Selling your home can be a little overwhelming, but with the right listing agent to help you every step of the way, this process can be pretty straightforward.
Whether you are a first-time seller or an experienced one, our agents will work effortlessly to sell your home for top dollar in as little time as possible.
For your reference, below is a helpful guide to assist you in the selling process:
Step 1: For Sale
The first step in the home selling process is to select a realtor that will market your home “For Sale”. The marketing may included adding the home to MLS, placing a sign in the front yard, taking professional photos for online viewing, creating marketing flyers and e-mail campaigns, reaching out to other brokers and so much more.
Step 2: Negotiations
While your home on the market, you may receive multiple offers to purchase your home. At this time, you should work with your listing agent to analyze each offer to determine which one is the best fit. Your agent will work with you and the buyer’s agent to negotiate the final terms in the contract.
Step 3: SOLD
Once all the terms have been agreed and a contract has been signed by both parties, then you are ready to open escrow.
Step 4: Opening Escrow
When you open escrow, this means that a title company has received a signed purchase contract and an earnest money deposit for your real estate transaction. An escrow company is a neutral third party that distributes legal documents to fund on behalf of a buyer and seller in a real estate transaction.
Step 5: Preliminary Title Report
Shortly after opening escrow, the escrow officer will order a title report for your property. This report will confirm the ownership of the property and show any liens that might be on the property.
Step 6: Inspections and Appraisal
Throughout the inspection period, the buyer will conduct inspections and order an appraisal on the property. During this time, you will need to make your home available for the inspector and appraiser to complete their tasks. Once complete, the results will be shared with all parties and, if needed, contract modifications may be considered or reviewed.
Step 7: Closing Disclosure
At the end of the escrow process, the Closing Disclosure will be delivered to all parties to review. This form is a statement of the buyers loan terms and all the closing costs. The buyer will have three full days to review the document and then the transaction will be scheduled to close.
Step 8: Signing Documents
During the buyer’s review period, the escrow officer will schedule a time for you to sign all the applicable closing documents.
Step 9: Close of Escrow
Three full days after the Closing Disclosure is delivered to all parties, the escrow will close and the deed will be recorded in the county.
Step 10: Funds are Disbursed
Once all the documents have been recorded in the county, the funds will be disbursed and the final closing packages will be ready to be delivered to all parties.
Contact GEO Real Estate to list your property and get it SOLD. Finding the right buyer for your home is our specialty and we will be with you every step of the way.
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