HOME SELLING PROCESS

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Now that you’re ready to sell your home, here are some milestones that you can expect:

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1. Hire an agent and get the home ready to sell

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Once you are set up with the perfect agent at URBANIKA Realty Group, we will first help you get your house in “showcase condition”, by providing suggestions for interior and exterior improvements. You might be surprised at how small renovations can increase your home’s value by thousands! This is also a good time to gather the paperwork that you will need to expedite the closing once you have an acceptable offer.

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2. Determine the value of your home and the listing price

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There are many factors to consider when determining the listing price, such as location, condition, amenities, supply and demand, as well as local and global market conditions. Your agent will provide a thorough market analysis of your home so that you can come up with a realistic, competitive pricing strategy.

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3. Marketing and showing your home

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This is the part when you can feel at ease, knowing that your agent will utilize the best-selling features of your home and the proper channels to find the right buyer. If your home is priced correctly for the market and conditions, then we should receive offers in no time.

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4. Once a buyer is ready to make an offer

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Your agent will make sure the buyer is pre-qualified and help you negotiate the best possible price and terms.

An offer typically includes the following information:

• The amount the buyer is willing to pay

• Mortgage amount, if any

• Closing and occupancy dates

• Contingencies, such as mortgage commitment, building and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water portability, well, lead, septic, oil tank

• Any personal property specifically included or excluded

If the offer is not acceptable to you, further negotiations may be necessary to reach terms that are agreeable to you and the buyer. It is important to stay in close contact with your agent during this time.

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NOW YOU HAVE AN ACCEPTABLE OFFER

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Timing is critical at this stage, but luckily you have your agent to rely on! During the contract writing procedure, down payments are required and building inspection contingency dates are set. Throughout the transaction, you will need to closely monitor the progress of all contingencies to make certain all deadlines are met. On the day of closing, the buyer will have a final walkthrough to make certain that the house is in good condition, with all required repairs made.

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COMPLETING THE CLOSING PROCESS

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During the closing process, all necessary paperwork will be completed and signed. Title to the property is transferred from you to the buyer. The buyer receives the house keys and you receive payment for the house! From the amount credited to you, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers and other documents are prepared, signed and ultimately filed with the local property record office.