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Why do I need an inspection when buying a home?
What is a short sale in real estate?
When I sell my home, how do I caluculate my net profit?
What is a Leaseback period in a real estate transaction?
What is an Escrow period and why is it required?
What's my strategy in reviewing buyers' offers?
Should I accept a backup offer when selling my home?
What are Disclosures in a real estate transaction?
What's a CMA in a real estate sale?
How should sellers prepare to sell a home?
What inspections will buyers schedule when purchasing my home?
What are contingencies in a real estate transaction?
How should sellers prepare to sell a home?
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Thatís a great question. Most sellers, like YOU, only consider the physical aspects of staging it and then determining a price. There are many other things to consider for YOU, the seller. First, complete the Net Proceeds sheet and understand how much youíll receive after all of the expenses are deducted.

Afterwards, sit down with your listing agent and outline what YOU are looking for in an offer. Itís not only the highest price.

Do you want only a cash offer or will you consider a buyer with a loan? Will you consider an FHA loan? Do you need a leaseback until you move into your next home? Or, do you prefer a shortened escrow because youíre ready to move? How long should the inspection contingency be? How important is the quality of the buyers to you. Some sellers feel responsible to their neighbors and refuse to sell to landlords, seeking to rent it or investors waiting to flip it. They want to sell it to buyers who will fit in with the neighborhood.

Are there any worries about the house or disclosures that should be noted to avoid escrows from falling out? Itís a good idea to have an inspection before selling to make sure there are no issues with the foundation, mold, roof, electricity, etc. If sellers have been good about keeping up the house, this is probably not an issue. Another inspection that may be done before it goes on the market is a sewer inspection. This is to make sure that the pipes, leading to the city pipe are clear of growth from plants and roots that the pipes arenít damaged. Damage to pipes can stop an escrow faster than traffic stopping to avoid a dog crossing a highway.

So,if YOU, the seller, know what you want from potential offers, the offer selection and escrow process will run much smoother.
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