Analysis
The next step is once you have selected a real estate agent, he/she will help you decide on a selling price for your home. The agent will do a comparable market analysis showing the homes that have recently sold in your area. The comparable properties will be similar to yours and a number of conditions will be taken into account before you decide on the Selling Price of your home. Price is determined by a number of factors including:
- Recent Sales
Homes in some County's need to have a pre-listing inspection done of the property. Ask your real estate agent about this.
Recommendations and Repairs
Your agent will walk through the home with you and make recommendations about what you can do to get top dollar for your home. By spending a little money sometimes can often realize a better selling price for your home. Little things repaired and refreshed often make the biggest impression.
A staged home improves the overall look and feel of the home and makes the home sell more quickly and easily, sometimes at a higher price.
Your agent will prepare all the relevant documentation including the listing agreement, the MLS information and check out the public records to confirm the details received. He or she will arrange for the property to be measured and at that point she will be ready to order the photographs of the property for marketing purposes.
The agent will have a customized marketing plan for your home. This includes the
- For Sale Boards
- Open House details
- Appointment schedules
- Database Marketing
- Network Marketing
- Social Media Marketing and more
Be prepared for a quick sale if your home is priced correctly, the market is busy and the condition of your home is appealing.
When you received the offer on the home your Real Estate Agent will discuss the pro's and cons, the contingencies, go over the buyers finances and discuss with you the items that fit your needs and possible changes that need to be made to the offer. This is an exciting and scary time and although you have an offer, there are a number of hurdles to cross before the closing. Your experienced real estate professional will be an asset to your negotiations and with guidance this could conclude the sale.
There are a number of people involved in a closing.
- The closing attorneys who are usually appointed by the Purchaser
- The home inspector also appointed by the Buyer
- The Appraiser appointed by the Buyer's Lender
- The Buyers Agent and
- Your Listing Agent
Once the paperwork is signed at the offices of the Closing Attorneys, the Closing attorneys lodges and records the Deed with the County office and the transaction is concluded with an exchange of funds.
Choosing Your Listing Team