CHAPTER 3 Common Steps in the Home Sales eps in the Home Sales Process Below are some common steps in a typical sales transaction. Steps will vary depending on the type of transaction and the negotiated purchase contract. Some items will be done by the realtor, some by the home seller and some by both. Who does what should be discussed during the initial consultation with your realtor.
Below is shown who typically does what. (A= Agent S= Seller)
- Consultation with your Realtor (A/S) - Get legal and tax advice if necessary. (S)
- Review possible home prep for sale items (A/S) - Get quotes for any home prep for sale items (A/S) - Order Preliminary Title Report (A) - Order NHD Report (A) - Supply Title Company with any necessary Documents (A/S) - Order Home Inspections (A) - Review Home Inspections & Title Report (A/S)
- Review and Sign Advisories (A/S) - Fill out and sign disclosures (A/S) - Put together a disclosure package for buyers (A) - Do home preparation for sale items. (A/S) - Do any point-of-sale requirements (A/S) - Stage the Home and Property (A/S) - Order Professional Photos / Virtual Tour (A) - Write Verbiage for MLS & Flyers (A) - Order Flyers (A) - Coming soon / Members Only Entry (A)
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