Get Your Finances in Order
Don’t worry if you’re still paying off your mortgage, there are several options depending on what type of mortgage you have. However, you’ll need to talk to your lender before you can proceed.
Selling your home is a complex, multi-step process that calls for the expertise of a Real Estate Agent. There are many things you’ll need to consider, and to help you through it, here’s a general overview on what to expect and prepare.
Don’t worry if you’re still paying off your mortgage, there are several options depending on what type of mortgage you have. However, you’ll need to talk to your lender before you can proceed.
It’s important to partner with a Real Estate Agent you feel completely comfortable with. Don’t fall for the trap of partnering with the first Real Estate Agent who suggests the highest asking price. Shop around. A good Real Estate Agent can help you price your home to sell, answer questions like “When is a good time to sell?” and has in-depth knowledge of the market.
Start your search for a reputable Real Estate Agent, by checking if family and friends have a prefered Real Estate Agent or search online for the most visible and professional one. Visit your local real estate office; pay attention to advertisements and For Sale signs.
Pricing your home too low or too high is not an option. Setting a fair price will attract more potential buyers, and give your home more exposure. Your Real Estate Agent should be able to explain to you the multitude of factors influencing pricing, including: competitive pricing, current market stats, and of course the estimated value of your home.
The next step will be to sign a Listing Agreement, which gives your Real Estate Agents permission to post your property on the MLS (Multiple Listing Service). They’ll then begin marketing your home through a variety of mediums — digital and traditional — and inform other Real Estate Agents (representing buyers) that your property is on the market. Your Real Estate Agent can also help you prepare your home for staging and connecting with vendors for projects that need addressing.
After the hard work of marketing and promoting your home pays off, you’ll hopefully have a few offers on the table. Once you’ve accepted an offer, your buyer will want to conduct a home inspection and (potentially) negotiate the cost of any repairs. Finally, your lawyer and Real Estate Agent will walk you through the paperwork and legal bits needed to close.
Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.
TeamUp Seattle has been successfully creating outstanding real estate experiences for our buyers and sellers in the Seattle area for 30 years. Our business is completely built around three guiding principles that motivate and drive us each and every day with each and every client.
Connect. Collaborate. Close.
Contact us today to find out how we can be of assistance to you!
TeamUp Seattle has been successfully creating outstanding real estate experiences for our buyers and sellers in the Seattle area for 30 years. Our business is completely built around three guiding principles that motivate and drive us each and every day with each and every client. Connect, Collaborate, and Close. Contact us today to find out how we can be of assistance to you!
