- You’ve decided to sell your home! What does that entail? Do you do ‘For Sale By Owner’? or do you contact a Realtor?
- What can a realtor do? A Realtor will help ease the process by using their expertise in providing you with comparable sales to help you arrive at the listing price and get the necessary forms completed and signed. Your Realtor will schedule the advertising, put a sign in your yard and schedule appointments for showings.
- Your Realtor will present any and all offers to you. They will go over the offer and explain what the buyers are asking. Is the offer financed? Contract for deed? Cash? What contingencies were included? Home inspection? How many days do they have to complete it? Appraisal? Financing? What is the closing date? Can you get moved by that date? Your realtor will guide you through the process and make sure that everything is followed within the time frame stated in the contract.
- Your Realtor will work with the Buyer’s agent to schedule the home inspection. Did they ask for some repairs? Your Realtor will walk you through the home inspection.
- The Appraiser will contact your Realtor about gaining access to the home to do the appraisal. Once the appraisal is complete the appraiser will send it to the lender. Did the appraisal meet contracted price? If not, negotiations will begin between you, your Realtor and the buyers and their agent. Were there any required repairs? If so, once they are completed the appraiser will need to do a final inspection.
- The closing table. Now that the home inspection and appraisal are completed the lender will begin working on the loan documents. Once the lender has reviewed all documents they will be giving the clear to close. Contact the utility company to have them transferred to the new owners; complete the change of address forms. At the closing table you will sign the paperwork and provide the new buyers will keys, garage door openers and any additional information you may have on your home.