The Steps Of The Home Selling Process In Central Florida
Thinking of selling your home in Central, FL? Unsure how to maximize its value in today’s competitive real estate market?
The real estate landscape is constantly evolving. It is more crucial than ever to strategize effectively and make your property stand out. In this article, we’ll unveil the key strategies to help you sell your home in Saint Cloud. We’ll also provide expert insights so you can achieve the best possible return on your investment. Plus, we'll help you figure out the best time to put that "For Sale" sign up in Florida.
Ready to learn? Keep reading to discover the valuable tips that will set you on the path to real estate success.
What Are The Key Steps of The Home Selling Process In Central, Florida?
Selling a home can be both exciting and daunting. This is especially true in a bustling real estate market like Saint Cloud, Florida. It requires a strategic approach and a deep understanding of the local market dynamics.
But don’t worry, our trained and professional team is ready to help you through the entire home-selling process. Let's walk through the eight steps of selling your home.
STEP 1: Prep Your House
Before your home in is listed on the market, prepare it for sale. Declutter and make necessary repairs to get your house ready for buyers. Consider any improvements that could increase your home’s value. Your goal is to make it look like a model home and in show-ready condition. You also need to remove your personal items like family photos. Do a deep cleaning, especially your bathroom area.
However, you don’t have to do this all by yourself. As a professional stager, I will guide you through this process. I will assist you with everything from repair suggestions to getting bids from contractors, painters, and landscapers. Trust that I will help you with all the necessary details to increase the sales price of your home.
STEP 2: Find The Right Realtor
Selling your home is one of the largest financial decisions a seller can make. Choosing the right realtor and company can make the difference. They enable you to have a positive and successful closing.
When finding a real estate agent, look for someone who has good communication skills. Choose a realtor that uses techniques that you are comfortable with. Make sure your choice knows the real estate market area, has experience, and will provide references.
STEP 3: List Your House and Set The Price Right
The listing agreement is a legal contract between you and the real estate broker. This established your relationship. Aside from that, it gives you specific information about your home. This will give you an idea of what items and/or appliances to include or exclude from the sale.
The biggest decision when listing your home is to determine the listing price. Set a realistic price for your Saint Cloud, FL housing market area. Understand the recent housing sales and comparable homes that are currently on the market. The insights you’ll get from research will help you decide what is the right price for your home.
STEP 4: Market Your Property
Once your home is prepped and staged, you need to market it. Hiring a real estate photographer allows you to have quality photos. Remember that high quality photos attract more potential buyers.
When you partner with a real estate agent, he/she will create a marketing plan to showcase your home. This may include professional photos, online listings, open houses, and targeted advertising. Here is our 25 Step Marketing Plan that will help you get the most exposure for your home.
STEP 5: Open Houses
Open houses play a significant role in the home selling process. They provide several benefits for both sellers and potential buyers. When doing an open house, it is best to hold it during the weekend to get more foot traffic. It is typically last for 3 hours.
In Corcoran Connect, we’ll advertise your property's open house on the internet. We provide directional signs to attract cash buyers. This is a great opportunity to show off what your home has to offer to qualified buyers.
STEP 6: Offers
Offers are written documents that consist of the terms and conditions. The written document also includes all the details and information that the prospective buyers need to know. These details are the selling price, closing date, items included, and any other conditions or contingencies that come with the offer.
If the offer is good enough for both the buyer and home seller, they will accept it and sign the document. Nowadays, signing documents can be done virtually. Electronic signatures are acceptable and make it very convenient for today's busy real estate agents and buyers.
However, if you don't like the offer, two other things can happen. 1) You can counter the buyer with a counteroffer or 2) you can decline the offer. Either way, we're here to help you get through home selling process.
STEP 7: Home Inspections and Other Conditions
Home inspections and other conditions are integral parts of the home selling process. These safeguards both the buyers and sellers. Buyers gain insights into the property’s condition. Sellers, on the other hand, have the opportunity to address concerns or negotiate terms. It's essential for both parties to understand and fulfill their obligations within the specified timelines. This ensures a successful and fair transaction.
Here are the common contingencies for home selling:
- Financing Contingency. It allows the buyer to back out if unable to secure a mortgage.
- Appraisal Contingency. It permits negotiation if the home appraisal is lower than the agreed-upon price.
- Title Contingency. It ensures a clear title. The buyer can withdraw if title issues arise.
- Home Sale Contingency. It allows the buyer to withdraw if their current home doesn't sell within a specified timeframe
Once all the conditions are reviewed and waived, the St. Cloud real estate agent and buyer can move to the closing deadline.
STEP 8: Close
The closing of a real estate sale is the final step in the home buying process. This indicates a successful home sale where all parties sign the necessary paperwork to complete the transaction. It is also the phase where homeownership officially changes from the seller to the buyer.
Before, deed and keys are handed to the buyers. Then, they hand over the check to the seller. But nowadays, a lot of Saint Cloud FL real estate services agents and buyers sign remotely. They do not need to be present together at the closing table.