Home Selling Process
As you prepare to sell your home, we appreciate the opportunity to assist you in one of life’s most important events. Our full-service marketing represents our ongoing reliability and service, and our commitment is to meet and exceed your expectations. Below are some of the key components of the home selling process.
You’re ready to sell your home!
Your first step is to have your BEST Real Estate sales associate assist you with practical ideas on how to successfully prepare your house for sale. If you are not already working with a BEST Real Estate sales associate, you can select one by clicking on our Sales Team Link.
What should I list my home for?
There are many factors that affect the list price of a home: location, condition, amenities, supply and demand, and local and global market conditions. Your sales associate will assist you by providing a thorough market analysis of your property so you will be able to come up with a realistic, competitive pricing strategy on your home.
What is the Seller’s Disclosure Form?
Most sellers of single- and multi-family residential homes are required to provide potential buyers with a completed and signed Seller’s Disclosure form. Please ask one of our Sales Team members for more information.
Full Service Marketing and Personally Customized Service
At BEST Real Estate our goal is to not simply sell your house, but help you realize the best price obtainable for your property.
The relationship between you and your Sales Associate is the key to the successful sale of your home. Your home and your needs are unique; therefore your sales associate won’t use a pre-designed plan to sell your property. Your Realtor will listen to your goals, address your concerns, and use his or her knowledge and experience to create a custom plan that will effectively result in a sale.
A Buyer is Ready to Present an Offer
When an offer is presented, your sales associate will advise and help you to obtain the best possible price and terms. Understanding the standard forms and the many transactional issues is key to negotiating the best terms to meet your individual needs. Making sure buyers are pre-qualified is of utmost importance in negotiating a successful sale. Your Realtor will promote your interests and assist in developing a clear and binding transaction.
Typically an offer is initiated by the buyer through their sales associate and includes the following information:
The amount the buyer is willing to pay
Mortgage amount, if any
Closing and occupancy dates
Contingencies, such as mortgage commitment, building inspections and pest inspections to include where appropriate (but not limited to): termite, pest, radon, well, lead, septic, oil tank.
Any personal property specifically included or excluded.
If the offer is not acceptable to you, further negotiations may be necessary to reach terms agreeable to both you and the buyer. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your sales associate during the negotiation process so that proposed changes can be reviewed and responded to quickly.
You have an Acceptable Offer
Once again, because the Contract writing procedure, down payments required, building inspection contingency dates, etc…varies, please consult with your sales associate so that they can inform you of the immediate action steps. Timing is critical at this stage!
Between Contract and Closing
Throughout the transaction, we need to closely monitor the progress of all contingencies to make certain that all deadlines are met. On the day of closing, the buyer will have a “final walkthrough” to make certain that the house is left in “broom clean” condition and/or has been thoroughly vacated.
What to Expect at the Closing
The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction. Title to the property is transferred from you to the buyer. The buyer receives the house keys if they are taking immediate possession and you receive payment for the house! From the amount credited to you, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and ultimately filed with local property record office.
After the Closing
Should any questions or concerns come up that you need answered your sales associate is available to you.