So you have decided to sell your property. Before anything else, it is a good idea to sit down and clarify your motivations and consider your basic time frame for the selling process.
Why do you want to sell your property? Knowing your motivation to sell will determine many things. Are you upsizing, downsizing or relocating? Clarify your goals for selling and talk these goals over with your real estate agent.
Upon a price and an agent
What Is Your Property Worth?
Without a professional agent, statistics show that independent property sellers tend to overestimate the value of their property. When they do this, they may end up making less in the end because they enter the market at too high a price. While the competing homes on the market go under contract, the overpriced home will sit on the market longer. Longer days on the market generally means less money to the seller when the home finally does sell. You can avoid this pitfall by consulting with an experienced real estate agent.
Why Should You Choose Our Professionals?
We will ensure that you maximize your opportunities in the current real estate market. Our knowledge of what your competition is doing is invaluable to you. With our extensive contact networks both locally and nationally, we will employ the most effective marketing and advertising strategies for your property. We will also guide you every step of the way through a plethora of documents from the initial contract all the way to closing.
You can do a lot to increase the appeal of your property and to create a lasting impact on potential buyers. We tell a seller, “your home should look the best it ever has in your entire ownership, the day you hit the market.”
What To Do To Prepare:
The following are a couple of factors to keep in mind when listing your property for sale:
1. Curb Appeal
Keeping your landscape pristine, and adding creative touches to your yard, such as colorful annuals, will create an immediate impact on passers-by and potential buyers. Read More
The Price Is Not Always Right.
“The higher the price, the better the offer.” Do not let yourself be fooled by this popular misconception. Price is not always the determining factor when accepting an offer for several important reasons: the initial offer is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust our professionals to help you thoroughly evaluate every offer without compromising your marketing position. Furthermore, your real estate professional will ensure that every offer is accompanied by a pre-approval letter from the buyer’s lender. You will only ever be reviewing an offer from a qualified, able to to perform buyer.
Negotiating The Right Way.
We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to contend for your highest and best and to communicate clearly and honestly to all parties. Your agent will review and summarize any and all offers received on your property, presenting these offers to you as they are received. If you were to receive multiple offers your agent will help you by analyzing the components of each offer with you and for you. In this way you will be equipped to wisely choose the offer that serves your best interests.
Inspections and Appraisals
You can trust your agent to keep you on track with all timelines throughout this escrow period. Buyers will have the property inspected by a licensed property inspector within the time frame that was agreed upon in the effective contract to purchase. Some buyers will have multiple inspectors inspect the property, such as termite, roof, HVAC inspectors, etc. If the agreement is conditional upon financing, then the property will be appraised by a licensed appraiser to determine the value for the lending institution via third party. This is done so that the lending institution can confirm their investment in your property is accurate. A buyer of a commercial property may also have a complete environmental audit performed and/or soil test, if required by the lending institution.
The Closing Agent.
A title company will hold the earnest deposit and do the title search, in preparation for the day of close. It’s this title’s companies job to ensure there are no encumbrances or liens upon the title. After examining and researching the complete recorded history of your property, they will certify that 1) your title is free and clear of encumbrances (eg. mortgages, leases, or restrictions, liens) by the date of closing; and 2) all new encumbrances are duly included in the title.
YOU are coming down the home stretch now!
Final Walk-Through Inspection.
More of a formality than anything else, the final inspection takes place the day before, or the day of the closing. The buyer visits the property to verify that all is in working order, everything is the same as when the buyer last viewed the property, and that there are no extra items left behind.
Cancel Home Services and Utilities.
Contact your utility companies letting them know you are moving, give them the effective date of close as your turn off date.