10 Steps:
1) Define Needs
2) Pricing
3) Property Prep
4) Marketing
5) Receive Offer
6) Negotiate
7) Vendors
8) Pre-Close
9) Close
10) Post-Close
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7. Find the Vendors You Need
Once you have accepted an offer to sell your home, your real
estate agent will inform you of all the procedures involved
in order to proceed successfully to closing, as well as the
parties responsible for completing those procedures and estimates
of completion. For instance, the property may need to be formally
appraised, surveyed, inspected or repaired. Depending on the
specifics reached during the negotiations, you may pay for
all, some, or none of these items.
Your agent will then coordinate with all the parties and
keep you informed as to the results of the various procedures.
If each procedure returns acceptable results as defined by
the contract, then the sale may continue. If there are problems
with the property the terms set forth in the contract will
dictate your next step. Depending on the contract, you or
the buyer may decide to walk away, open a new round of negotiations,
or close. Your agent will advise you throughout this process
and will help you coordinate any actions you must take to
keep the sale moving forward.
There are some sales that go smoothly and some that require
a lot of work to get to the closing table. Until you get into
it, you won't know which one you have on your hands. Either
way, your agent will be there with you every step of the way.
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