Oct. 17, 2010

The Process of Selling Your Home

property in Bellingham, bellingham realtor

Here's the bare bone process of selling your home.

Step 0: You have the option of signing a "Listing Agreement" with an agent or trying to sell your home on your own.

Here's a little video on that subject if you're interested Bellingham FSBOs

Step 1: Either working an agent or on your own,  look at similar properties that have recently sold to get a gauge of where your home should be priced.  A quick tip is to look as objectively as possible at the data as opposed to your sentimental feelings. Remember the market dictates the price.

Step 2: Get it ready to sell.  Consult with your agent and thoroughly go through the property to  see what can be improved, cleaned, spruced, highlighted and subdued to gain the maximum attractiveness to buyers.

Step 3: It's time to market your house.  If you're working with an agent, their likely to do both offline and online marketing including signage, photos,  'just listed' flyers, compelling ad copy, email, craigslists, facebook, twitter, open houses, etc.

Step 4: You get an offer. Yay! Your agent will present the contract, loan status report (if it's not cash offer) letting you know the buyer means business. You consult with your agent and decide either to accept, reject or counter the offer.

Step 5: Step 4 repeats until you and a buyer finally agree on terms. The buyers agent opens the title report which begins the title process.  The Title company sends the buyer all of the data they have on the property including HOA dues, Covenants, Conditions and Restrictions (CCRs), chain of title, and all other title information.

Step 6: The buyer will likely have a home inspection done within ten days of closing. If it's not a cash offer, the lender will order an appraisal to be done on the property to make sure the home is strong enough collateral if for some reason the buyer defaults.

step 7: If all goes accordingly, the loan is completed, all conditions of the contract were met, you go to the title company and close the property.

Step 8. Happy Moving time :)

Posted in General, Selling
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