SELLER RESOURCES
I AM REAL ESTATE
1.) Listing your property
After choosing your IAM agent, you will determine a list price, prepare your home and place it up for sale on the open market.
Your agent can create a comparative market analysis using locally sold homes with similar features like bedrooms, bathrooms, square footage, acreage and more!
Listing your home means preparing for it to be shown at its best. Prior to listing you should do your best to clean up and make minor repairs around your home giving it the best possible look and value.
2.) Managing Showings
IAM agents will find the most efficient way to help manage your showings from day one of being on the market. Using open houses, group showings, and one on ones we will find space in your schedule to allow as many people to view the property for the best possible results.
A showing is a scheduled event for 1 or more parties to come and view your home for sale.
Managing showings is the responsibility of both the seller and listing agent. Working together we will find times and dates that will work best for you to allow people to come visit the home.
Showings may happen as frequently as you can handle. Some people may choose to have showings only on the weekends or every other day. It is our job as agents to support you in allowing as many showings as possible, as soon as possible.
3.) Review Offer
Your IAM agent will help you review all offers from prospective buyers and help negotiate the best possible deal for you.
An offer is a collection of documents that are put together by the buyer and buyers agent to both off to buy your home and proof they may be able to afford it.
Best case scenario, you have multiple offers on your home and you have the opportunity to call for highest and best from all potential buyers or you can send out a counter offer to one of your potential buyers.
4.) Execute Contract
Your IAM agent, or their office will create your sales contract to represent and fit your needs. These contracts will be negotiated and revised between you, your agent, the buyer, buyers agent and attorneys on both sides.
While your IAM agent can advise and guide you in the process and sale of your home, we will never give you legal advice. It is always recommended to consult an attorney.
No, all deposits are held by your listing agents, broker agents, broker or attorney in some cases.
5.) Inspection Period
Most buyers will request the opportunity for a home inspection to review the condition of the home. Your IAM agent may help make recommendations to your advantage.
As the seller, you want to do everything you can to be sure your home is mechanically sound heading into the inspection. Faucets, outlets, heating systems, walkways and railings are a few of the many things you can stay on top of to smooth over an inspection report.
Usually, a licensed inspector will review things such as electrical panels, working faucets, railings, stairways, windows, roof, foundation, structure, peeling paint, and other items that can be viewed without affecting the structure of the home.
Post inspection is often done following inspection. This will give the buyer and seller the opportunity to negotiate what repairs may be done prior to closing.
6.) Prepare for Appraisal
Your IAM agent will help you prepare for appraisal by finding an efficient way to upkeep and modernize your home to maximize its value.
An appraisal report gives the buyers, mortgage lender an estimated value of your home. The bank will not lend money to the buyer if your property is appraised below the contracted value, if not renegotiated.
In some cases, the appraiser may feel the house is worth less that a buyer intends to pay. In this case your IAM agent may help you negotiate and find the best way to reach the closing table satisfied.
7.) Close
Closing! Your IAM agent will help you complete the final task as a seller and get you excited about your next move!
Take care of repairs required by the contract, hire a mover, pack your personal belongings, change your address, and prepare for the buyers’ final walk-through.
The morning of closing! After closing the attorney’s may need an hour or two to record the sale, but it is best practice to be moved out the morning of closing to prevent any need for extensions.
After closing the closing attorney will mail you a check with your total proceeds earned on the sale. Proceeds may be wire transferred if requested and agreed on ahead of time.
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