Home Selling Checklist
Selling a home is a comprehensive process with numerous steps. Here's a general list of things
sellers typically need to do from start to finish when selling their home:
sellers typically need to do from start to finish when selling their home:
1. **Determine Motivation and Timeline**:
- Decide why you are selling (e.g., upsizing, downsizing, relocation).
- Determine when you want or need to move.
2. **Research the Market**:
- Look at comparable homes in your area (comps) to gauge the market value.
- Consider the current state of the real estate market (buyer’s vs. seller’s market).
3. **Choose a Real Estate Agent**:
- Research and interview several agents.
- Select someone with a strong track record and knowledge of your local market.
4. **Prepare the Home**:
- Declutter and depersonalize.
- Make necessary repairs.
- Consider updates or renovations that could increase the home's value.
- Stage the home to make it appealing to potential buyers.
5. **Set a Price**:
- Use market research, comps, and advice from your real estate agent to set a competitive
price.
6. **List the Home**:
- Make sure your agent takes professional photographs.
- Writes a compelling listing description.
- Posts the listing on multiple platforms, including MLS, real estate websites, and social media.
7. **Market the Property**:
- Host open houses.
- Schedule private showings.
- Promote through social media, ads, and local real estate publications.
8. **Negotiate Offers**:
- Review offers with your agent.
- Decide whether to accept, reject, or counteroffer.
- Consider terms beyond just price, such as contingencies and closing dates.
9. **Accept an Offer**:
-Sign a purchase agreement.
- Notify any other interested parties.
- Notify any other interested parties.
10. **Navigate the Inspection and Appraisal**:
- Allow the buyer's inspector to evaluate the home.
- Make any agreed-upon repairs.
- Await the appraiser's valuation to ensure it aligns with the agreed-upon sale price.
11. **Finalize Financing**:
- The buyer will work with their lender to finalize the mortgage.
- You might need to provide additional information or documents.
12. **Prepare for Closing**:
- Ensure all repairs and conditions from the purchase agreement are met.
- Begin packing and clearing out.
- Notify utility companies, postal services, and others of your upcoming move.
- Update your address with necessary institutions (banks, credit cards, etc.).
13. **Move Out**:
- Ensure you’ve removed all personal belongings before closing.
- Leave the home clean for the new owners.
14. **Closing**:
- Review and sign all necessary paperwork at the closing meeting.
- Hand over the keys to the buyer.
15. **Post-Sale**:
- Keep records of all sale-related documents for tax purposes.
Each home sale is unique, so the specifics may vary depending on location, market conditions,
and individual circumstances. However, this list provides a general overview of the steps
involved in the process.
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Shawn Wendtland
Realtor-Broker | Lic# 58614-90