Neighborhood News February 22, 2025

What to Expect During the Home Selling Process

Week 4: What to Expect During the Home Selling Process

Introduction:
Selling a home involves multiple steps, and knowing what to expect can help reduce stress. Here’s an overview of the entire process, from listing to closing.

Step 1: Choose the Right Real Estate Agent

  • An experienced agent will guide you through pricing, marketing, and negotiations.
  • Look for someone with a proven track record in your area.

Step 2: Set the Right Price

  • Your agent will conduct a Comparative Market Analysis (CMA) to determine a competitive price.
  • Pricing correctly from the start leads to a faster, more profitable sale.

Step 3: Market Your Home

  • Professional photos and virtual tours attract online buyers.
  • Open houses and social media marketing help reach a wider audience.

Step 4: Receive and Negotiate Offers

  • Offers may come in at or below asking price—be ready to negotiate.
  • Your agent will help evaluate each offer based on price, contingencies, and buyer qualifications.

Step 5: Home Inspection and Appraisal

  • The buyer’s lender will require an appraisal to confirm the home’s value.
  • The home inspection may lead to repair requests—be prepared for negotiations.

Step 6: Closing the Sale

  • Once everything is finalized, you’ll sign paperwork, transfer ownership, and hand over the keys.
  • Be ready for final walkthroughs and ensure the home is clean before closing day.