So now that you have come to a decision to sell your home, marketing becomes very critical in a slow economic environment. Your Realtor should find compelling ways to showcase your home so it stands out, not to mention this time around there are fewer homes in the market for sale, listing prices are high and mortgage rates are low. Steps to follow are as indicated below :

Step 1 – Choose a listing agent (Realtor) – don’t pick the first one you come across, do some due diligence in choosing one.

Step 2 – Sign a listing contract / Price your home – once satisfied with your Realtor choice. Have your Realtor prepare comparable report of recently sold homes in your neighborhood. Compare and contrast the recently sold homes with your home to establish a listing price. Keep in mind you will have to price it correctly to sell.

Step 3 – Prepare your home for viewings / Open Houses – clean / depersonalize your home for the buyer viewings.

Step 4 – Listing displayed in MLS ( marketing ) – your Realtor works his marketing plan to spread the word on your home for sale.

Step 5 – Receive Purchase Offers – negotiation happens in this stage, with guidance from your Realtor to respond to buyers purchase offer/s or purchase offer accepted as is.

Step 6 – Sign Agreement – once fully executed purchase contract is signed by both seller / buyer. Buyers lender orders appraisal and subsequently mortgage loan is established.

Step 7 – Closing – Deed is registered.

Image – Source: elrealestate.blogspot.com