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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.

8) 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 RealtorWest Valley Pros: 20832 W Werner Place, Buckeye, AZ 85396
Phoenix Realtor – West Valley Pros: 4324 E. Hamblin Dr, Phoenix AZ 85050