Steps to Selling a Home
The Selling Process
1. Market Update
- Real Estate Agent inspects the property
- Real Estate Agent talks you though the process
- Formal property market appraisal completed
- Method of sale and marketing/advertising strategy discussed
2. Selling
- Presentation advice provided
- Marketing/advertising strategy agreed on
- Agency agreement signed
- Property listing details completed
- Keys and access details collected
- Open Home scheduled
- Contract for Sale prepared (in some states)
3. Promotion
- Photos taken
- Property signage done
- Agent's database advised
- Local marketing
- Internet/window/newspaper and any other marketing/advertising commences
4. Inspections
- Notice for inspection provided where possible
- Details of all attendees recorded
- All comments and feedback provided
5. Negotiating the sale
- Best price and conditions are negotiated
- Signing between parties is formalised
- Real estate agent's check and assist with purchaser's finance, sale of property, building inspections and other conditions where necessary
6. Contract of Sale
- Once terms are agreed a security deposit is taken from the buyer
- Copies of the contract are given to both parties' solicitors/conveyancers
- All parties are kept informed
7. SOLD!
- Sold sticker placed on sign board
- All parties confirm the sale is finalised
- Transfer of keys and settlement day is arranged
- New owners move in
DISCLAIMER - The information provided is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided. LJ Hooker will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.
