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1. |
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Choose a Realtor
and obtain a competitive market analysis to determine a
listing price for your home. |
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2. |
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Walk through
your home with your Realtor and take any suggestions he/she
may have for preparing your home to look its best when it goes
on the market. |
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3. |
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With your
Realtor's guidance, fill out all the necessary listing papers
and disclosures. Also, obtain all of the inspection reports
necessary to present to prospective buyers. These often
include a property inspection report, chimney inspection, roof
inspection, and a termite report. Others may be necessary,
depending on your particular home. Having these reports in
advance alleviates "surprises" once you get into escrow. |
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Go over these
reports with your agent and make a list of any necessary
repairs, and with your Realtor's help, line up the best
contractors to get the work done. Some repairs can be done
after you receive an accepted contract and then be billed to
escrow so you won't have to pay the money up front. Ask your
Realtor for details. |
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5. |
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Once the home is
officially on the market, it will be posted on the Multiple
Listing Service (and probably also advertised in the newspaper
and on the Internet), and an agent tour and open houses will
take place. Buyers may then come to see your home, accompanied
by their agents, so keep your house in pristine order!
If your home
will be vacant at the time of sale, or if some rooms could use
a newer look, talk with your Realtor about the possibility of
hiring a professional staging company to stage your home. |
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A specific time
may be set up for you to hear offers, or you may chose to take
first come, first serve, depending on your property and goals.
Your agent can advise you on the best strategy. |
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7. |
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Once you have
negotiated a successful contract, the escrow process begins:
The buyer will
have their lender order the appraisal, and the final loan
approval will be obtained after all the necessary paperwork is
processed.
While this is
going on, any postponed repairs that are still required under
the contract will now need to be done before the close of
escrow.
Once all
conditions on the contract are met, you and the buyers will
separately sign your closing documents at the title company. |
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8. |
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In the meantime,
you will be lining up your movers and packing boxes to get
ready for your next destination. |
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9. |
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Once all the
work is completed on your home and escrow is about to close,
the buyers may do a final walk-through of your home to certify
that it is in the same condition as when they first saw it,
and to confirm that any agreed-upon repairs are made. |
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When the closing
date is reconfirmed as being on time, you may order your
utilities off as of that day. You will pack up the remainder
of your personal possessions, make sure any debris or loose
items are moved from the property, have the home thoroughly
cleaned, and then leave your keys with your Realtor. |
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11. |
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Close of escrow!
It's pay day for you, and you are on to the next chapter of
your life! |