When it comes time to sell a house the process can weigh on your patience at times. Many times home owners feel out of control because there are two major determining factors when it comes to selling homes. The market and finding a buyer within your time line. I help to take the burden away from the home selling process. When it comes to selling home I have a few secret weapons.
- My unwavering commitment to my clients
- This website that is ran and maintained by an SEO Master
- My other network of real estate websites that we post your home on
- and finally, my secret sauce recipe that only I know about. Needless to say, I am relentless when it comes to finding buyers and I would do no less for you.
So lets get started and find out what the process is for getting your home listed on the market and getting it sold ASAP!
Listing and Selling your Home or Property 101
Some of the first set of questions that home sellers ask I will try to address here.
*click on questions to see the answers
Do I even need a real estate agent?
There are two ways to sell a home. With an agent or for sale by owner. Both of these methods require several steps that we will address throughout this page. Suffice it to say, no, you do not need a real estate agent to sell your home. However, having one saves you the hassle of finding a buyer, the hassle of having to think of everything and then handling those things by yourself and most importantly, you do not have access to the kind of resources a real estate agent has. Bottom line, they can get your house in front of hundreds and thousands of potential home buyers almost immediately. And a side note to that is, all other realtors become aware that your home is for sale. There are costs and benefits for either path.
What is the closing process?
Before closing day, make sure to get all the paper you’ve gotten throughout your whole home buying process. This includes your contract, proof of title search, flood certification, proof of homeowner’s insurance, mortgage insurance, good-faith estimates, and home appraisal. You never know when someone needs to refer to them when the closing is being finalized.
Also keep in mind that most contracts entitle the buyer to walk through the property 24 hours before closing. It’s just to make sure the buyer has left the property and is in the condition as stated in the contract.
During closing day, the closing agent, attorney, home seller, the seller’s real estate agent, the buyer (mortgagor), the title company representative, and the lender (mortgagee) will be present. This is to ensure all documents are legitimate, signed and recorded, as well as all fees are paid for and distributed.
During this time, you will sign all legal documents, such as the mortgage agreement and transferring property ownership. All closing costs and escrow items will also be taken care of this time.
The closing agent will conduct all of the transactions and settlements. If there are any disputes, the closing process might be delayed until there is an agreement.
Can I sell my house and buy a new one at the same time?
You can, but it all depends on what is most comfortable for you. If you sell before you buy, it puts you at an advantage because when buying a house, you will most likely have the funds ready. Having the funds ready will help sway the homeowner to sell to you. As well, you don’t have to stress out over whether or not you have enough money to buy a house. This means that you can put in a higher offer if you really want to secure a sale.
However, you might be just as stressed if you don’t buy and sell at a house at time same time. You will most likely need to purchase a house quickly once you sell your home. If you can’t find a suitable place, it might mean moving in with family, or even renting, which can be quite expensive.
How do I find out the value of my home?
Remember that the value of your home depends on a number of factors. To get a fair estimate of the value of your home, fill out this form and we will get you those numbers. All you need to do is give us your address, some information about your home and it will show the approximate value of your home, plus similar sales around your neighborhood.
Do I need to do anything to the home before I sell it?
It is definitely necessary to complete all major repairs to your home. Repairs include plumbing, fixing leaky roofs, fixing up flooring, and even kitchen cabinets. The buyer is going to have a home inspection anyway, so it is probably best you do all these repairs beforehand.
Many people also consider “staging” their home so it shows at its best. Home staging can include de-cluttering your home, moving around furniture, and even painting the walls a neutral color. It might help sell your home faster and at a higher price. Your real estate agent can discuss with you about these options.
How much will it cost me to list my home on the market?
There are closing costs you need to factor in when selling your home. While it is a fixed cost, it is best to itemize everything out to figure out what amount you will walk away with after selling your home.
Here are some approximate fees you will incur:
- Title Fee: about 1% of your sale price
- Home Repairs: depends on your house, but estimate about $1,000 to $1,500 just in case
- Title Escrow Fee: about $100
- Home Warranty: about $400
- Realtor Fee: usually 6-7% of your sale price
- Title Documentation Preparation: about $300
- HOA Transfer Fee: about $50
- Interest from January 1st to Closing Date: About 2.67% of the sale price divided by the number of days in your house
- Title Recording Fee: about $100
- Tax Certificate: about $10
- Mortgage Payoff: varies
- Title Courier Fee: about $50
- Buyer’s Closing Cost (if you agreed to it): no more than 3% of the sale price
Can I have multiple real estate agents from different realty companies list my house at the same time?
Sure, your real estate agent is making money off of you, but realize that they spend countless hours working on your behalf. They spend evenings and even weekends helping to show your home and making sure all details are taken care of.
While it is highly recommended that you talk to a few agents until you find one you think is a good fit, asking multiple agents to show your home at the same time is quite unethical. Many real estate agents won’t accept you as their client if you do this. You want to develop a trusting relationship with your agent, who will most likely work hard on your behalf.
How soon do I have to to move out after it is sold?
How soon you have to move depends on the terms negotiated between the buyer and the seller. Usually the possession of the house happens on closing day or when the mortgage lender hands over the funds, you might be able to negotiate when you need to move out.
Normally, buyers agree on giving the seller a week to 10 days to vacate after closing the sale. There is usually a specific date when the buyer wants to move in included in the sale contract. The buyer and seller will have to negotiate when that actual date is.
What happens if my house does not sell right away?
If your home does not sell right way, your real estate agent can help you come up with possibilities as to why it might be. Depending on your situation, you might want to reduce the price of your home. Have your real estate agent suggest to you what a reasonable price reduction might be, and go from there.
Another reason your home might not be selling is that it isn’t showing well. You might want to consider staging your home or doing minor adjustments to your home. A good tip is to fix tiny cracks and clean ceiling lights, as potential buyers tend to look up there.
If all else fails, you can think about renting out your home. You can also think about offer a rent to own option to potential buyers. Talk to your agent to see what options are best for you.
Do I have to have an open house?
While it is not something you have to do, it can be a great way to increase the amount of potential buyers that see your home. It might increase your chances that you might entice a buyer that might not have otherwise looked at your house if they had to make an appointment. However, the people that walk through may simply be nosy people and have no interest in buying a house. It might also be very stressful to manage all the traffic in and out of your house.