Step One: Decide to sell
Have you outgrown your current home? Are you moving out of the area?
Step Two: Choose your REALTORŪ
Choose a professional agent who has a proven strategy for marketing and selling your home.
Step Three: Prepare your home for sale
See our checklist.
Step Four: Do some homework
Both you and your real estate agent must gather information before a sign goes in your front yard. You will want to gather information on your current mortgage, any association declarations or bylaws that may apply to your neighborhood, any defects to the property that are not apparent, and any improvements that you have done to your home in the recent past.
Step Five: Your RealtorŪ will complete a Comparative Market Analysis based on facts and statistics from comparable sales in your neighborhood or similar neighborhoods.
Step Six: Determine the asking price
Based on the facts and statistics from the Comparative Market Analysis, you and your RealtorŪ will help you arrive at a fair market asking price.
Step Seven: Your home is listed
You and your RealtorŪ complete the necessary paperwork for listing your home and putting it on the MLS (Multiple Listing Service).
Step Eight: Phone calls and showings
Your RealtorŪ will take numerous phone calls from potential buyers and curious lookers. Your RealtorŪ will schedule showings to preview and show your home to potential buyers.
Step Nine: The Offer
Either your RealtorŪ or another RealtorŪ will write a purchase agreement on your property. The offer will then be presented to you either by your RealtorŪ or by the RealtorŪ whose clients wrote the offer on your home.
Step Ten: Acceptance of the offer
The buyer and you are in agreement on the details of the offer. Congratulations! You sold your home!!
Step Eleven: Home Inspection
A professional home inspector will do a visual examination of your home for the purpose of informing the buyer about the condition of the property.
Step Twelve: Sign the Paperwork
Your agent will have you sign all of the final closing documents.
Step Thirteen: Moving Day
It's time to move! You will move out of your home and the new buyers will begin moving in.
