The 3 Main Steps in Selling Your Home

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05/17/2022

 
 

Selling a home is something the average American only does a handful of times over their lifetime. As a result, it can be overwhelming knowing where to start. Here are 3 steps to help you better understand what will happen during a home sale. Each step has variations to it depending on the housing market in your local area and your personal financial situation. That’s why it’s important to seek help from a realtor to help you navigate the process. 

Prep House

Some people insist on doing major renovations to a house prior to selling and others say let’s just sell “as-is” in its current shape. The reality is, what will be asked of you from a potential buyer will depend on the current housing market. 

Over the last several months in Omaha, NE and surrounding areas, a seller didn’t need to do hardly anything in order to get several offers at or above their asking price. This is rapidly changing with interest rates on the rise and houses that aren’t in great condition, are sitting a few extra days. This is still a very strong market but not as crazy as it was 3 months ago. 

When the market does change drastically into a buyer’s market, buyers will expect houses in pristine condition before they take ownership. They will want minor things fixed that they see themselves along with the items that come up in an inspection. 

Go Live

In order to go live, you will need to get photos done and all of the appropriate paperwork completed. Your realtor will input these photos and the details of the house into the MLS which is hands down the best place to market your home.

Showings will begin as soon as the day you go live so that means, people will want to walk through your home. Your realtor will coordinate all of these showings and if you have a home that is going to be very attractive to buyers, you may be best off to take a weekend away somewhere if you are able to. 

If you have interested buyers, their realtor will submit an offer to your realtor for review. Your realtor will walk through all of the details of the offer and point out all of the intricacies to make sure you accept an offer that meets your goals and one you will be happy with. 

Under Contract/Closing

Once an offer has been accepted, the clock begins on all of the contingencies in the offer. These can be an inspection contingency, a financing contingency with the need for the house to appraise, a clean title on the property, or even the sale of the buyer’s current home. One offer can have multiple contingencies and you’ll want the help of a professional to navigate you through the process. 

Once all of the contingencies have been removed, financing approved by the lender and the title company has given the clear to close, you will sign the deed set of your property over to the buyer of your home. This is done a couple days prior to closing at the title company’s office. 

On the day of closing, you will need to be completely out of your house prior to the buyers closing on your home. Their realtor will have obtained a key by this point and you will want to leave your other house keys along with the garage door openers in the house. 

Selling a home can be overwhelming but a realtor can take so much stress off of your plate. Find yourself a realtor who can tackle any problem that comes your way. If you're in the Omaha, NE area, reach out to me to start the conversation today. If you're in another location, I can also connect you with a qualified agent in your location.