1. CHOOSE A REAL ESTATE AGENT
a) Choosing the right agent to represent your needs
b) Ask for a comprehensive market analysis (CMA) on your home
c) Estimating your net proceeds
2. HOW TO SELL YOUR HOUSE
a) Sign a listing agreement with your agent, confirming the commission rate and other terms.
b) Preparing your home to be ready for the sale
3. MARKET YOUR HOUSE
a) Usually there are many viable and affordable ways to market your property, such as through mail, internet, advertisements, flyers, open houses, etc.
4. CONSIDER BUYER’S OFFER
a) Comparing different terms of offers. Choose the most matching prospect.
b) Seller has the option to accept, counter, or refuse buyer’s offer
5. OFFER ACCEPTED
a) Once the seller accepts the buyer’s offer, Escrow should be open. The selected Escrow company begins with the transaction process.
6. PREPARE REQUIRED DOCUMENTS
a) Seller provides the (Seller’s Disclosures) and orders the (natural hazard disclosure statement and disclosure report), or other reports as required by the terms of purchase and sell agreement.
7. REPLY BUYER’S REQUEST OF REPAIRS
a) After the home inspection, the buyer usually requests seller repairs or corrects some faults. According to inspection report, some must be done by law, others can be decided upon by a mutual agreement between the seller and buy.
8. TERMITE INSPECTION AND CLEARANCE REPORT
a) According to CA law, all properties must get a termite inspection and necessary corrections done
9. SELECT A HOME WARRANTY PLAN
a) The seller usually buys a one year warranty for the buyer to protect the buyer from expenses required for repairing anything related to the property.
10. SIGN GRANT DEED
a) The seller should sign a grant deed to the buyer
11. CLOSE ESCROW AND GET MONEY
a) Fulfill all required terms then close Escrow, the seller receives net proceeds
12. MOVE OUT AND TURN OVER THE KEYS