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Use
this handy reference to track your progress. Remember,
the most important step you can take is to educate yourself
about how to sell. By investing time and preparing well,
you will reap the benefits. |
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Your Quick Guide Checklist
for a Successful Sale
Step 1.
Prepare Your Home
Interior
- Remove clutter.
- Clean carpet
and closets.
- Thoroughly
clean your home.
- Store valuable
items.
- Donate or
store unneeded items.
- Paint interior,
if necessary.
- Fix leaks.
- Make repairs.
Exterior
- Create curb
appeal by improving the appearance of your homes exterior
and its surroundings.
- Make repairs.
- Paint exterior.
- Beautify
your front entryway.
Step 2.
Prepare to Sell
- Hire an
attorney.
- Comply with
local truth-in-housing inspection requirements and seller
disclosures. (See our Web site [www.HomeAvenue.com] for phone
numbers.)
- Find a mortgage
company that you could recommend to a buyer who hasnt
been preapproved. (Call HomeAvenue for a referral.)
Step 3. Price Your Home
- Price your
house fairly.
- Determine
your homes value through market analysis or appraisal.
- Research
newspapers and the Internet for comparative information.
- Visit open
houses in your area.
- Decide what
price youre willing to accept before you show your house.
Step 4. Market Your Home
- Rent and
install professional yard signs from HomeAvenue.
- Place "Home
for Sale" directional signs (check for city sign ordinances).
- Get the
word out: Tell everyone you know youre selling your home.
- Create a
marketing plan to promote your house.
- Advertise
on the Internet with www.HomeAvenue.com.
- Distribute
color brochures to potential buyers.
- Place large
descriptive line/picture ads in the Star Tribune and Pioneer Press
newspapers. Call HomeAvenue at (952) 929-7355
to place your ad at a discount.
- Analyze
your market.
- Advertise
in an open house directory.
- List your
home on your local Multiple Listing Service (MLS), if youre
willing to pay a commission to the selling agent.
Step 5. Show Your Home
- Hold open
houses and private showings.
- Provide
fact sheets to potential buyers.
- Keep a guest
registry form (see forms) for names and addresses of prospects
and notes about them.
- Prequalify
buyers.
- Put an informative
message on your answering machine or voicemail.
- Instruct
family members on how to respond to phone calls from prospective
buyers.
- Secure valuables
before showings.
- Follow up
with potential buyers.
Step 6. Accept an Offer
- Contact
your attorney.
- Review the
offer.
- Use a worksheet.
(See Forms.)
- Draft a
purchase agreement.
- Accept offer
or negotiate with a counter offer.
- Set up an
earnest-money account.
- Make sure
buyer is preapproved for a loan.
- Encourage
buyer to hire an inspector.
- Submit seller
disclosure and have buyer sign acceptance form.
- Be fair
to original party when considering multiple offers.
Step 7. Close the Deal
- Make sure
escrow money is in an account.
- Resolve
any problems involving the title to your property.
- Make sure
inspections are completed.
- Make sure
buyer is approved for financing before you complete inspection
repairs.
- Hold final
walk-through.
- Sign on
the dotted line.
- Sweep up
and celebrate!
Remember
Call HomeAvenue to inform us of your sale, schedule
the removal or return of your signs, and update your MLS listing
(if applicable).
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