Here is a quick look at the typical selling process in a nutshell.
1. Discuss the prospects of selling your property with your REALTOR®.
2. Set a list price using, among other things,
a Comparable Market Analysis.
3. Complete a Listing Agreement and other paperwork to put your home on the
market.
4. If agreed to, a FOR SALE sign and lock box may be placed on your
property.
5. Potential buyers and buyers' agents may come to preview your home.
6. If someone offers to buy your property, your REALTOR® may present the
written offer to you.
7. You may agree to sell your home if the terms of the offer are
acceptable.
8. If the offer is accepted, "escrow" may be opened by hiring an escrow
company.
9. Appraisals and other inspections may take place, if not previously
conducted.
10. The buyer may schedule inspections and review and approve inspection
reports, disclosures, and other things.
11. Any repairs agreed upon may be made during this time.
12. The buyers' lender may finalize its loan, unless the buyers are cash
purchasers.
13. As the closing date nears, a final buyer's walk-through may be
scheduled and
conducted.
14. Coordinate utility shut-off with your REALTOR® so he or she can relay
it to the buyers.
15. Escrow company prepares final closing paperwork.
16. You will be notified of when to sign closing paperwork.
17. Closing paperwork is signed, and sent to be recorded.
18. Upon recording, the transaction is closed. Escrow disburses funds—you
may receive a check.
