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1. Pre-Listing Appointment
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2. Listing Appointment
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3. Market Your Home
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Meet with your real estate agent to go over the Agency Disclosure, give a tour of the home while the agent takes note of any special features or updates, and the agent presents his/her marketing plan for your listing. |
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Meet with your real estate agent to sign a listing contract. The agent will also install a lockbox, schedule photos to be taken of the property, and help stage the property if needed. |
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Your home or property will be uploaded to the MLS (Multi-Listing Service), a sign will be installed (if allowed) on your property, and your agent may create other marketing materials. |
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4. Buyer Prospecting
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5. Sales Agreement
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6. Inspections
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Now that your home is on the market, here comes the fun part! Showing off your home to potential buyers! Buyer agents will schedule showing appointments and give potential buyers a tour of your home. Your agent will follow up with the buyer agents for feedback on your home and may host a public open house to provide more exposure to potential buyers. |
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When a buyer falls in love with your home, they will enlist their agent to prepare an offer. The buyer agent will submit that offer to your agent who will then present it to you and go over the details of the offer with you. Occasionally, there are multiple offers that a seller can choose from. There is always the option to accept an offer as written or counteroffer. Your agent can guide you through that process. |
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If the buyer requested a home inspection in the offer, it will be scheduled according to the agreed upon number of days. The inspector can check for many things such as well & septic issues (if applicable), structural or mechanical failures, pest or environment problems, etc. After the inspection is finished, the buyer will receive an inspection report and will have the option to negotiate any repairs that may need to be done, accept the home as is, or walk away if an agreement cannot be reached. |
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7. Loan Commitment
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8. Closing Prep
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9. Closing
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Now that the inspection and/or any negotiations on repairs are agreed upon in writing in the form of an addendum to the purchase agreement, you wait while the buyer continues to go through the loan process. An appraisal will be ordered and an underwriter will review the appraisal and all loan documents. |
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Yay! The buyer's loan has been approved! This means, that now it's time to schedule a closing date! If you have a mortgage, a payoff will be ordered, and the title company will prepare the closing documents. Your agent will review the closing figures with you, and the buyer’s agent will schedule a final walk-through. |
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Congratulations! You've made it to closing day! You and the buyer will sign all of the closing documents in front of a representative from the title company or a notary, and then you’ll receive the proceeds from the sale. |
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