How Much is Your Home Worth?
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Everything you need to know about putting your home on the market, accepting an offer, and closing on your home.
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 agent 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.
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 Real Estate Agent once you choose one so he or she can adjust your selling price accordingly.
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 real estate agent is the best way to determine the right selling price for your home. An agent with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.
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.
I 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. My 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.
Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. I 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.
Once I deem the offer is acceptable, I 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 agent.
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. I 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.
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. I 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 Real Estate Agent 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.
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.
Taylor is an awesome agent. I could not have asked for anyone better! As we were purchasing from a state away, he was our go to and got us everything we needed and more. He is the only agent I would use and would work with him again in a second.
You've done exceptional work and definitely lived up to my expectations as well as what your previous client said about you. I will definitely be recommending you and you'll be the 1st person I reach out to in the future as your service is global.
Taylor tracked the entire transaction, start to finish, and went above and beyond as a Buyers Agent. He was always available to answer questions and resolve issues. I highly recommend Taylor to anyone looking for an excellent Real Estate professional.
The real deal! Taylor Washam is sharp, knowledgeable, diligent, and a closer. We know from a great selling and buying experience in downtown Denver in 2017. As sellers, Taylor received 3 purchase offers above list price within 7 days at a record price per square foot in our condo building. First class marketing, artful showings, skillful negotiation, and an accepte...
Taylor could not have been easier to work with. He was very clear and comprehensive in his communication, easy to reach, took feedback well and asked great clarifying questions. I definitely felt informed and knew what to expect at every step of this process thanks to him, and he patiently worked with us to find the exact house we were looking for. I would highly r...
Taylor sold our home for over-list without ever going to market! Within hours of sending our “coming soon” listing to his contacts, we were under contract. Throughout the selling process, Taylor kept us informed but not overwhelmed with information. He made our cross-country move smooth, and even helped to ship a few items the movers had left behind. His real estat...
Taylor Washam made the selling of our home a very positive experience from our first meeting to the closing. Taylor was available, patient, knowledgeable, and has a great sense of humor, which we found was needed more than once! We always felt that Taylor had our best interest in mind and worked effortlessly to support our decisions as well as interject his experti...
Taylor Washam was the broker I hired to sell my Denver house. He suggested upgrades to the house, was there to answer any questions, and took amazing photos and coordinated the virtual pictures for the listing. The house was priced at the appraised value and was sold at the full asking price. Since I had relocated to the Phoenix area, Taylor coordinated contractors...
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Taylor A. Washam
Principal | Broker Associate
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