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Seller's Checklist

My 8 Step Checklist

1) Prepare to Sell your home
Identify your property’s buyer pool, 3 top property features, fill out a seller’s property disclosure and prepare for picky buyers and obsessive home inspectors. Most buyers will require financing and insurance, (require a 4-point inspection for insurance) and appraisal.
2) Inspect and Repair
Most buyers will require financing and insurance to purchase your home...so repair items that will facilitate financing. FHA and VA loans require the property to be move-in ready, no wood rot, all appliances working, roof in good condition and ready for buyers to move into.
3) House Photo-shoot
Photo-shoot...turn on all lights, open blinds, turn fans off and rearrange furniture and personal items to make the room larger. Take photos horizontal and try to get as many walls in a photo as possible. Move extra personal items into one room or garage.
4) List your Property.
Your property is ready to sell and for buyers to view. Fill out the “Add Listing” form to add your property listing and save. You can edit any information on the edit page and share a link if your property is listed or previously listed on a 3rd party site. Your listing will display on your seller portal.
5) Search and Invite Buyers
Search buyer’s Wishlists by entering your address to view buyers in your area. Wishlist includes buyer’s Lender, Realtor, budget and their Must Have’s. When a buyer Wishlist matches your listing, click on the “add buyer to Invite Cart”, then check the buyer to invite to your listing.
6) Set Showings and Receive Offers
When a buyer accepts your invitation, it will display on your Seller dashboard and their Realtor will reach out to you via your showing instructions. Regarding net proceeds, ask the Realtor for an estimated seller's proceeds with offer, prior to taxes and lien.
7) Contract and Contingencies
A contract starts the contingency period...Appraisal is ordered, Inspections begin. Some buyers will bring a full team of inspectors so this is when your pre-listing preparations will come to light. Insurance company and appraiser may ask for repairs for buyer’s loan contingencies.
8) Walk Thru and Closing
The Buyer will usually "walkthru" the property prior to closing to make sure everything is in order and home is ready and clean for transfer. The title company will handle closing and dispersing of the funds and deeds. Congratulations!

Seller Safegards

Know your Buyer Pool
Prepare your home by buyer type. If the primary buyer for your property is an FHA buyer, then it is best to have functionality items such as roof, A/C and appliances working. If you have a luxury buyer, it may be best to upgrade cosmetics.
Commission and Duties
Sellers offer the BUYER"S AGENT 3% commission. Hence - Sellers will have to perform SELLING AGENT'S duties listed in Seller's Checklist.
What is an "As-Is" contract?
"AS-IS" to a seller is not always As-Is. If your buyer is financing, the lender and insurance will REQUIRE specific conditions are met. For Example, most insurance companies will not insure a home with a roof over 20 years. IF the seller wants the property to qualify for financing, then the roof will have to be replaced prior to sale. CASH buyers will be the only true "As-Is" sale for there are no contingencies placed by 3rd parties.
Appraisal Safegard
All financing purchases require an appraisal ordered by the lender. ONLY CASH buyers do not require appraisals. To safeguard the sale, the seller may ask for the sale price to match the appraisal price. This is a great safeguard to ensure the contract price is fair market value.