Hi Friends!
This year I have been working with a lot of sellers so I thought I’d fill you in on what a typical timeline looks like from the seller’s end of a transaction.
1. Select a Realtor
2. Initial Consultation
-Review market analysis and comparable homes
-Establish listing price
-Sign listing agreement
3. Home Preparation
-Declutter
-Clean up
-Stage
4. Work with Realtor
-List and market the home
-Schedule showing and open houses
-Review offers
-Negotiate terms
5. Fully Executed Sales Contract
-Open escrow
-Buyer to deposit earnest money
6. Prepare, Review, and Sign Documents
-Disclosures to be filled out and signed
-Escrow instructions to be filled out and delivered back to escrow
7. Grant Buyer’s Access to Home for Inspections
-Review and negotiate request for Repairs (if applicable)
-Request buyers to remove inspection contingencies
8. Request Buyer’s to Remove All Other Contingencies
-Appraisal contingency
-Loan contingency
9. Sign Final Documents
10. Grant Buyer’s Access to Home for Final Walk Through
(if applicable)
11. Lender to Fund the Loan
12. Title Transfer to New Owners
13. Close Escrow!
-Buyers receive keys
14. Receive Final Check and Closing Package from Escrow
Your agent’s job is to help keep you on track every step of the way so you wont have to memorize this process. They should be aware of the deadlines for the buyer to remove their contingencies and for when your paperwork is due. They will also help you coordinate appointments with the buyers as well as handle any new negotiations that may arise during the escrow period. Hopefully this timeline has given you a snap shot of what to expect when selling your home and the general order of the process. As always, if you have any questions or if you are thinking of buyer or selling your home, don’t hesitate to contact me! cell: 310.387.4693 or email: laurenw@hmsold.com
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