home sales order of operations – everything you’d want to know
TRANSCRIPT
Home Sales Order Of Operations – Everything You’d Want to Know
•We’ve collated everything you’d want to know about selling your home – in particular, the order of operations for the sales process. So, in 10 simple steps, here’s how you can expect your property sale to unfold:
• Consult your personal and financial future plan to see where a sale fits in, and if it will have a positive flow-on effect for your future goals.
1. Decide When to Sell
2. Get a Real Estate AgentA real estate agent will generally take a commission in the range of 3% to 5% of your sale price, so it pays to compare what they can offer you, their track record, testimonials, and any sales data they can provide which may indicate their performance.
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• The listing agreement will define the legal relationship between you and the agent, and also set a time limit to sell your home.
3. Sign a Listing Agreement With an Agent
4. Determine a Realistic Asking Price
You need to set a price that will stir interest in the marketplace, attract buyers to inspections, and will pay you a maximum return on your investment
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• So once your agent lists your home on the market, it’s important to find a good attorney to act on your behalf and perform the property transaction, finalizing the sale.
5. Find a Good Attorney
6. Prepare Your Home for Sale
Make sure you search high and low, and ensure that you fix anything that’s broken or looks like it might break.
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• Now it’s time to give yourself permission to step back from the sale process and let your real estate agent handle the marketing to potential buyers.
7. Step Back and Breathe
8. Prepare Your Finances
It’s important to understand if the buyer will “assume” your mortgage from you or if you will “discharge” it altogether.
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• You will see every offer and will have three options: you can accept, you can reject, or you can “sign back” or “counter”.
9. Receive an Offer
10. Close the Deal
Once you’ve got a contract signed, sealed, and delivered to your attorney for processing, you need to start satisfying any conditions of the legally binding agreement immediately.
Website: http://michaelputnam.com/Michael Putnam [email protected] Sources: http://michaelputnam.com/home-sales-order-of-operations-everything-youd-want-to-know/
http://www.rebgv.org/10-steps-selling-your-home
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