1. Pricing
Drew Eddison Realty will conduct a market analysis to discuss possible marketing strategies and pricing for your home. Deciding the correct price is very important. It can make a difference of receiving multi-offers or no offers at all. Another deciding factor will be mortgage payoff and/or any other liens that could possibly prevert seller producing clear title of the home to buyer.
2. Get Home Ready for Sale
Prepare your home by cleaning, decluttering and improving curb appeal. Make any repairs if necessary. Remove all valuable items from home or place in a secure location. Make arrangements for any pets during showing hours. Determine which hours are best for agents to show your home and get ready to sale.
3. Market Your Home
Drew Eddison Realty will have a professional photographer take pictures of your home with your approval. Your home will then be listing on the TMLS (Triangle Multiple Listing Services) and appear on other major Realtor sites such as Zillow, Trulia, and Realtor.com. Many local Brokerage companies are associated with the TMLS so your home will possibly be featured on their sites as well. We will also discuss with you how, when and what to do as showings are conducted.
4. Receive Purchase Offers and Negotiate
Once an offer on a property have been made by a buyer and accepted, you will enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties by the signing of the document.
5. Due Diligence Period
After buyer and seller reach mutual terms, the buyer will hire a home inspector that will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate repairs being completed or seller credit to them at closing.
During this period the buyer’s bank will also hire an appraiser. The appraiser will determine if the market value is equal to or above purchase price. If the market value is
below purchase price, seller and buyer has the opportunity to re-negotiate purchase price.
6. Closing
Once the buyer and seller agree to all terms, a closing is conducted with an attorney. At closing, all the paperwork is signed by the buyer and seller, both parties pay any settlement fees and the documents are officially recorded.