Home Selling Made Easy

There are several reasons why you may consider selling your home:

Maybe your family is getting bigger and you all need more space and you would prefer a much bigger house; or maybe life events take place like a marriage, or divorce; or maybe your children start their own lives and move out and now you need to downgrade and look for a smaller place. Regardless of the reasons, you will only have one goal: to get your home sold. When you sell your home, you will have to follow the process to make sure that you adhere with the legal process. Here's the simple summary of the process of selling your home:

1. Find a Good Seller Agent - A Seller Agent is already expected to be knowledgeable and expert in the Selling Process and Marketing strategy. A good agent understands the Owner/Seller's needs and wants in getting his home sold.

2. Choose and Sign a Selling Agreement - There are three (3) types of Listing Agreement; Open, Exclusive Agency and Exclusive right to sell.

• Open listing is a non-exclusive agreement. It allows the owner to sell the home by himself. If the owner finds a buyer by himself, he will not pay for a commission to anybody.
• Exclusive Agency Listing is the same with the Open Listing. The only difference is that the broker represents the owner but the owner still has the right to sell his home by himself and not pay for a commission.
• Exclusive Right to Sell is the most commonly used. The agreement reserves the right to the broker to represent the owner and finding a buyer.

3. Home Inspection - It is important to check the condition of the property to let the buyer know of the things that he must be aware of before purchasing the home. The Owner and the Buyer will set their responsibilities for the ownership of the repair in the purchase agreement.

4. Marketing your Home and Receiving Offer/s - This is most exciting part as the Seller Agent will utilize his knowledge and expertise to market the property,  qualify a potential buyer and  make a counter offer.

5. Selecting the best Offer - Once a potential buyer is qualified, per-approved and if the agreement is reached by both parties, the offer will be accepted.

6. Escrow and Closing - Once the offer is accepted, the Selling process will enter the Escrow phase. Escrow is a third party company that manages the financial and the transfer of titles.

The closing is when the Owner and the Buyer sign the final documents and the check is issued to the Seller.

Related Links:
What is a Seller's Agent What is a Buyer's Agent Mortgage Calculator Avoid Foreclosure

Queens Realty, Inc.
86-30 108th Street Richmond Hill, NY 11418
Phone: 718.839.4631 Fax: 718.849.6041
Email: queensrealtyinc@gmail.com
Website: www.queensrealtyinc.com