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West Houston and Katy Texas Selling Process
The home selling process typically starts a couple months before a property is made
available for sale. It is necessary to look at a home through the eyes of a prospective
buyer and determine what needs to be cleaned, painted, repaired, and thrown out.
While part of the "getting ready" phase relates to repairs, painting and other home
improvements, this is also a good time to ask why you really want to sell. Outlined
below are the 7 succinct steps if you find yourself asking "How do I sell my home in Katy, Texas or West Houston?"
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Step 1: Seek Professional Guidance
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Selling a home is an important matter and there should be a good reason to sell such as a
job change to a new community or the need for more space. Your reason for selling can
impact the negotiating process so it is important to discuss your needs and wants in
private with us.
We would like to be your local professional real estate team. We will assist you in the sale, marketing, negotiating, and closing of
your home. Let us allow you to discover what remarkable service
represents.
Contact us today for a free listing presentation. We will sell your home in Katy, Texas or West Houston for 5% while still offering the same services of any other agent that wants to list for 6%. On a $250,000 home, you would be saving $2,500 cash!
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Step 2: Set the Price - Fill Out Contracts and Complete Seller's Diclosure
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There are many factors that affect the price of a home: location, condition, amenities, supply and demand, and the local marketplace. We will assist you in creating a clear market analysis of your home, so you will be able to develop a realistic, competitive pricing strategy.
Seller’s Property Condition Disclosure is required by law for single family residences in Texas. The Seller's Disclosure Statement is a form on which the sellers describe, to the best of their knowledge, physical aspects and a history of the property. This includes numerous categories such as land, structural, plumbing, roofing, and electrical condition.
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Step 3: Find the Right Buyer |
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Not just one, but thousands of Sales Associates in the Greater Houston areas (and in North America) are
working to sell your home! Through tremendous exposure, marketing and networking, we will
create the demand for that right buyer to find, fall in love with and purchase your home.
Be assured that any buyer brought to your home will be, at the very least, pre-qualified
to purchase your home.
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Step 4: Showing the Property
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A house that "sparkles" on the surface will sell faster than its shabby neighbor, even
though both are structurally well maintained. We know that a "well-polished" house is more appealing to more buyers and will
sell faster and for a higher price. Additionally, buyers feel more comfortable purchasing
a well cared for home because if what they can see is maintained, what they cannot see
has probably also been maintained.
In readying your house for sale, consider how much
you should spend to enhance the exterior of the home for curb appeal and the interior
for appearance. We will ask that you please take in for review The Home Enhancement Guide which is provided
to all of our clients. This booklet contains priceless tips on readying your home before it is placed on the market.
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Step 5: Presentation and Negotiation of Offers |
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In a typical situation in Texas, the buyers will complete and sign an offer prepared by their Sales Associate sometimes called an “Agreement of Sale” or “Offer to Purchase”. The offer will then be presented to us, your listing agents. We will then review and discuss the offer and talk about what earnest money, option periods, closing costs, and closing dates have been presented with an offer.
At times in an extremely competitive market, a multiple offer situation arises. Typically
multiple offers can be presented to you all at once, and then a blanket counter offer
can be made to all parties. At that time we will review strategy,
price terms, conditions, closing date, inclusions/exclusions and other pertinent issues
of the offers. At this time it would be extremely important to review the pre-approval qualifications of the buyers to ascertain their
affordability of the home.
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Step 6: Acceptance of Offer |
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Once a meeting of the minds has occurred between the buyers and sellers, and both parties have signed, you now have what is called a legal and binding executed contract. Verbally accepted offers are not legally binding in the state of Texas. For the next 30 days or so, the buyer's lender will be preparing their loan approval, the buyers will typically have inspections done, and the option period will be in place. The option period on your home gives the buyer a certain amount of time to inspect the property and ask for repairs to be done.
Once executed, the title policy will also be opened and paid for according to the contract. The title policy, also known as title insurance, makes sure that there are no disputes as to who has rightful ownership of the property and that no liens have been placed against the property. It is typically asked for this to be a Seller's expense in the state of Texas.
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Step 7: Final Walk Through - The Closing |
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In Texas the buyers, with their Buyer's Agent, will perform a "final walk through" of the
home to ascertain that it has been left in broom-clean condition and that items were
not taken or packed up that should have been left behind. We will refer to the contract should any specifics come up.
The closing typically occurs at the title company that was chosen in the contract. The Sales Associates are usually present for both buyer and seller. Bring all keys and garage door openers to the closing. Typical costs due at closing are title insurance, the real estate agents commissions (5% if you list with us), mortgage liens, mortgage satisfaction recording fee, realty transfer tax (rate fixed by sales price of property), adjustments, either a credit or charge for taxes, water, sewer, and home owners associations. This is not a definitive list. Please see your escrow officer for specific details on closing costs. HUD requires that borrowers give lenders a good gaith estimate for you to look at before the closing takes place.
After all of the paper work is signed, you pick up your keys and we will thank you for doing business with the WestHouston.com Mother-Son team.
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Call us today, we provide professional service at a discounted price! |
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The finest compliment we could ever receive is a referral from our friends and past clients.
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