Home Selling

STEP 1: FIND A REAL ESTATE AGENT

Your real estate agent is an expert in the home selling process and is the one who will be "on your side" and watching out for your best interest.

What to look for when you are trying to hire an agent?

Full-time agent who can provide 24/7 support
Good communication skill who can calmly get his/her points across
Willing to present perspectives that are different than yours so you can see the full picture
Provide unbiased market data in a condensed user friendly form so you can make informed decisions

There is no standard commission rate. You should compare the services provided by different agents and decide which agent provides the services you need.

STEP 2: PRICE YOUR HOME

DATA COLLECTION

Your real estate agent will search for all the properties that are comparable to your home. The best comparable sales are those with the same number of bedrooms, bathrooms, similar square footage, amenities, features, and condition. These properties are preferably in the same subdivision and were sold within the last few months.

DATA ANALYSIS

Your real estate agent will take all the comparable sale data and summarize it to show how much buyers are willing to pay for all the different features and amenities.

CHOOSE A LISTING PRICE

Combining the comparable sale data and the real estate agent's experience, the agent will make a recommendation on the price range that you can list your home for. A good agent will not only give you the price range, but also the rationale for the recommendation.

WHAT IF THE LISTING IS TOO HIGH?

Less interest in the property in the first few weeks
Potential fair offer that will not consider because you think you can get more your property
As time goes on, you will have to reduce your asking price, this will weaken your position as a seller

WHAT IF THE LISTING PRICE IS JUST RIGHT OR SLIGHTLY LOWER THAN MARKET VALUE?

More interest in the property in the first few weeks. This will help sell your home faster
Lower than market price can generate competition among buyers. This can sometimes help you get higher than asking price offer.

STEP 4: PUT YOUR HOME UNDER CONTRACT

ADVERTISE YOUR HOME

SCREEN POTENTIAL BUYERS

ADVERTISE YOUR HOME

Beside advertising the home on MLS, we will also list your property on other platform such as realtor.com, Zillow, social media and more

COORDINATE SHOWING

SCREEN POTENTIAL BUYERS

ADVERTISE YOUR HOME

Offer multiple methods (open house, individual showing, virtual showing, etc) to show your home to as many qualified buyers as possible

SCREEN POTENTIAL BUYERS

Your realtor should screen for the most qualified buyers to make sure they can close the transaction in a timely manner

NEGOTIATE CONTRACT

REVIEW & EXECUTE CONTRACT

SCREEN POTENTIAL BUYERS

Beside sell price, there are so many other terms and conditions (survey, option fee, earnest money, closing cost, appraisal, personal properties, timeline, etc.) involved in a real estate transactions.

REVIEW & EXECUTE CONTRACT

Real estate contract may be one of the most complicated documents you have encountered. Your realtor will review and explain all terms and conditions so you understand what you sign.

STEP 5: CONTRACT TO CLOSE

ESCROW/TITLE WORK

After the contract is signed, the buyer has three days to deposit the earnest money with the escrow agent/title company. Title company will also investigate the property title to ensure closing can occur.

HOME INSPECTION

The buyer can hire a professional home inspector to ensure the property is in good condition. This must be done before the option period ends. If there are unexpected findings on the inspection report, buyer may use these findings to negotiate for repairs or concessions.

HOME APPRAISAL

A home appraisal provides and independent and impartial analysis of real property. At the end of the appraisal, you will be provided with an accurate estimate of the fair market value of the home being sold. If appraised value is lower than sale price, buyer may use this information to re-negotiate the contract.

CLOSING DAY

You will be signing lots of paper. It is best to review and understand the closing documents before coming to the closing table. Your realtor can explain or find the answer for any questions you may have while reviewing the paperwork.

ARE YOU READY FOR THE NEXT CHAPTER OF YOUR LIFE?

STEP 1: FIND A REAL ESTATE AGENT