Home Sellers Guide for Virginia
If you are thinking about selling your home, there is a lot of preparation to undertake. This is an exciting time as you will likely be searching for your next home soon; however, let’s concentrate on selling your existing home first. Numerous aspects come into play when selling your house, so let’s examine the process in detail so you can be well-informed about the upcoming steps before listing your property. As with any real estate choice, it’s essential to grasp the market conditions in your locality.
Steps For Selling Your Home
Find A Real Estate Listing Agent
Selling your home can require time and patience. Identify the right real estate agent who will assist you throughout the entire process to achieve the main objective of selling your house.
Set Listing Price
After selecting your real estate agent, you will collaborate with them to determine your listing price. Your agent will guide you through this by performing a comparative market analysis and suggesting a listing price that will enable your home to sell within a reasonable period.
Prepare The Home
Before scheduling your listing photos and organizing open houses or showings, it is necessary to get your home ready. You can do this by decluttering and depersonalizing your space, allowing potential buyers to envision their own lives and personal touches within it.
Market The Home
Your real estate agent will list your home and start marketing it. This will involve placing it in the MLS, conducting open houses, and posting on various social media and marketing platforms. Agents also network extensively in their communities, which is beneficial since they are acquainted with other agents who may have buyers searching for properties like yours.
Negotiate
Once your home is listed and showings take place, you may attract interested hme buyers. This typically leads to offers coming in, and your agent will assist you in navigating negotiations and making informed decisions to secure a favorable sale of your home.
Escrow
After accepting an offer, you enter the escrow phase. During this period, both buyers and sellers await closing while completing several essential tasks before finalizing the sale of your home.
Inspection
The inspection will occur during the escrow period. The home buyer will hire a property inspector to evaluate the structural condition of the home and identify any possible repairs that may be required. The buyer and seller will negotiate these issues, and once they are settled and addressed, the inspection contingency will be lifted.
Appraisal
The buyer will also require an appraisal if they are financing the home purchase with a mortgage. The lender will arrange the appraisal to confirm that the purchase price aligns with the property’s value. This step is crucial in the escrow process since the lender will not approve the mortgage if the appraisal does not support the purchase price. If everything turns out positively, the appraisal contingency will be removed.
Closing
Once all contingencies are resolved, buyers and sellers share the excitement of nearing closing day. As a seller, your listing agent will guide you through all the necessary paperwork. Alongside all the closing documents, sellers must pack their belongings and vacate the premises before closing. Once everything is finalized and sellers have moved out, they will hand over the keys and receive the proceeds from the successful sale of their home.
When you're looking to sell a home in Arlington, Northern Virginia, or the surrounding area, you can count on Dell Realtor to provide top-notch service when listing your home. Would you like to schedule a property viewing in Arlington, VA? I'd love to help you begin the process of finding a new home. Do you own your home and wonder about your current property value? Call me at 202-441-2348. Find your city below or get a free market analysis on your home now!