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A Step-by-Step First Time Seller's Guide

Putting your home on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced agent and this easy to follow guide, you can smoothly complete the process. Following these steps will help you prepare so you can get organized and sell your home for the best price possible.​​​​​​​

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Step 1: Understand Why You're Selling

What do you want to accomplish with the sale of your home? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to your real estate agent once you choose one so he or she can adjust your selling price accordingly.

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Step 2: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. Working with a real estate agent is the best way to determine the right selling price for your home. An agent with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.

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Step 3: Start Preparations

If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition.

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Step 4: Develop a Marketing Strategy

I will develop a marketing strategy that is perfect for advertising your home. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. My team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 5: Evaluate Offers

Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. I will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 6: Accept an Offer

Once I deem the offer is acceptable, I will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the term, a final contract will be prepared by your agent.

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Step 7: Get Ready to Close

You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. I will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, we will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 8: Close

You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. I will meet with the company closing the transaction to sign the final paperwork and go over any issues that have not yet been taken care of. During this time, you can also make plans with your real estate agent to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for all appliances that will remain in the home.

Congratulations!

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

WHAT OUR CLIENTS SAY

I worked with Diane Phillips she took her time and had great knowledge about the local area. She took her time going over rental properties that best suited my budget and needs.

— Buyer | Seller

WHAT OUR CLIENTS SAY

Marilyn was extremely helpful throughout the entire process. It is a very competitive market so she needed to be on top of things and constantly updated me about new rentals that came available. I would highly recommend her to anyone looking in the area. She is extremely knowledgeable about the area and found me exactly what I was looking for.

— Buyer | Seller

WHAT OUR CLIENTS SAY

Marilyn went above and beyond with both the search process as well as negotiating and securing my new home. I highly recommend using her in your search for a home. She is knowledgeable, courteous, professional, and very dedicated. Searching for a new home is stressful process she makes it so much easier. I cannot say enough great things about her.

— Buyer | Seller

WHAT OUR CLIENTS SAY

Diane was everything I ever wanted as an agent! I had the best first-time buyer experience thanks to her. She is very knowledgeable, responsive, and cares about her clients. I was in the best hands, I would recommend her to anyone! Thank you, Diane, I look forward to keep working with you in the future!

— Buyer

WHAT OUR CLIENTS SAY

Diane is super professional and knows how to sell your home fast. She did an amazing job helping me go through hard process, she helped me transform my house into a beautiful home, which was sold very quickly, it went under contract within two weeks of being on the market. Diane has supported me emotionally through the whole process. She always answered my phone calls and always was ready to answer my qu...

— Seller

WHAT OUR CLIENTS SAY

Diane was very professional from the beginning. She knows the Tampa bay area and always is proposing ideas according to us as a clients. She went above and beyond in every single step of the process something really helpful being our first time doing this process. Always answer our questions and support us to get things done to close. Amazing and trusted agent.

— Diego G.

WHAT OUR CLIENTS SAY

Diane was amazing from our first conversation all the way through closing. She listened to what we wanted, knew all the right questions to ask, and really went to bat for us with every aspect making sure we got the best deal. Diane has a group of quality inspectors, loan officers, and other professionals she will connect you with throughout the process. Buying a house is scary, it’s a big commitment. She...

— Amanda M.

WHAT OUR CLIENTS SAY

Our experience with Diane as our realtor was amazing. She efficiently honed in on our preferences, leading us to find our ideal home faster than expected. Diane's professional yet approachable demeanor made the home-buying process notably stress-free. Her attention to detail and willingness to go the extra mile set her apart. We highly recommend Diane for her expertise and personable approach to anyone i...

— Joseph B.

WHAT OUR CLIENTS SAY

Diane had bigger fish to fry than my little house but she stayed on top of things. I never needed to call her for an update because she beat me to it every time! She was right on top of things, knowledgeable and knows the area and market. She’s a great gal and we’re thrilled with, what she did for us. I’m already sending her referrals.

— Matt & Dinah S.

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Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.