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Home Selling Process - What To Expect?

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If you have been planning to sell your house I am sure you must have come across plenty of articles based on home selling tips and guides. There is a plethora of advice available on the net and otherwise, so much so that by now you must be quite confused as to where exactly you must start. Infact even the big picture gets so blurred that most of you start wondering as to exactly how the process will progress and how you are supposed to cope with it.

The actual process may differ depending on the area; there are a few general steps that will work well for everyone.

You need to start with some basic preliminary planning. This may not sound like much but this is the first stepping stone that will lead through to the rest of the process. You need to be mentally prepared to hand over your home to another person; similarly you will need to make sure that your home is prepared to be handed over to a new owner. If you want to sell your home because you want to move into a new one, then I hope you know that you don’t have to wait to buy a new home, unless the older one is sold. You can very well buy another house before your current residence is sold.

When you are completely prepared to sell your home, the time has come to appoint a good realtor who will be with you through out this process. You can look around your neighborhood for a good agent or you could look for more experienced agents who have been quite successful in their field. You can meet a few of them before you decide to appoint one of them as your agent. You will need to ask about their marketing strategies and also about the various commissions that are on offer. Make sure that you are really comfortable with this person, as you will have to go through a lot together before the deal cracks through.

You now need to finalize the listing arrangements. There is a lot to choose from, but it is the best to choose a combination where your part is limited to the amount of work you would like to do during the process. Also you may have to think about what each kind of listing will cost you.

Whatever you decide on, remember that the cost of listing is integral to the cost of selling the house and should thus be incorporated in the asking price of the house. Be extra cautious when you decide the price of your house so that you can fix an ideal price. Anything too less or too much, soils the reputation of the deal in the eyes of the buyers. Use a rough analysis to get the value of your home, do not forget to add the expenses incurred during the process.

If the price set is good then before long you will have potential buyers contacting you or your agent for house showings. Incase you are going through an agent, make yourself scarce when the potential buyer comes for a house showing. Incase you are selling the house on your own, then go through the sundry advantages of your home and do not forget to point them out. Think carefully about what you are going to say.

If every thing goes well, you can expect the buyer to make an offer. You may involve an estate attorney here so that everything is smoothened out. Be very sure about what ,the buyer thinks, comes with the house and what is not part of the deal. You may or may not accept the offer or you may like to make a few changes to it.

If the whole thing is acceptable to both the parties, then viola the deal falls through and you are now very much at the end of the process of selling your home.
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