You’re ready to sell your home!
Your first step is to have Le Valley Realty, LLC assist you with practical ideas on how to successfully prepare your house for sale.
What should I list my home for?
There are many factors that affect the list price of a home: location, condition, amenities, supply and demand, and local and global market conditions. Your sales associate will assist you by providing a thorough market analysis of your property so you will be able to come up with a realistic, competitive pricing strategy on your home.
What is the Property Disclosure Form?
Sellers of single- and multi-family residential homes are required to provide potential buyers with a completed and signed property disclosure form. The State of Alaska requires this form. Please consult with your Le Valley realty sales associate for complete details.
A Buyer is Ready to Present an Offer
When an offer is presented, your sales associate will advise and help you to obtain the best possible price and terms. Understanding the standard forms and the many transactional issues is key to negotiating the best terms to meet your individual needs. Making sure buyers are pre-qualified is of utmost importance in negotiating a successful sale. Your Realtor will promote your interests and assist in developing a clear and binding transaction.
Typically an offer is initiated by the buyer through their sales associate and includes the following information:
- The amount the buyer is willing to pay
- Mortgage amount, if any
- Closing and occupancy dates
- Contingencies, such as mortgage commitment, building inspections.
- Any personal property specifically included or excluded
- If the offer is not acceptable to you, further negotiations may be necessary to reach terms agreeable to both you and the buyer. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your sales associate during the negotiation process so that proposed changes can be reviewed and responded to quickly.
You have an Acceptable Offer
Once again, because the Contract writing procedure, down payments required, building inspection contingency dates, etc…varies, please consult with your sales associate so that they can inform you of the immediate action steps. Timing is critical at this stage!
Between Contract and Closing
Throughout the transaction, you will need to closely monitor the progress of all contingencies to make certain that all deadlines are met. On the day of closing, the buyer will have a “final walkthrough” to make certain that the house is left in “broom clean” condition and has been thoroughly vacated.
What to Expect at the Closing
The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction. Title to the property is transferred from you to the buyer. The buyer receives the house keys and you receive payment for the house! From the amount credited to you, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and ultimately filed with local recorder’s office.