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Seller's Guide

A Step-by-Step First Time Seller's Guide

Putting your home on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced team of real estate agents and this easy to follow guide, you can smoothly complete the process. Following these steps will help you prepare so you can get organized and sell your home for the best price possible.​​​​​​​

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Step 1: Understand Why You're Selling

What do you want to accomplish with the sale of your home? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to your team of real estate agents once you choose one so they can adjust your selling price accordingly.

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Step 2: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. Working with a team of real estate agents is the best way to determine the right selling price for your home. A team of real estate agents with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.

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Step 3: Start Preparations

If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition.

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Step 4: Develop a Marketing Strategy

We will develop a marketing strategy that is perfect for advertising your home. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. Our team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 5: Evaluate Offers

Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. We will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 6: Accept an Offer

Once we deem the offer is acceptable, we will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the term, a final contract will be prepared by your team of real estate agents.

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Step 7: Get Ready to Close

You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. We will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, we will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 8: Close

You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. We will meet with the company closing the transaction to sign the final paperwork and go over any issues that have not yet been taken care of. During this time, you can also make plans with your team of real estate agents to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for all appliances that will remain in the home.

Congratulations!

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

Testimonials

Sukie H.

Sukie H.

Thomas is by far the best realtor both me and my husband have ever encountered! We have just closed the escrow recently after 2 and half years of searching, and he stuck with us this whole time! This was our first home purchase...
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Buyer

Buyer

Jack has been our agent as a seller twice and buyer once. Everything went smoothly and he is quick to respond to any questions. Very professional and highly recommended.
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Buyer

Buyer

Jack is very knowledgeable in the real estate profession. He provided valuable advise when I was looking for house to purchase, and helped me make the best decision that fit my need. He is very responsive and always get back to...
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Casey S.

Casey S.

Jack Tsai eXp Realty is the most amazing team I had the pleasure to work with. They helped me look for homes nearly few months, before I was ready to purchase. Jack was always extremely helpful and he was always able to find me...
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Shawn H.

Shawn H.

Jack has been awesome in finding homes match your requirement and he is also quick in arranging showings upon request. He never pressure us to buy anything that we don’t like or hesitate. His patience and explaining things are ...
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Buyer

Buyer

Having Thomas Hung as my real estate wingman was like having a superhero by my side. Seriously, he was a total lifesaver in the chaos of trying to snag a VA loan in the middle of the Covid-19 housing madness. Thomas didn't just...
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Joanne S.

Joanne S.

Thomas has been instrumental in our search for our home. It was our first home and we had a long list of things we wanted. Once we found the one we loved, he negotiated not only a lower sales price, but helped us get some credi...
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Erin C.

Erin C.

We had an excellent experience working with Thomas. From our first meeting, he was incredibly knowledgeable about the market and the industry overall. Thomas was personable and took the time to understand our needs and preferen...
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Antai X.

Antai X.

Jack did an exceptional job assisting us in purchasing our new home. His knowledge of LA homes and reliable information on safer, convenient areas was invaluable. Jack responded swiftly to our requests and communicated effectiv...
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Michael T.

Michael T.

Working with Thomas has been an exceptional experience! As our real estate agent, he has assisted us in purchasing two homes, and we couldn't be happier. More than just an agent, Thomas acts as a mentor throughout the entire pr...
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Experience a seamless and stress-free real estate journey with a team that puts your needs first. Whether you're buying or selling, we provide expert guidance, market insight, and a personalized approach to help you achieve your goals. Let’s make your real estate experience smooth and successful together!