Selling a home is a process and often frustrating when you are not prepared for what lay ahead. Knowing the process can streamline and make it easier.
1. The process is taking longer than I expected!
You are about to embark upon a journey which has several parts to it. The first is preparing your home for sale which may take a few days to a few months depending on the tasks at hand. This can include everything from making repairs, painting, decluttering and staging. Employing a Realtor at the start of this process can save you time and money as well as increase the return on your investment. A professional Realtor can guide you through the process and help you to spend your time, energy and money on the things that will make the biggest difference to the pool of buyers in your marketplace.
2. You may as well start packing!
Don’t wait until you have an accepted Sales Contract. Cleaning out closets and thinning the cupboards are always a good idea before you sell your home. Think of it as getting a head start on packing. Pack away your precious family photos and albums, Grandma’s handmade quilt and other items of sentimental value. You may want to consider renting a storage unit, short term, to house your precious items until your home sells.
3. There is paperwork with each step of the way.
Initially there is listing paperwork which includes a contract between you and the Real Estate Brokerage, Seller’s Disclosures and MLS paperwork. Once a ready, willing and able buyer has written an acceptable Sales Contract for your property, a process called Escrow is opened. The escrow company is a third party who makes sure the moneys are collected and dispursed appropriately and that all necessary documents are signed and/or notarized. They also work with the title company to ensure that the property is correctly documented and titled going forward. The escrow process will consist of 45- 60 days on average and numerous additional forms to fill and file.
4. Marketing your home.
This the time when your home is being shown to prospective buyers. Open houses may be scheduled, newspaper or other media ads are running, internet displays for your property are up on the world wide web for all to see. This can be exciting as well as tiring. Since you want your home to look it’s best when a potential purchaser looks at your home keeping the home neat, tidy and organized is essential.
5. Planning your movers, final packing and cleaning.
Timing is everything. Working closely with your Realtor on the dates within your contract is crucial.
Derinda Thatcher is a transplant from the Canadian Rockies and has been a licensed real estate agent in Kailua-Kona since 1990. She has won a multitude of awards, including Realtor Associate of the Year for the Kona Board of Realtors ’93, Consistent Top Producer for Clark Realty Corporation for a number of years, and a Lifetime Achievement Award in 2017.