Selling Process
Here are the steps for selling a home:
1) “Hiring” a Listing Agent
- In selecting an Agent, think of he or she as a paid Professional working for YOU.
- A listing agent will be representing your wants and needs; and should be communicating in your best interest.
- Hold interviews with different agents from multiple agencies.
- Discuss their listing agreements and negotiate your terms.
2) Prepare your home for selling.
- Clean, de-clutter, wash, and prepare your home for maximum curb appeal.
- Ask your real estate agent for staging advice for targeted market.
- Finish repairs and remodeling projects before listing.
- Remove all personal items, i.e. checkbooks, photo’s, heirloom items, etc.
- Design a plan to show your home – such as taking pets away, rescheduling meal times, etc.
3) Calculate Home Value
- Find the right price for your home within your desired market.
- Have your real estate agent do a “comparative sold” analysis.
- Understand how robust your market is performing.
4) Marketing your home.
- What are the key features of your home and WOW factor?
- Discuss marketing strategy with Realtor. How can you help to market your home?
- Try to provide photos and videos for home buyers.
- Review marketing strategies throughout selling process.
- Use the power of the Internet to list and advertise your home.
5) Showing your home
- Use a lockbox for ease of access with realtors.
- Plan for seasonal changes and how to better list your property during the different seasons.
- Remember – First impression is the ONLY impression.
- Schedule an open house.
- Ask for feedback from realtors and potential buyers.
6) Receive Purchase Offers
- Understand the Purchase Offer agreements
- When you receive an offer, negotiate if the offer is not what you desire.
- Always have a contingency plan or “kick out clause” in every agreement.
- Never ignore an offer, counter offer.
7) Escrow / Title search
- Keep apprised of selling process.
- Maintain contact with all parties involved.
- Be realistic in selling timeline.
- Ask for a receipt for the buyer’s earnest money deposit.
Schedule Appraisal
- Prepare your home for the appraisal. Research what Appraisers are looking for.
- If your appraisal is lower than expected, ask your realtor for different options.
- Remember that the seller is ordering the appraisal; they will receive all of the documents.
- If the appraisal is the cause of the seller backing out, ask realtor about your rights.
9) Cooperate with Home Inspection
- Prepare for a lengthy home inspection (2-5 hours)
- Ask your agent to provide you with a home inspection checklist so you will know which items an inspector will want to see.
- Prepare all areas of your property for inspection – Attic, basement, garages and etc.
- Arrange and schedule for a final walk through.
10) Required Inspections
- If your contract calls for a roof inspection, hire a reputable company to conduct the inspection.
- Some states will require a termite/pest inspection.
- All inspections costs are negotiable.
- Some homes will be required to have a sewer inspection if built before 1950.
11) Seller Disclosures
- Every home must provide a lead-base paint disclosure.
- To not be held liable…disclose all known problems.
- Your title company should provide CC&Rs, but if you belong to a homeowner association, additional documentation will be required.
12) Contingencies
- If you do not request a release, buyers are not obligated to provide it.
- If you do not receive a release, you may be able to cancel the contract.
13) Close Escrow
- Your property deed, reconveyance and deed of trust will record in the public records.
- Title will notify you and your agent when it records.
- Prepare for moving day.
Phoenix Realtor – West Valley Pros: 20832 W Werner Place, Buckeye, AZ 85396
Phoenix Realtor – West Valley Pros: 4324 E. Hamblin Dr, Phoenix AZ 85050
