1. Decides to sell property
2. Selects a real estate agent
3. Determines needs
4. Prepares home for marketing
5. Agent Markets the home
6. Accepts, rejects or counters offer
7. Offer Accepted
8. Loan Application
10. Title Search
12. Loan Approval
13. Closing Papers Signed
14. Documents Recorded
15. Funds Available To Seller
16. Seller Moves Out
17. Buyer Moves In
Exterior of House:The effort put into repairing and cleaning your property is likely to be returned in a fast sale at an attractive price.
As buyers approach your property the first time, impressions are formed quickly.
Often, while waiting to be let in, the first thing a buyer looks at closely is the front door.
Put new paint on the front door.
The kitchen is often the most important room in the house. Make it bright and attractive.
Put a vase of fresh flowers on the table.
It is important that bathrooms are clean, bright and smell fresh.
The living room
Repair & Cleaning Checklist:
The following is a list of some possible work orders. The work orders must be completed prior to closing and the seller is responsible for having them done. Check with your local authorities for specific requirements.
The following conditions may require a work order:
You might have to:
Other items to remember:
* Check with local authorities for specific requirements. Before & while your house is being shown Before
Tag or remove items not included in sale (i.e. water conditioner, chandeliers, plants, drapes).
While Your House Is Being Shown
What is a wood-destroying organism inspection report?
A wood-destroying organism inspection report is a written opinion by a qualified state licensed structural pest control inspector based upon what was visible and evident at the time of inspection. The inspection report does not in any way represent or guarantee the structure to be free from wood-destroying organisms.
What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.their damage, nor does it represent or guarantee that the total damage or infestation is limited to that disclosed in the report. Wood-destroying organisms include subterranean termites, damp wood termites, carpenter ants, wood boring beetles and wood decay fungus.
What are the hazards of lead-based paint?
All buyers and sellers are required by law to receive and read a pamphlet outlining the hazards of lead-based paint for homes built before 1978. Be sure to ask your real estate agent for a copy.
What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For sellers, they are usually about 9.5-10% of the total sales price of a property. Some of the closing costs you might encounter are: discount points, escrow fee, documentation fee, homeowners' association fees, pest/rot inspection, real estate commission and title insurance premium.
What is the difference between "pre-qualified" and "pre-approved"?
If a buyer is "pre-qualified" it has been determined, with a loan officer, what price the buyer can afford based on the down payment, debts and the amount the mortgage company will approve for the mortgage. Being "pre-qualified" is only a determination of probable credit. If "pre-approved", credit, employment and funds have been approved by the lender.
What should a home inspection include?
Every inspection should include, but not be limited to, an evaluation of the following: 1. Foundations
2. Roof 3. Heating and air conditioning systems 4. Ventilation 5. Common areas (for condominiums)
6. Septic tanks, wells or sewer lines 7. Insulation 8. Plumbing and electrical systems 9. Ceiling, walls and floors 10. Doors 11. Hazardous materials concerns** There may be an additional fee for this.
What property details are usually included by Listing Services?
Usually, properties listed will include the following details:
What pages are generally included in the Purchase and Sales Agreement?
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