SELLING AVON HOMES AND REAL ESTATE SALES OHIO | AVON LAKE REALTOR SALES
BAY VILLAGE REAL ESTATE SALES | REALTOR SELLING NORTH RIDGEVILLE HOMES
WESTLAKE OHIO REALTOR SELLING HOUSES | LORAIN COUNTY REALTOR | AMHERST OH HOME SALES
SHEFFIELD LAKE OH HOME SALES | GRAFTON OH REALTOR | OBERLIN OH HOMES AND FARMS
SELLING ELYRIA OHIO REAL ESTATE | OLMSTED FALLS HOMES FOR SALE
WELLINGTON OHIO HOMES AND REAL ESTATE | FAIRVIEW PARK OH HOMES FOR SALE
Eight steps to selling your home
- Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. For your goals, write down if you'd like to sell your house within a certain time frame or make a particular profit margin. As your real estate agent, I will work with you to map out the best path to achieve your objectives and set a realistic time frame for the sale.
- Set your price. Your next objective should be to determine the best possible selling price for your house. Setting a fair asking price from the outset will generate the most activity from other real estate agents and buyers. You will need to take into account the condition of your home, what comparable homes in your neighborhood are selling for, and state of the overall market in your area. It's often difficult to remain unbiased when putting a price on your home, so put JoAnn Abercrombie's expertise of the local real estate market to use in setting the right price for your home. I will show you what comparable homes are selling for in your neighborhood and how those homes compare to yours, how long those homes have been on the market, when setting a price for your home.
Of course, if you want a truly objective opinion about the price of your home, you could have an appraisal done. This typically costs a few hundred dollars. Remember: You're always better off setting a fair market value price than setting your price too high. Studies show that homes priced higher than 3 percent of their market value take longer to sell. If your home sits on the market for too long, potential buyers may think there is something wrong with the property. Often, when this happens, the seller has to drop the price below market value to compete with newer, reasonably priced listings.
- Prepare your home. Most of us don't keep our homes in "showroom" condition. We tend to overlook piles of boxes in the garage, broken porch lights, and doors or windows that stick. It's time to break out of that owner's mindset and get your house in tip-top shape. The condition of your home will affect how quickly it sells and the price the buyer is willing to offer. First impressions are the most important. As your real estate agent, I can help you take a fresh look at your home and suggest ways to stage it and make it more appealing to buyers.
* A home with too much "personality" is harder to sell. Removing family photos, mementos and personalized décor will help buyers visualize the home as theirs.
* Make minor repairs and replacements. Small defects, such as a leaky faucet, a torn screen or a worn doormat, can ruin the buyer's first impression.
* Clutter is a big no-no when showing your home to potential buyers. Make sure you have removed all knick-knacks from your shelves and cleared all your bathroom and kitchen counters to make every area seem as spacious as possible.
- Get the word out. Now that you're ready to sell, as your real estate agent, I will set up a marketing strategy specifically for your home. I will place your home on the internet on the MLS, as well as on over 300 of the top home-search websites, to get maximum exposure for your home fast. This will place your home in front of the largest pool possible of qualified buyers seeking a home like yours.
- Receive an offer. When you receive a written offer from a potential buyer, your real estate agent will first find out whether or not the individual is prequalified or preapproved to buy your home. If so, then you and I, as your agent, will review the proposed offer, taking care to understand what is required of both parties to execute the transaction, and I will discuss the strengths and weaknesses of its points with you. The contract, though not limited to this list, should include the following:
* Legal description of the property
* Offer price
* Down payment
* Financing arrangements
* List of fees and who will pay them
* Deposit amount
* Inspection rights and possible repair allowances
* Method of conveying the title and who will handle the closing
* Appliances and furnishings that will stay with the home
* Settlement date
At this point, you have three options: accept the contract as is, accept it with changes (a counteroffer), or reject it. I will discuss all your options with you.
Remember: Once both parties have signed a written offer, the document becomes legally binding. If you have any questions or concerns, be certain to address them with your real estate agent right away.
- Negotiate to sell. Most offers to purchase your home will require some negotiating to come to a win-win agreement. Your real estate agent is well versed on the intricacies of the contracts used in your area and will protect your best interest throughout the bargaining. As your agent, I will discuss what each contract clause means, what you will net from the sale and what areas are easiest to negotiate. Some negotiable items:
* Closing costs
* Appliances and fixtures
* Move-in date
Once both parties have agreed on all of the terms of the sale, you will receive the fully executed signed contract.
- Prepare to close. Once you accept an offer to sell your house, you will need to make a list of all the things you and your buyer must do before closing. The property may need to be formally appraised, surveyed, inspected or repaired. As your real estate agent, I will spearhead the effort, making sure that each term in the contract is met, and serve as your advocate when dealing with the buyer's agent and service providers. Depending on the written contract, you may pay for all, some or none of these items. If each procedure returns acceptable results as defined by the contract, then the sale may continue.
If there are problems with the home, the terms set forth in the contract will dictate your next step. You or the buyer may decide to walk away, open a new round of negotiations or proceed to closing. A few days before the closing, the escrow agent will contact you to schedule the closing and to let you know of any necessary documents that they will need you to bring with you, to make sure that everything is in order for a smooth closing. Also, begin to make arrangements for your upcoming move if you have not done so.
- Close the deal. "Closing" refers to the actual title transfer of ownership, from seller to buyer, at the courthouse (the recording of the deed), but in Northeast Ohio, the closing documents are usually signed a day or two prior to the actual closing date, to make it easy on everyone's schedules. As your agent, I will be able to guide you through the closing process and make sure everything is in order and things go as planned. I can mediate any last-minute issues that may arise. After the closing, you should make a "to do" list for turning the property over to the new owners. Here is a checklist to get you started:
* Cancel electricity, gas, lawn care, cable and other routine services.
* If the new owner is retaining any of the services, change the name on the account.
* Gather owner's manuals and warranties for all appliances that remain with the house.