In this day and age, there is more than one way to get properties sold beyond just the traditional procedure of leaving it all in the hands of a real estate agent.
Having a listing service like HomeLister brought on board enables users to retain their independence in picking how their house gets advertised while also having real estate experts on the sidelines nearby able to answer their questions.
Let’s not forget the added benefit of the independent home seller holding onto the 6% commission that would typically go to a real estate agency if that entity had been hired to provide that service.
How can selling your own home become an even easier proposition? Take a look at this list of core methods and get the process started as soon as possible.
1. Promoting Your Home
Step one revolves around the simple fact that no home gets sold without engagement from potential buyers. Therefore, to ensure the best results for a real estate sale, you must get the word out to as many interested parties as possible.
The odds of a prosperous property sale increase with the more effort you put into marketing your property to attract prospective buyers to purchase it.
Be sure to include the MLS listing number on the physical sign that you place in front of your house to make it easy for buying agents to look up your listing and offer it to buyers.
Set up detailed social media posts with a link to your online home listing that should include professional pictures and a walk-through video.
Don’t forget to include the old-fashioned but still effective promotional practice of word-of-mouth marketing. Notify your family, friends, and neighbors that you’re your home is going up for sale. Remember, even if they don’t want to buy it, they may have other interested acquaintances.
Make sure that you host open houses physically and virtually to drum up some excitement around the sale of your property and give potential buyers the chance to use their imagination and envision themselves moving in and making your home their own.
2. Handling Offers
Second of all, when the time comes that you have piqued the interest of prospective buyers, you will begin to receive offer letters for your home, which include an estimated closing date and the amount the buyer is willing to pay for it.
Now the fun is starting to begin, and all of that marketing effort you put in is taking shape. When you have an agreeable offer, the following steps can move fast, typically around 30 to 45 days between accepting an offer to closing on your home.
3. Dealing with Purchases Agreements
Next is the purchase agreement, the ‘sales contract’ or the ‘contract of sale.’ As soon as the seller signs the purchase agreement, no more offers can be accepted unless the buyer backs out of the sale.
During the transaction, an escrow account is established by an agent held by a neutral third party, typically the seller’s closing agent or attorney.
The earnest money is the buyer’s first deposit into this escrow account and is typically one to three percent of the purchase price.
4. Title and Closing Clearances
As soon as the earnest money gets deposited, the title company can run a report on behalf of your sold house to locate any tricky situations that could arise with the title of this property.
Between seven to ten days after the buyer’s offer is accepted by the seller, the buyer and their agent/attorney can establish the home inspection to be followed by an agreement upon the terms for repairs of the property if any such work still has to take place.
Then as things proceed, the seller will have to hand over the keys to the house to the buyer on closing day. Be sure that any personal belongings have been removed from the home.
What is the last step, you may wonder? The only thing left to do is celebrate that you have sold your own home using HomeLister.
With the assistance and application of this real estate advice, you can place yourself in a position to put your property up for sale and take pleasure in the process of having more say in how your home gets sold. You can achieve the same success that those that came before you in the HomeLister reviews have been able to have.
