12/07/2013

You're Almost Home - Final Steps to Sold!


Thinking about selling your home?  Now is a great time to sell!  You're in good hands with the experienced professionals at Inside Realty.  We guarantee that your home sale will be a simple and rewarding experience.  For an overview, read on.


Determining Your Home's Value
 






















Before you sign a listing contract with one of our realtors, we will provide you with a Competitive Market Analysis (CMA) of your home’s value. We will set the final asking price on your property based on this market value estimate.
When you receive an offer on your home, the buyer’s lender will require an appraisal of the property from a licensed appraiser. This evaluation helps assure the lender that the value of the home is sufficient should the buyer default on their mortgage.
 

 
Inspection 























In addition to an official appraisal, most buyers will request a home inspection with their offer. The goal of a home inspection is to give the buyer an objective, independent and comprehensive analysis of the physical condition of your property and check for any safety issues that might otherwise be unknowable.  A professional inspector will check on the structure, construction, and mechanical systems of the house, such as: 

• Lead Paint
• Asbestos
• Electrical  systems
Plumbing and waste disposal
Water heater
Insulation
Ventilation
HVAC system
Water source and quality
Pests
Foundation
Doors
Windows
Ceilings
Walls
Floors
Roof
 



Accepted Offer

 





























 Once we’ve received an acceptable offer there are several steps that will need to be completed before the transaction and transfer of your property is complete.
1. The buyer submits “earnest money” that is deposited into your real estate broker’s account.
2. A title policy will be ordered on your property.
3. We will set a closing date with your buyer.
4. The buyer will order an appraisal and in most cases, an independent home inspection.
5. After the appraisal and home inspection, The buyer will either remove the “conditions of sale”, try to renegotiate their initial offer, or withdraw their offer entirely.
6. You will need to complete any agreed upon requests for repair that were submitted by the buyer before the closing date.
7. The buyer will most likely schedule a walk through to verify the condition of the property and see any repairs that were made right before your closing appointment.
8. When the final offer is finalized we will submit the final legal disclosures and other material facts relevant to your property.
9. Closing is scheduled and completed. Your house is sold!





What will happen at the closing?
 














 Closing is the legal transfer of ownership of the home from seller to buyer. Closing procedures are usually held at the title company or lawyer’s office. Your closing officer will coordinate the signing of documents and the collection of and disbursement of funds. 



In order to ensure a smooth closing you and your Realtor will:













 Review the Settlement Statement or HUD-1 that the buyer’s lender or closing agent will provide you 1 to 2 days before closing. These documents will contain a detailed description of all costs associated with the transaction, including the exact dollar amount the buyer will need to bring to closing.
Verify with your closing agent any other items that you need to bring with you such as a valid driver’s license or other form of identification.


Please feel free to call Inside Realty with any questions.  We are dedicated professional and love what we do!  We are happy to help!  Call 248-758-0022, seven days a week.






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Residential for sale - 240 W YALE Avenue, Pontiac, MI 48340

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