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Seller's Guide

A Step-by-Step Seller's Guide

Selling what may be your most valuable asset can be a stressful process. Fortunately, with the help of an experienced professional, you can complete the process achieving the best possible outcome. Although your experience will be unique, the following guide will give you an idea of what you can expect throughout the process.

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Step 1: Choose the Right Real Estate Professional

Selecting the right real estate professional is crucial to a successful home-selling experience. Your real estate professional will guide you through preparing your home for sale, whether that means recommending repairs, staging, or enhancing curb appeal. They’ll help position your home with a compelling list price, market it effectively to attract buyers, and negotiate on your behalf to secure the best possible deal. A skilled real estate professional also acts as a problem solver, ensuring a smooth and stress-free process from start to finish. The Sullivan Realty Group brings over 70 years of combined experience in all of these areas and can be your partner in your home-selling journey.

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Step 2: Understand Your Goals

Fully understanding your motivations for selling and communicating them with us is important to listing your home. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. If your goal is to make a certain amount of money to go toward your next home, we will need to price accordingly. Our team will work with you to get a full picture of your selling situation and walk through every step with you.

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Step 3: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate professionals and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. We will work with you to determine the right selling price for your home. 

 

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Step 4: Start Preparations

Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition. We have connections to dozens of service professionals, from septic care and landscaping, to painting and junk removal, that can help you get your home in its best shape.

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Step 5: Develop a Marketing Strategy

Creating and executing an effective marketing strategy for your home is how we get people to see your home. This involves listing the home and then driving the right people to that listing through social media campaigns, realtor-to-realtor referrals, traditional media, or SEO advertising. Our team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 6: Evaluate Offers

Receiving an offer is an exciting part of the process. We will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap without lowering the sale price, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 7: Accept an Offer

Once we deem an offer acceptable, we will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the terms, we will prepare a final contract and you will have an accepted offer on your home.

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Step 8: Get Ready to Close

Now that you have accepted an offer, it’s time for you and the buyer to make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the sale can close. We will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, we will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 9: Close

You’ve reached the last step in the seller’s process! When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. We will meet with the company closing the transaction to sign the final paperwork and, if needed, go over any issues that are still outstanding. During this time, you can also contact your companies for utilities, cable, and lawn or trash services to change the name on accounts that the new owner is retaining. We can help you make these changes.

Step 10: Celebrate and Move Forward

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

Work With Us

We're experts in marketing, negotiating, and problem-solving. As your advocate, our proven marketing plan and strategies for success can help make your real estate experience a positive one. We have successfully negotiated hundreds of transactions and helped countless home buyers and sellers.

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