Selling 101

Let's Talk About Selling Your Home

You are ready to sell your home. You may have purchased this home as an investment or you may have lived there your entire life. Whatever the situation, selling home is an emotional time. There are many things to consider...so where do you start?

Let me briefly walk you through the steps I take when preparing for a home sale.

Step 1- Create a Marketing Plan

Create a marketing plan for your home that will help distinguish it in your local marketplace and attract buyers to your property. This may include advertising in the newspaper, posting your listing on the Internet, holding an open house and more. I use the CENTURY 21 Customized Marketing System and customize it to create a personalized selling program for my clients. Its purpose is to sell a home at the best price possible in the shortest amount of time.

Step 2 - Setting the Price

A key part of the marketing plan is setting the list price. If a home is priced too low, it may cost you money. If a home is priced too high, potential buyers may be scared away. It's hard to renew interest for potential buyers who were first scared away by a high price. To determine the best asking price I review the cost of recently sold homes, number of days on the market, evaluate the competition and study marketplace trends. I have been trained to use this information to help you reach the right asking price. It is also helpful to discuss other terms and conditions, such as timing and items that can be included with the sale of the home. Both of these can make your home more attractive to potential buyers.

Step 3 - It's Show Time

Now it's time to get your home ready for the spotlight. Start with a good cleaning, then eliminate any clutter, add a fresh coat of paint and tidy up the yard. Talk to your real estate professional about other tips that can help boost a home's curb appeal and impress potential buyers once they're in the door. One way to make a home more attractive is to purchase a Home Protection Plan or Home Warranty Plan. This insurance protects you, the seller, from paying repair or replacement costs of major items during the listing period. It also protects the buyer during their first year of homeownership. This is a great selling feature. It shows your confidence in the quality of your home. CENTURY  21 offers this protection.

In addition, make sure you are aware of all the federal, state, and local disclosure laws. This information can be obtained from the specific local and federal government agencies who regulate home sales.

Step 4 - Protecting Yourself

In some cases, a home sale can also be an invitation for danger. Here are some things you can do to make the process safer.

• Ask for identification
• Ask for pre-approval letters
• Lock up and hide collectibles and valuables
• Remember "For Sale" signs bring in buyers. Do not allow your children to open doors to strangers.
• If you have pets, make sure they are controlled
• Remove any dangerous items

Step 5 - Making the Deal

A buyer has made an offer - now it is time to negotiate. Rely on your real estate professional to guide you through this process. She will help you arrive at an acceptable price, terms and conditions. Once you have accepted an offer, help keep the deal together by meeting deadlines and criteria, including home inspections, appropriate buyer visits, scheduled deposits and other steps. In fact, during this period there may be a renegotiation of the accepted offer price depending on the outcomes of these visits. As the closing nears, you may also need to perform repairs or do additional work to the house as agreed upon in your contract. In addition, you will need to have the house "broom clean" prior to the closing so that the buyer can complete a final walk through. When you finally arrive at the closing table, come prepared with the appropriate certificates and approvals as required by your town, county and state. Ask the appropriate agencies what you will need for closing...or just let me take care of it. Once the money has exchanged hands and all the papers signed it's time to hand over the keys and concentrate on your next big project - getting YOUR new home in order.