Selling Your Home
Realty one account
Click HERE to visit my website with Realty One and set up an account or HERE to download my app.
Both are platforms geared more for buyers but you will have my contact info saved to your profile, which then you could find anytime.
First meeting
In order to sell your property, I need to get an understanding of why you are selling as well as your expectations. How fast do you want it to sell, are you paying off the mortgage still, and what conditions the property is in are all factors that contribute to how we design the sale of your property.
I can meet at the property you plan to sell or at a local pub or cafe to just discuss different scenarios and offer a free consultation. The price range of your property also depends on the market conditions and surrounding sales.
How i'm paid
In the state of PA, seller pays both the buyer and seller brokerage commissions, while buyer pays for all the fees, title, and inspections. Industry standard is to see a 3% to both buyer and seller brokers. This 6% sales price to the brokers pays for the agent's commission, the office rent, technology, advertising, printer paper and ink, MLS dues, legal fees and all the expected costs to keep the real estate industry moving.
Depending on the property, or price range, the seller contracts may be written differently. The whole process depends on a number of variables and some things can be negotiable.
You, the seller, will only pay once a buyer has been found.
Listing your property
Once we have established a price range you are comfortable with, and it fits within a marketable amount, we will select a listing price and put it on the multi-list (MLS). This is where all listings start and end. All other platforms that offer services to showcase agents and property are based off information in this database.
That being said, a property listed with me will also show up on Zillow, Trulia, and Realtor.com (with a growing list of others) as well as Realty One's website. This provides a high amount of exposure to your property so that as many people who might be interested can see it, no matter the platform they use.
whats next?
After your property is on the market, other agents or buyers will be interested in looking at the property. Plan for certain days and times to step away from the property so that potential buyers can examine it without interruption. If no one lives there, we can lock the property up and put the keys in a Supra box, this way agents will be able to bring their buyers to the property without much hassle.
Sundays are a classic day for agents to sit a listed property they have as "open". This simply means the agent has a scheduled time where they will be at the property and anyone can swing by to check it out. Other agents may even come look at the property if it is something one of their clients might be interested in. This is another good way to get people to see that your property is up for sale.
buyer submits an offer
After your property has been on the market long enough, you should start to see offers coming in. Depending on how your property was priced, this could be sooner or later.
An offer will include the starting cost to purchase your property, how much hand money they are willing to put down, and how they will be financing the purchase. There are other details but we will discuss this then if you are a seller. Within the offer will also be what contingencies the buyer wishes to have, such as a home or radon inspection.
Once a buyer has gone through the inspections and received their reports, they can either bail from purchasing the property (rare) or come to the table with a change to their offer depending on what the inspection found. For example, if the buyer offers $175,000 for the property, but an inspection shows that the roof will need replaced soon, they can either negotiate a lower price, or ask that you repair the roof before closing.
After all conditions have been agreed upon and signed, the property goes under contract and we move into closing.