Step by Step Home Selling
Why Sellers Choose Ron Michael Properties
Deciding to sell your home is a big step. As your real estate professionals we can help you with your selling and moving goals. Let us discuss your time frame of selling and potentially buying another property. By reviewing the items below, you will have a better idea of what to expect during the process of selling your property.
1. Meeting Your Real Estate Professional
Our agents will prepare a Market Analysis Report for you to help in deciding on a purchase price. The purchase price is very important. For example, we may want to start higher than other comparable sales to test the market or a little lower to obtain multiple offers.
2. Deciding When to Place Your Home on the Market
Current local market conditions and time frame in selling will be discussed. We will help you determine your needs and reasons for selling. Before your home goes on the market we will complete the required transaction documents, such as the listing agreement and disclosures, using the required California Association of Realtors.
3. Marketing Your Home to Potential Buyers
When placing your home on the market, we will coordinate with you and other real estate agents to arrange showings of your home to qualified buyers. As your agents we will take care of showing and presenting the best features of your property to buyers and other agents. We will advertise and hold your property open for buyers and agents to preview.
4. Reviewing the Buyer’s Purchase Offer
Once an offer is made, we will review the offer with you and help you prepare a response to that offer. Our strong negotiating skills and knowledge of this process will help you reach the right agreement.
5. Presenting Your Purchase Offer Response
With our help, you may accept, counter or decline the purchase offer. This process may take anywhere from a few days to a week, depending on the time deadlines specified in your response to the buyer’s offer.
6. Opening Escrow
Escrow is opened and the buyer’s “earnest money” will be deposited at this time. Your escrow company will handle all funds associated with your transaction.
7. Entering the Contingency Period
This time period is specified in your purchase agreement. During this time, the buyer works to satisfy contingencies to the purchase agreement, such as obtaining a property inspection and appraisal. We will work with you to ensure that all of the transaction documents are completed and provided to the buyer for review. Transaction documents can include:
- Real Estate Transfer Disclosure Statement
- Physical Inspection of Property
- Property Pest Inspection
- Other Disclosure Forms
8. Closing Escrow
When all conditions of the purchase agreement have been met, you will sign all of the closing documents, including the Grant Deed. The transaction is completed when the buyer’s lender funds the loan and the existing mortgage on the home is paid off. Next, the Country Recorder’s office will record the deed in the buyer’s name, and your home transaction will be complete!
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3231 Ocean Park Blvd. Suite 216
Santa Monica, CA 90405