Have you ever noticed that information and advice for first-time homebuyers is plentiful across the internet?
What happens when you look for that same information and advice for first-time Maryland home sellers?
While buying a house for the first time is somewhat confusing until the process is explained, selling one in Maryland for the first time is even more so. This is a huge investment you’re selling. How much will you make, and when?
Knowledge is power and anyone who wants to sell a home should be informed. You should be aware of every step in the process so that you never have to wonder what happens next.
It starts with listing your house. When you know what happens after you sign the listing agreement, and what is expected of you during this time period, you can relax into the process.
Behind the scenes, your listing agent we will have his or her hands full with a flurry of activity, from getting the house into the Multiple Listing Service database to implementing a tried-and-true marketing plan.
So, for anyone thinking of selling a house, here is what you can expect after you sign the listing agreement.
The pre-showing period
Immediately after signing the listing agreement, your real estate agent will suggest ways to improve the home’s curb appeal and, if needed, give you some tips on how to stage the interior to appeal to the greatest number of potential buyers.
You will also be walked through any recommended repairs that will help the house sell quickly and for more money.
While you get busy making improvements and needed repairs, your real estate professional have his or her own tasks to complete. Here is just a handful of what agents do after you sign the listing agreement:
- Gather all the pertinent information about the HOA, if applicable.
- Collect a key from you for the lockbox.
- Talk to you about your current mortgage – is it assumable? Are you considering owner-financing? What type of loan do you currently have? What is your approximate payoff? Do you have a home equity line of credit?
- Advise you how to guard your valuables and prescriptions as well as what to do with any pets.
- Ask you if there are any restrictions on showing the home (times that you just cannot leave the home).
After leaving your house with the listing agreement, your agent will get to work.
First, the sign company will be contacted and a sign for your yard or window will be ordered. The lockbox will be attached to your house so agents who bring buyers to look at it can access the door key. Arrangements will be made to have high-quality photos taken of both the interior and exterior of your home.
These photos will not only be used in the MLS listing but in all other marketing materials, You will have advanced notice to get your home in tip-top shape. If you desire an open house, the planning will begin.
Then, all the information about your property will be entered into the Multiple Listing database. This information gets picked up by Zillow, Realtor.com, and the thousands of other websites that show homes for sale.
After the photos and information are in the MLS, your home is officially on the market and all other real estate agents in the area will have immediate access to the information and can begin showing your house.
While the House is on the Market
While the home is on the market you may be called on periodically to sign various forms. From contingency releases to other acknowledgements, your agent should ensure you fully understand what you are signing.
While the house is on the market you will need to keep it tidy and keep your valuables locked away. Leaving the home while it’s being shown is a nuisance, but necessary if you are serious about selling.
There’s a lot more to selling a house in Maryland than sticking a sign in the yard with a box of pretty fliers attached to it.
Questions? Need details?
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