1b-Seller Process

Many people are overwhelmed after deciding to sell their property, not knowing where to start or how to navigate the process. Fortunately, the Stendall Realty Group is a full-service real estate company prepared to walk you through each step of the process. Through a well-rounded knowledge of the market, hard work, and integrity, we aim to earn your business and your trust. Our business's success is mainly due to the referrals we've earned by proving our trustworthiness. The selling process needn't be a hassle when you allow us to guide you step-by-step. We'll identify your property's ideal marketing strategy and ensure you are paid top dollar. We will serve you with pride.

First Stage: (Beginning of the process)

REALTOR® Consultation:

  • Agent/client interview to define agency and establish work agreement.
  • Agent/client home tour to identify selling points and determine the need for repairs.   
  • Discuss the client’s goals regarding sale of the property.
  • Define a working agency relationship by completing all listing paperwork.

Identify Marketing Strategy for the Property:

  • Using the Sales Comparison Approach to valuation, we’ll use local comparables to determine the fair market value of the property.
  • Estimate total costs for sellers, as well as net profit.
  • Create a customized marketing strategy specific to the seller’s goals and home’s needs.

Market Your Home:

  • Marketing Pictures are taken, Signage goes up to show that the home is for sale, and lockbox is put on site if necessary.
  • To showcase to all agents and prospective homebuyers, your home is listed on the local Multiple Listing Service (MLS).
  • Home is listed on numerous websites to maximize exposure of listing.
  • Marketing materials are distributed, and open houses and private showings are scheduled.
  • Professional Marketing techniques are uniquely utilized to maximize exposure of your home.

Offer Process:

  • Agents collect offers from associates in the industry and their potential home buyers.
  • Agents assist clients in reviewing, analyzing, and choosing the best viable offer for their unique situation.
  • Counteroffers and negotiations between buyers and sellers continue until a contract is accepted and completed.
  • The offer is confirmed and sets forth in writing the requirements of all parties involved in the transaction.

Stage Two: (There is a lot happening during this stage)

Escrow is Opened:

  • Escrow, the neutral party to the contract, is responsible for holding all parties accountable for their contractual commitments according to law.
  • To show intent to purchase, the buyer’s Earnest Money Deposit is put into escrow in good faith.
  • Escrow documents are created, agreed upon by all parties, then signed.
  • To complete the transaction, escrow requests all required documentation from various service providers.

Disclosures are Arranged and contingencies Start:

  • Seller completes all required disclosures to furnish to the buyers for their evaluation and approval.
  • Buyer’s contingencies for inspections, disclosures, loans, and appraisals commence.
  • During the contingency period, Buyer’s findings determine whether new negotiations are necessary or if original negotiations are still acceptable.
  • If all is pleasing, the contingencies are eliminated, if all is not satisfactory, then the particulars are re-negotiated until all parties are satisfied.

Stage Three: (Prepare to proceed)

Closing Commences:

  • After receiving final loan approval from the lender, Buyer signs and returns to escrow to be processed.
  • Under the contractual terms between parties, escrow orders title insurance policy.
  • Escrow will release a final breakdown of costs, known as HUD, to both parties to sign.
  • The buyer’s lender will send money to escrow to complete the purchase of the home.
  • Legal interest of the home is passed to the new owner where escrow has seller notarize the deed.

Record/transfer title and finalize transaction:

  • Documents will be provided to the county recorder’s office after all funds are deposited, and conditions are 100% satisfied.
  • Then escrow will disburse applicable amounts to the parties of the contract.
  • Your home will be sold, and keys will be given to the new homeowners.

Notice: A single transaction can involve over twenty people, each operating in your best interest to sell your property. Your main point of contact is your agent. He/she will assist you in making contact with others required to ensure your sale is successful. When considering real estate agents, sellers, buyers, loan officers and processors, underwriters, home inspectors, termite inspectors, roofers, plumbers, contractors, home warranty reps, escrow officers and escrow technicians are all working together; it is easy to understand why the process takes time. For this reason, it is essential for your success that you choose an experienced agent with whom you are comfortable. A good agent will assist you by coordinating and simplifying the process as much as possible, so you can attain your real estate goals without disrupting your day-to-day life. The knowledgeable Luxury Realty San Diego staff is delighted to assist you and promises to strive toward exceeding all of your hopes and expectations.

Now that you better understand the home selling process and to prove our dedication we are offering a FREE home valuation. A comparative market analysis provided by one of our professionals will give you the rough value of your property. If you desire to proceed beyond that comparative market analysis, one of our skilled REALTORS® will work with you at your home. This will allow us to provide you with a more accurate home valuation, taking into consideration any additions or upgraded features. Contact us today to find out how we can be of assistance to you!

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