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.