Step By Step Guide To Selling A Home
Selling a home involves several steps, from preparation to closing. Here’s an overview of the home-selling process for a homeowner:
1. Prepare Your Home for Sale
Declutter and Clean: A tidy home looks more appealing to buyers.
Make Repairs: Fix minor issues like leaky faucets, peeling paint, or damaged flooring.
Enhance Curb Appeal: Landscaping, fresh paint, and a well-maintained exterior make a strong first impression.
Consider Staging: Professionally staging your home can make it more attractive to buyers.
2. Determine Your Home’s Value
Get a Comparative Market Analysis (CMA): A real estate agent can provide an estimate based on recent sales in your area.
Appraisal (Optional): A professional appraisal gives a more precise valuation.
Set a Competitive Price: Pricing too high can deter buyers, while pricing too low may leave money on the table.
3. Hire a Local Real Estate Agent (Highly Recommended)
A real estate agent can market your home, negotiate offers, and guide you through the process.
If selling FSBO (For Sale By Owner), you'll handle marketing, negotiations, and paperwork yourself.
4. Market Your Home
List on MLS and Online Platforms: Your agent will list your home on the Multiple Listing Service (MLS) and real estate websites.
Professional Photos & Virtual Tours: High-quality visuals attract more buyers.
5. Receive and Negotiate Offers
Review Offers: Buyers may submit offers with contingencies (e.g., financing, inspections).
Negotiate Terms: You can counteroffer on price, closing dates, or contingencies.
Accept an Offer: Once an agreement is reached, both parties sign a purchase agreement.
6. Home Inspection & Appraisal
Buyer’s Inspection: The buyer typically hires an inspector to assess the home’s condition.
Repairs & Negotiations: If issues arise, you may need to negotiate repairs or a price adjustment.
Appraisal: If the buyer is using a mortgage, the lender requires an appraisal to confirm the home's value.
7. Closing Process
Title Search & Escrow: A title company ensures the home has no legal claims or liens.
Final Walkthrough: The buyer does a last check before closing.
Sign Closing Documents: You’ll sign paperwork to transfer ownership and receive payment.
Handover Keys: Once the transaction is complete, the buyer takes possession of the home.
Contact Allen Deaver of Asset Realty For specific advice on the home selling process
