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The decision to sell your home might sound as simple as staging your house, putting it on the market and negotiating a price, but these are general steps. In some cases, it’s a process that can take years to complete. Here is a closer look at what goes into listing your house for sale.

How to Close on Your Home

1. Determine If You Want to Utilize a Real Estate Agent

While it is possible to sell your home on your own, it will take research and a large time commitment on your part. You will need to evaluate the value of your property, market it, handle legal contracts, show your home to prospective buyers and negotiate a sale. Instead of taking on this large task themselves, many people choose to use a real estate agent, who is experienced in all these areas, to list the house for them.

2. Prepare Your House to Be Listed

To determine your property’s listing price, consider contacting an assessor or compare your house with other listings in the area, paying special attention to houses that have similar square footage to yours, or contain the same features. If you are working with a real estate agent, they can also generate a fair market value report to aid your decision.

3. Market Your Homesell your home

Once your listing price is set, you’ll need to advertise that your house is available. Photos are helpful tools in online listings, which should also include a description of your property and its assets, including information about acreage, the heating and cooling systems, and any notable selling points.

4. Accept the Best Offer 

With luck, you’ll have multiple bids from prospective buyers, but rather than focusing solely on the largest offer, take into account each bidder’s financing. A pre-approval letter is more secure than a pre-qualification letter.

Upon accepting an offer, you will also need to have the property inspected and repair any problems the buyer decides are non-negotiable or else start the process over again. 

5. Close on the Deal

After all the other steps have been completed, an attorney will oversee the transfer of ownership. You should receive a check on the closing date when possession of the property is officially transferred.

 

If you want to sell your home without the hassle of doing it For Sale By Owner, the experts at Nova Property Management based in Anchorage, Alaska, can help. For more than 35 years, their team of real estate agents and property managers have helped residents rent, buy, and sell their properties. Call (907) 522-1332 or visit their website to learn more about their services.

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