THE SELLING PROCESS
Even if you have bought or sold a home in the past, it can still be a scary process. Here are the steps involved in selling a home and how a real estate professional ties them together.
Select your REALTOR from McBride & Co. Real Estate, and list your property.
Use your agent’s knowledge of the area to aid in your selection of the new property you will want to purchase.
Decide on a price and time frame. Your agent will perform a Comparative Market Analysis (CMA) to compare your property to other similar properties in the area that are sold, under contract, or on the market to arrive at the right price for your home.
Come up with a marketing strategy that will expose your home to as many buyers as possible. This process usually includes adding the listing to the Multiple Listing Service so that it can be seen by multiple agents and buyers, advertising online, scheduling open houses when needed, advertising in the local newspaper, making brochures, putting a sign in the yard, placing an ad in local magazines, and many other things.
A buyer will submit an offer through their agent for you to either accept or counteroffer. Your agent will help you evaluate the offer.
The process of negotiation continues with offers and counteroffers until an acceptable contract to both parties is reached. This step can be either long and drawn out or very quick, depending on many factors.
Buyers submit a loan application and schedule home inspections. Usually loans depend on satisfactory appraisals and inspections.
The loan is approved.
The listing agent supervises all closing activities, and a final walk-through is scheduled. The agent is also responsible for getting all closing documents to the escrow agent, including the deed, mortgage, tax receipts, and numerous other papers.
The REALTORS coordinate with the closing attorney, lender, and all parties to finalize and close the transaction.