The home selling process is more or less whether you hire a listing agent or sale by owner. There are specific details that vary from one state to the other. However, the checklist discussed in this article can act as a general guideline. If you are all set to sell your home, you can refer to the following pointers.
- Select a listing agent
Your listing agent represents you and also has a fiduciary accountability to check your best interests. You should interview the agents and meet a couple of them before you arrive at a final decision. You should hire the agent depending on their experience. It is essential to ask questions about the listing agreement, comprising the duration for which your home will get listed. Also, check the commission that you will pay for the agent’s services. Here if you want, you can also get in touch with a homebuyer. To know more about this, you can check out Mr home buyer Calgary.
- Find the worth of your house
Often home sellers overprice their home, which is a grave mistake. You need to keep the price aligned with the homes sold in your area. You need to think if the market is hot, neutral, or cold and then price your home.
- Make your house ready for sale
You need to prepare your home for sale by decluttering and cleaning it to enhance the curb appeal. You must hire a professional stager to stage the house for all the showings. You can also ask your real estate agent for more ideas. You should go ahead and make all the required repairs and consider a pre-listing and seller’s inspection to recognizing any issues. If you are selling a house with pets, make sure you want to make temporary living arrangements as you show the house. It’s only one chance you will get to impress your buyers, and you should leverage it.
- Market the house – Mr home buyer Calgary
You or your real estate agent must recognize the house’s unique selling points and use the ideal words to convey the same through the advertisement. It would help if you approved the real estate agent’s marketing campaign. Else, you should find out a way to advertise your home for a sale. You can also hire a virtual tour organization to take high-end pictures and place an online virtual tour if possible.
Make sure that your listing gets posted online. You and your real estate agent should add proper photographs of the property on social media and the internet. It will help to market your house adequately and reach out to potential buyers.
- Show your house
You will find more home showings if you allow the real estate agents to use a keypad and lockbox to show the home instead of forcing them for appointments. Also, stay flexible for meetings. There are a few buyers who will want to see your house during the weekends. It is essential to be as accommodating as possible. You can arrange for an open house, but make use of this approach sparingly. If you do this, ask for the buyer’s feedback to manage the price, condition, and marketing campaign accordingly.
- Open the escrow and order a title.
Here, your transaction coordinator or real estate agent will open the escrow and order the title policy. You should write down the closing agent’s contact data and choose the date to close depending on when the buyers’ loan will get funded.
- Schedule the appraisal
You need to clean a house before the appraiser arrives. When you get a low appraisal, you can ask the real estate agent for alternative options. You might not get entitled to get a copy of the appraisal as you didn’t pay for the same. If the buyer chooses to cancel the contract depending on appraisal, you can ask your real estate lawyer or agent about all your rights. They might require an appraisal contingency in the home selling contract to pull out.
- The home inspection
It is essential to get ready to welcome the home inspection.You can ask the real estate agent to give you a home inspection checklist to know the things that will get assessed. It would help if you also got your basement and attic ready for inspection. Go ahead and move all the stuff away from the walls in your garage and ensure that the inspector can check things smoothly.
- Negotiate the repair requests
You always don’t have to go with the buyer’s request for repairs. However, they can back out of buying your house if you do so. There are instances where a buyer might accept a closing cost credit than the actual repair. The credit lessens the sales price and provides the cash for the repair once they assume the ownership.
- Sign the escrow and title documents
Based on your location, you might need to sign the escrow documents soon after opening escrow. You might have to sign them at the closing or near it. In some states, it’s a practice to sit around the table. Hence, it would help if you asked your agent about the rule in your area. You should also get your valid photo ID.
- Close the escrow
It is the time where you need to be a part of the closing appointment, sign all paperwork, and hand over all your keys. The re-conveyance, property deed will go to the public record based on the buyer’s possession rights. You might have moved earlier or on the day the home closes. All the requirements should be exact on the contract. And once everything is over, the sales proceeds will get transferred to your bank account, subtracting the repair credits, agent commissions, and other costs mentioned on the closing documents.
These are some of the crucial steps when you sell a house. Once you stay aware of these steps, it will be easier to sell your home and address all the necessary formalities.