So you want to sell your home! You have already got your house for the market, found a realtor, and came up with the right listing price, fixed up the problem areas, marketed your home, made the right deal, prepared for your closing, and now it’s time to close on your home. This “Selling a House Series” is made with years of experience on the best way to get your ducks in a row so you can sell your home at the price you want. Here are some things to remember to finally close the deal!…
Negotiated repairs
Any agreed upon repairs should be completed at least 2 weeks prior to the final walkthrough. This will give you a little cushion, in case something were to go wrong during any of the repairs. Be sure to keep all receipts, and before/after pictures in case the buyer contests any repairs.
Final Walk-through
This is usually completed 24 hours before closing. The buyer and the buyer’s agent will do a final walk through the home. You should not be present during this walkthrough. This is when they will check to see if all agreed upon repairs were made and no new red flags pop up. Some buyers will test every light switch and look under every rug (so make sure you aren’t hiding anything-we know you wouldn’t dare!). Buyers are typically notified immediately if a concern were to pop up. If anything big pops up, this will most likely delay the closing. Although, this doesn’t happen very often. Usually, buyers will take a trade, or ask for money instead. However, once the documents are ready, the terms usually can’t be altered and that is where the trade would come in.
The Closing
Usually the buyers are so excited to get into their new house that this can be pretty painless. The seller signs 8 documents and have to sit through 90 minutes of the buyer signing paperwork. Unless problems arise, the only thing you have left to worry about at this point is reading documents and then waiting. Some things to pay close attention to while reading over the documents: the settlement statement. This will include the money you are making on the sale, plus tax implications. Be sure all the language on the figures is what you have been told and were expecting. If anything doesn’t seem right or look right, pull your agent or attorney aside and point them out.
Next time we’ll walk you through what to expect during the move out!
Selling a House Series Posts
- Selling a House Series #9 - What You Should and Shouldn't Do As You Move Out
- Selling a House Series #8 - What to Expect At Your Home Closing
- Selling a House Series #7 - What a Seller Should Do To Prepare For The Closing
- Selling a House Series #6 - Making the Right Deal
- Selling a House Series #5 - Creating an Ad and Marketing Your House
- Selling a House Series #4 - Fixing Up The Inside and Outside of Your Home
- Selling a House Series #3 - How to List Your Home For the Right Price
- Selling a House Series #2 - How To Find the Right Realtor To Sell Your Home
- Selling a House Series #1 - Getting Your House Ready for Market
Tom Reese has 20+ years experience in helping his clients buy the homes they want at a price they can afford. Tom has helped his clients buy and sell property in every neighborhood in Northern Kentucky and Cincinnati.
About Tom Reese
Helping my clients attain their dreams has been the foundation of my success. With my strong attention to customer service, I have earned my clients continued support and referrals. Put my enthusiasm and dedication to work for you!
Call Tom anytime at (859) 393-1293
Tom may be new to rapping but he’s not new to real estate!