The better you know your market the more realistic you can view your own property. Remember that buyers do not have the emotional attachment to your home that you might have. Realistically evaluating your property prior to listing it for sale is your best approach to avoid lengthy listing times, pricing disappointments, and possible issues during inspection.
There are many steps in a transaction. Below is a rough thumbnail to help get you thinking. We can walk you through a more thorough review of the steps upon our first meeting.
Step One: Know and assess your market, competition, and pricing.
Step Two: Assess your home’s condition and decide if repairs are needed (or if any will be perform).
Step Three: Determine your list price AND a week-over-week plan in the event it does not sell in your time frame.
Step Four: Prepare documents for a potential offer (i.e. 5 year insurance claim history).
Step Five: Receive, analyze and respond to offer(s).
Step Six: Open and manage escrow. Allow for inspections.
Step Seven: Manage through BINSR report.
Step Eight: Follow buyers loan process if applicable. Decide it property will be marketed for backup offers.
It will be a good idea to have an idea of who you will have to do any needed repairs that are agreed upon during the Buyer Inspection (BISNR) period, and of course have your moving plans in place. One of the last responsibilities will be to leave the property “broom clean,” so it might be helpful to have a cleaning company in mind (just in case you might need to rely upon some help).
It can help make moving time less stressful.
• Understand Market
• Prepare Property
• Identify Listing Price
• Pre-Listing Prep
• List/Market Property
• Review Offers
• Negotiate Offers
• Manage Escrow
• Inspection Process
• Closing Process
Counsel Mortgage Group
Old Republic Title
Old Republic Title
Regardless of how many homes are on the market in your neighborhood or what the average monthly sales number is… you don’t have to wait for them all to sell for your home to sell… you just want to position your home to be the NEXT sale.
Capture the best images possible for your buyer to visualize your home.