Vendors - The Selling Process

 

The Selling Process

 

When you decide to sell your property, there are many different steps in the real estate selling process. Whether as the property owner (FSBO) or by hiring a listing agent, Here are the steps in a successful proeprty transaction!

 

Determine Your Price

You can allow your agent to perform Comparative Market Analysis (CMA) to compare your property to other similar properties in the same area, under contract, on an asking price by comparing the active listings in the location of your property. You may ask the agent to share the active listings for sales comparison

 

Marketing Strategy:

Initial the marketing strategy by signing a listing agreement with your agent who will expose your property to many buyers.

 

Offer:

A buyer will submit an offer through their agent. You'll decide either to accept, counteroffer or decline. If you accept, your agent will answer any questions and help you negotiate the final contract.

 

Payment:

Buyer may wish to pay with cash or apply for loan and then schedule home inspections.

 

Closing:

Your agent should keep an eye on the contract dates and stay in touch with you until the date of closing. Agent is responsible to putting through all closing document to the escrow agent and coordinate with the closing attorney, mortgage home, lender to finalize and close the transaction.

 

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