Home Seller's Guide



Home Seller's Guide

As a group of experienced real estate specialists, RE/MAX of Bartlesville is committed to marketing your property in the best possible manner, and finding the right buyer at the right sale price.  We are prepared to answer all of your questions and how how effectively we can help market your home.  Contact us today!

 

  Preparing to Sell                                                             Leave the Selling to the Professional

  Giving Your Home the On-the Market Makeover           Keep the Disturbances Down

  Before the Showing Begins                                            Create a Homey Atmosphere

  Establishing the Asking Price                                         Have Records Available

  The Price Pyramid                                                           The Offer

  Estimating Net Proceeds                                                 Presentation

  Marketing Your Property                                                 Qualifications

  The Listing Agreement                                                    Acceptance

  The Marketing Process                                                    Closing the Contract

  Showing Your Home to Buyers

 

Preparing to Sell

Giving Your Home the On-the-Market Makeover

You work with a real estate professional like the realtors at RE/MAX of Bartlesville because we are best able to sell your home quickly and profitably.  But remember:  Your relationship with your real estate professional is a partnership.  While we market your property and screen potential buyers, it is up to you to give your home a simple, inexpensive sprucing up that can go a long way toward a speedy sale.

The actual cash value of your property is the price that someone will pay for it in today's real estate economy.  We will walk through your entire property with you.  As for guidance concerning improvements that could be made prior to showing your home to potential buyers.  With a little preparation, you may very well increase the value of your property!

Before the Showings Begin - Clean Up, Repair, Clear Out

First Impressions are Lasting Impressions

The exterior of your home often determines how buyers will view the interior.  Buyers will register their first impression even while they are still driving up to your property.  Examine the exterior carefully.

With that in mind, here are some helpful hints for preparing your home for showings and buyer's inspections:

Beauty is More than Skin Deep

Buyers often see the surface condition of your home as a sign of what is underneath.  Mentally place yourself in the buyer's shoes as you enter your home.  If you see imperfections or uncleanliness, the buyer will see it too.

With that in mind, here are some helpful hints for preparing your home for showings and buyer's inspections:

Accentuate the Positive - Remove the Clutter

Try to see your home with a fresh perspective and arrange each room to bring out its best attributes, including:

Be Prepared for the Buyer's Inspector

Many buyers will seek the services of a buyer's inspector to look a little deeper at the condition of your home.  Here are some common problems that can be repaired inexpensively:

Put Your Home in the Best Light

Stategically lighting your home, even during daytime showings, can create a cozy mood and highlight positive attributes of each room, so:

Establishing the Asking Price

The Pricing Pyramid

The higher you price your property, the fewer the people who will come to see it.

After reviewing sales prices of comparable homes in your area, you are ready to set a fair asking price for your property.  Remember the money spent upgrading the kitchen and the custom shutters in the den do not necessarily equal a higher asking price than what the market currently entertains.  Buyers can be more sophisticated in comparing properties than sellers because they have no emotional attachments to the properties.  After all, it was not their hard earned dollars that installed the lovely spa in your yard...to a buyer, it is just a spa.

The bottom line is, set a higher price and play the waiting game; or, set a realistic price and prepare to move!

Estimating Net Proceeds

Based upon the asking price, we will prepare a "net sheet" for you.  This worksheet itemizes costs associated with selling your property and subtracts them from the sale price, thus estimating net cash that you will receive from the sale.

Marketing Your Property

The Listing Agreement

 When you have set your price and are ready to sell, we will help you complete a Listing Agreement.  This Agreement authorizes the listing broker to market your property under certain conditions, including but not limited to terms, price, commission, and time period of the listing.  When signed by both parties, this Listing Agreement becomes a Contract between you and the broker.

The Marketing Process

We will now start the wheels in motion to show your home to as many real estate realtors and prospective buyers as possible.

The single most important place to promote the sale of your property is through the multiple Listing Service (MLS).  Information about your property will be entered into the MLS computer data bank for immediate access by other realtors.  Approximately 60% of all buyers actually come from referrals between brokers and realtors.

Next, a "For Sale" sign will be displayed upon your property, and we will create a listing flyer for realtors and buyers.  At least 20% of all buyers come from advertising, signs, and other promotional efforts made by the broker.

Your realtor may ask to hold "open house" at your property in an effort to attract extra attention to your home.

Additionally, your property may be promoted in local classified advertising sections of magazines or newspapers.

Showing Your Home to Buyers

Leave the Selling to the Professional

Buyers often feel uncomfortable in the presence of the homeowner, because they prefer to be able to speak openly when it comes to complimenting features or verbalizing objections.

Keep the Disturbances Down

Potential homebuyers have a lot to take in, so minimize distractions.

Create a Homey Atmosphere

A buyer tries to picture themselves and their family living in your home, so:

Have Records Available

Even if a buyer does not study them, having records available can make it clear you are conscientious and have nothing to hide.

The Offer

Presentation

When a buyer signs an offer to purchase your home, either your realtor or the buyer's realtor will present the offer to you in person or via phone, depending upon custom and your availability.

Qualifications

The written offer to purchase should include detailed information about the buyer's offer.  Together with your realtor, you will review the price, the amount of earnest money deposit, the proposed closing and occupancy date, the contingencies, and the buyer's ability to qualify for a loan.

Acceptance

If possible, your decision should be made following the presentation.  You have three options in responding to the offer:

When you and the buyer have agreed to all terms and conditions of the offer, you have both signed the document, and the buyer has been notified of your acceptance, the document becomes a valid sales Contract.

Closing the Contract

At the closing or settlement, you and the buyer will each have completed the conditions and met the terms pursuant to your contractual agreement, and Title to the property will be conveyed to the buyer.

Your realtor will make sure you are helped through the myriad steps of closing, including handling of the many details.

Following the closing, you will receive a final settlement statement for your records that clearly illustrates all fees paid by you to close the Contract.