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Steps When Selling A Home in Eastvale, Corona, Chino or Riverside

1) Selling a home requires good communication with your Realtor.

Selling a home is a big step and it is important that you let your Realtor know why you have decided to sell.  Discuss your time frame and plans after the sale of your home. Whether you are moving down the street or to another state, the Realtor that is listing your home can often help you with your next purchase….even if it is out-of-state.

2) Price your home to line up with fair market value.

When selling a home ,the value can be determined by what a buyer is willing to pay to purchase your home. The market trends and comparable sales are discussed and you should review the estimated proceeds during your listing consultation to help you know your gain at the price you choose to list your home. Pricing your home at a fair market value will generate the most activity in a shorter amount of time.

3) Prepare your home for sale.

It is helpful to start packing up family photos, knick knacks, clear counters, and be so bold as to pack items that aren’t used daily. After all, you are selling a home and intend to move.  This will also help by showcasing the home so potential buyers can easily envision themselves in the home. More often than not, there will be a home inspection so it is a great time to take inventory on items that can be fixed. Replace light bulbs, address any windows or doors that stick, and check for any minor repairs that can be done prior to the inspection.

4) Let everyone know you are selling your home.

Once your home is listed with a Realtor, they will get the word out with a marketing strategy to sell your home. Open houses are a great way to show your home to the public. Technology and the way people search for homes has changed, so ask what systems or marketing plans the realtor you choose has in place. Look for more than placing a sign in the yard and praying someone stops by.  Selling your home with a plan works well!

5) Go over the price, terms, and conditions of any offer you receive with your Realtor.

You do have choices when you are selling a home and it is important to note that you can negotiate terms, conditions, and price with a counter offer. You will most likely review a complete package that includes a letter from a lender to show that the buyer does qualify for a loan, the purchase contract, as well as proof of funds to show that they do have money for the down payment and closing costs. Each offer should be reviewed with an estimate of seller proceeds so you will know what your gain will be at the close of escrow.

6) Negotiating the sale.

After reviewing the offers that you have received, you may find that you may want to negotiate some items. Items such as:

Price
Closing Costs
Appliances and Fixtures
Move in Dates
Services

Your Realtor should be well versed in contracts and negotiating so you know what your choices are and what points will need to be addressed on a counter offer. Once both buyer and seller have signed the offer and any counter offers to agree on terms of selling your home, the document becomes legally binding.

7) Open Escrow and follow through with terms of the Real Estate Purchase Agreement.

The property may need to be formally appraised, surveyed, inspected or repaired. Your Realtor will work closely with you and the buyer’s agent to maintain the timeline agreed to in the contract. If each procedure returns acceptable results such as the home appraising for no less than the purchase price or terms for any repairs requested are fulfilled, then the sale may continue. If terms or time-frames change or need to be extended, that can be negotiated and agreed to in writing. Sometimes unexpected situations happen when selling a home and as long as everyone is willing to work together and agreeing to more favorable terms in writing, you can continue on the path to closing the escrow to sell your home. You and your Realtor will stay in communication to help coordinate the events that lead up to the close of escrow as well as make sure all of your paperwork has been signed and filed properly in anticipation for your closing date. Remember during this time, you will also be making arrangements to move to your next location, so being organized and having clear communication from your Realtor is important.

See: What to expect in Escrow

8) Close Escrow and transfer ownership of the property to the buyer.

Your Realtor may be present during the closing to guide you through the process and make sure everything goes as planned. Before the closing, you should make a “to do” list for turning the property over to the new owners. Here is a checklist to get you started.

 

Check out Moving Tips to keep in mind when you are selling a home ….