Contact us
Sell your property with confidence! Here’s a low down of what to expect.
Pre-Listing Consult. Whether you are hoping to sell right away or looking ahead to the future, it is never a bad time to reach out to a real estate agent. We can discuss current home value, market expectations, any repairs/updates you may want to address, staging, and any other questions you have.
Market your house. Listing your house with a Realtor is an essential component to successfully selling. Click here to view the benefits of utilizing a Realtor or here to view facts to consider before selling on your own. Nothing compares to the exposure created when your home is listed in the local MLS (Multiple Listing Service) and subsequently spread throughout various online platforms.
Accommodate Showings. A lockbox is the typical tool licensed agents use to show your home. If you still reside in your home, decide on the adequate amount of notice (usually an hour or two) you would need to allow buyers to view your home. This can be an inconvenient but necessary part of the process.
Receive offers. Depending on the tides of the market, it may take some time to receive an offer or you may have several within the first few days. Your Realtor can help set realistic expectations based on current trends. You can view a sample AAR (Arizona Association of Realtors) contract here.
Negotiation. Once an offer has been received, you will have a specific amount of time to respond, typically within a day or two. You can respond in one of three ways: Acceptance, Counter Offer, or Rejection. Your Realtor will be an advocate, protecting your interest and lending their expertise during this stage.
Accepted Offer. Congratulations! Escrow will be opened at this time through a third party Title Company. This is done when the buyer deposits their Earnest Money or good faith funds. This process can last 30 - 45 days for financed transactions or much shorter for cash transactions.
Contingencies. The following events allow a buyer to gain greater insight into the details of your home. Certain outcomes may elicit their decision to cancel the contract and receive a refund of their earnest money.
Inspections. Your realtor will communicate when inspections are being scheduled. Typically, you would not be present during these times. Common inspections ordered by buyers include: General Home, Termite/Pest, Rood, Sewer, HVAC, Pool/Spa. If the inspections reveal defects, they will have an opportunity to request repairs, ask a discount of the selling price, or other various contract modifications. You will have the choice to fulfill requests or refuse.
Title review. The title company will provide both you and the buyer with more information regarding the property such as recorded liens, easements, and other pertinent details that would need to be resolved prior to the sale.
Appraisal. If the buyer is using a financed loan, the lender typically requires an appraisal. Occasionally buyers may negotiate to have the cost of the appraisal carried by the seller. In some circumstances, the appraised value is less than the purchase price. The loan would not be approved at which point the buyer could cancel the contract, bring additional funds to make up the difference, or renegotiate terms of the contract.
Loan Approval. In the event the lender discovers a reason the buyer is no longer eligible for the loan, they would be permitted to cancel the contract and receive an earnest money refund.
Make Necessary Repairs. If during the inspection period you agreed to make specific repairs, you will be required to complete them no later than three days before closing.
Empty House. The buyer will review the property to ensure it is in the same condition as it was during contract acceptance, confirm repairs agreed upon have been completed, and the property is cleared of all personal items which will not be conveyed with the house.
Closing. You’re there! A time will be set for you to sign closing documents at the title company. Your Realtor will let you know when everything has been recorded and make plans to hand over keys to the buyer. Time to celebrate!
