LINDA AVERETT What to Expect When Selling Your Home
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What to Expect When Selling Your Home

You should select a professional real estate agent to represent your needs. Once you establish a working relationship with your agent, your home is put on the market and marketed to potential buyers. Once a buyer makes an offer on your home you have three options: accept the offer, counter the offer, or reject the offer.

After you accept an offer you can expect to do the following:

  • Escrow is opened and buyer deposits "earnest money" into escrow.
  • Seller submits documents and information to escrow holder, such as:
    - addresses of lien holders
    - tax receipts
    - equipment warranties
    - home warranty contracts (if any)
    - any leases and/or rental agreements.
  • Seller approves and signs the escrow instructions, grant deed and other related documents required to complete the transaction.
  • Seller orders inspections, receives clearances and approves final reports and/or repairs to the property as required by the terms of the purchase and sale agreement (responsibility for inspection procedures may vary).
  • Buyer and Seller fulfill any remaining conditions specified in the contract and/or escrow instructions; approves the pay off demands and/or beneficiary's statements.
  • Buyer and Seller approve any final changes by signing amendments to the escrow instructions or contract.
  • Buyer and Seller fulfill any remaining conditions specified in the contract and/or escrow instructions; approves the pay off demands and/or beneficiary's statements.

Specific Tasks You Don't Want to Overlook

  • If you are traveling a great distance, have your car serviced 2 weeks in advance.
  • Make hotel reservations if you are traveling long distance or are unable to move in to your residence right away.
  • On moving day carry hard-to-replace items with you, such as jewelry, family photos, etc.
  • Make sure to back-up your computer files before you disconnect and pack it away.

Note: The above is general information only. Your situation may differ. Please consult your real estate professional for details about your specific situation.