Common Steps in a Residential Sale

There are many decisions to make along the way when selling a house. To keep the selling experience from becoming stressful and frustrating - educate yourself. The best place to gain this information from is your real estate agent and the internet.

The following is a basic list of the steps in a Residential sale.

Select a Real Estate Agent

• Listing agreements
• Commissions
• Determining your house value
• Disclosures

Staging Your House for the Sell

• Curb appeal
• Clean, clean, clean
• De-clutter, De-personalize
• Check out the competition

Marketing

• MLS
• Yard Signs & flyers
• The Internet
• Newspaper & Print Advertisings
• Open Houses

Showing Your House

• Lockbox
• Setting appointments
• Pets & Children

Negotiation Strategies

• Discuss offer with agent, review what your net will be
• Seller’s Contributions
• Sign the offer, counter back to buyer, or reject
• Buyer will review counter with their agent and sign, counter back or reject
• Discuss moving date

Escrow

• After offer is accepted and signed ‘earnest funds’ will be deposited into escrow
• Contingency Escrow Period:
  • Fill out Seller’s Transfer Disclosure statement and any other disclosures
  • Appointments will need to be made for access to the property for the appraiser, the home Inspection company, and agents
  • A termite inspection and certification will be performed
• Sign documents
• Closing the Escrow
  • Lender sends balance of purchase price to escrow
  • Deed is recorded with County Recorder’s office
  • If you have funds coming to you, you can have it wired to your bank.

Closing one chapter in your life, and opening a new one.