Selling a home is a major undertaking that can be both emotional and stressful. Whether you’re moving for work or family, need more space, or want to downsize, the property selling process includes several steps, from listing your property to handing over the keys. A well-planned approach, patience and professional guidance can help you navigate the process successfully.

Find a Real Estate Agent

Choose a real estate agent who specializes in your area and can help you develop a marketing plan to sell your property. This will likely include a listing on the Multiple Listing Service (MLS), open houses, virtual tours, flyers and more. Your agent will also assist you with pricing your property based on market comparables. It’s important to take into account factors such as mortgage interest rates, the job market, and local economic conditions. It’s also a good idea to compare the original list price of homes that have sold recently in your area with their final sale prices. Also read https://www.acompanythatbuyshouses.com/sell-my-house-fast-forney-tx/

Prepare Your Property

Before putting your home on the market, make sure it’s ready for viewing by deep cleaning and staging. Depending on the condition of your home, this may require several hours or days. Your agent can recommend professionals to perform these services. You should also consider having your property inspected by a qualified inspector to identify any issues that could be deal-breakers for potential buyers. In addition, it’s a good idea to have your home professionally photographed to highlight its best features and to create an online virtual tour.

Review Offers

Once an offer is received, your real estate agent will review it with you and negotiate with the buyer’s agent. You can accept the offer, reject it or make a counteroffer for a higher price or different terms. Once you and the buyer agree on a sale price and other terms, you’ll sign a sales contract. It can be difficult to determine an appropriate sales price when selling a home. It’s important to be realistic about your property’s value, even in a strong seller’s market.

Closing

The closing, or settlement, is the last step in the property selling process. It typically takes place at the end of the escrow period, which is usually within 30 to 45 days from when the purchase agreement was signed. At the closing, the buyer receives the title to the property from the seller and pays you the balance of the purchase price, plus any agreed-on repairs. The closing can be in person or by mail and involves all parties involved in the transaction, including you, your real estate agent, buyers, sellers, lenders, title company representatives and attorneys.

Once the closing is complete, you will hand over the keys to the buyer and move out of your home. The exact timing of the closing will depend on your situation and the requirements of your sale contract. During the closing, you’ll be required to submit property disclosures and other legal documents. The specifics of these will vary by state.