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You are here: Home / Residential Real Estate & Developers / Steps Involved When Selling A Home

Steps Involved When Selling A Home

August 17, 2021 by Post

Selling a home isn’t a one-step process. It involves a lot of steps. It must bring several parties together. From lawyers, property managers, financial banks, to the buyer, you need to deal with several parties before you can complete the process. But that doesn’t mean that the process is extremely complicated. With some basics, you can sell your house without any issues. Here are important steps you should follow before selling your house.

Choose The Right Listing Agent

The first step involves choosing a good listing agent. This is where marketing is done. A good listing will attract the right customers. That’s why you should strive to hire a listing agent that can deliver your dream. Ask a few screening questions. For instance, start by asking about the agent’s experience, certification, licensing, etc. How does he/she charge? Can you afford that agent? What about the commission? Does he/she have some past customer testimonials? These questions will help you get it right when hiring a goods listing agent.

 The Worth of Your Home

Don’t overprice or underprice your house. Ask an expert to value your house before putting it up for sale on the market. That’s why you should look at the market forces. What is the price of similar houses on the market? What about the demand? How about the season? Does it favor selling your house at a higher or low price? Overpricing may make the sale stagnate. On the other hand, a low price will bring you a raw deal. So, strike a good balance first. Understand the pieces of houses in Grand Rapids.

Prepare It for Sale

Make necessary preparations before selling it. Ensure that it’s ready. Consider conducting minor renovations. Fix the clutter. Work in the backyard. Repaint the house. Ensure that the sinks are working properly. Do the same to lighting. Ensure that the roof is fixed. No one will want to purchase a leaking house. So, put everything in order.

Proper Marketing

Marketing your home is one of the most important steps you should get right. With proper marketing strategies, you can quickly land a good deal. So, leverage on digital marketing tactics., You can market it online via social media platforms. Also, you can take it to the home expo. Allow your agent to roll out an effective marketing campaign. Also, don’t forget to give your real estate agent good photos of your home.

Showcase It Well

The next step involves showcasing your home. Here, be flexible when it comes to arranging appointments. Leverage technology. Use tools like a lockbox to showcase your home to potential buyers. Be welcoming. All appointments should be made after work. This is the time most people can make it to your home.

Other Tips

Here are additional steps involved when selling a home:

  • Receive and review the purchase offer
  • Negotiate the offer
  • Open an escrow account
  • Order the title
  • Consider scheduling appraisal
  • Allow for a home inspection
  • Deliver all sellers
  • Receive contingencies
  • Sign the documents
  • Close escrow

The Bottom-Line

Finally, you have decided to put your house on sale. Well, it’s your investment. You have the right to sell or keep it. However, it’s important to follow the right steps. Simple mistakes can make the process complicated. It can even drag on the process. That’s why you should be careful with the steps to be followed. The above are key steps involved when selling your house. 

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Filed Under: Residential Real Estate & Developers

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