Friday, December 06, 2019 / by Jody Lee
What will happen while I sell my home?
You made the decision to sell your home, what is going to happen?
You are past the initial negotiations on the offer you accepted on your home. Now, what is going to happen? The buyer will be getting an inspection. Once they have conducted all of their inspection they may ask for some repairs. Your agent will help you with what repairs you may need to do for lender requirements.
After the inspection period, you as the seller need to get working on that repair list. Your contract will state that the repairs need to be done by a certain day before closing. You will also be packing your house up. Moving day will sneak up on you.
There will be an appraisal to value your home for the lender and the buyer. You may need more repairs should the appraiser call work orders. The most common work orders that I have seen from appraisals is peeling paint, decks that need paint on bare wood, foliage/ dirt touching the siding on the house, or earthquake straps.
You will keep packing up your house preparing to get moved out. The title company will be calling you to schedule your signing. Once this has happened your home will be almost ready to close. Make sure you have ordered
Call the utilities for your home and let them all know when your close date is. Should the date change you can easily call them and update them should there be a delay. The utility companies cannot backdate this request, this step is so important to not forget.
The closing day is coming. Make sure all your possessions, furniture, and boxes are getting moved out. It is best to be out a day or 2 before it closes. The buyer will want to do a walk-thru and check that the work that was agreed upon in the contract is updated.
Leave extra house keys in a kitchen drawer, leave mailbox keys, remotes for the garage, codes for any keypads, and instructions should you have them to reprogram them with new code.
Clean the house, this does not need to be professional cleaned and scrubbed. It does need to be swept and wiped down, please clean your fridge out and wipe down. Remove all of your trash, and belongings you no longer want. Don’t delay the closing by leaving your unwanted items. The buyer can stop the whole process and ask for money to dump your trash or belongings that you left behind. Or worse case they could walk away if you fail to follow the contract.
Now its time to wait on closing day for the buyer's loan to fund and hopefully be sending you a lump sum, next the title company will send someone to the courthouse to record. The house is now the buyers.
If you would like more information please give me a call, I’d love to sit down with you and help you sell your home.
Haven Real Estate group