The Process of Selling Your Home; Part 3

    As stated in parts 1 & 2 of the Listing Process, I feel that this process is very important for you to know as a seller. Knowledge is power! Knowing this process will help you to be better prepared for what's in store. Part three starts now!
10) Obtain Seller-Required Inspections

• Your sales contract should state who pays for the termite/pest inspection, if you do ask your Realtor for a referral to a certified termite/pet inspector.
• Remember the fees for all inspection reports, even if seller-mandated, they are negotiable.
• If your home was built before 1950, a sewer inspection might call for a new sewer line, but trenchless sewers are less expensive to install.

11) Deliver Seller Disclosures

• All homes in the US are subject to lead-based paint disclosures.
• If you are aware of material facts, disclose them immediately.
• Your title company should provide CC&R's, but if you belong to a homeowner association, additional documentation will be required.

12) Negotiate request for Repair

• Ordinarily, sellers do not need to accept a buyers request for repair; however, buyers can generally then cancel.
• You are entitled to a copy of the home inspection report, if the buyers request repairs.
• If you do not choose to make repairs, a buyer might accept a closing cost credit instead.

13) Sign Title/Escrow Documents

• Bring a valid picture ID, when going to sign documents

14) Close Escrow

• Your property deed, reconveyance and deed of trust will record in the public records.
• Title will notify you and your Realtor when it records
• Depending on buyer's possession rights specified in the contract, you may be required to move out on the day of closing.
  

Remember Knowledge is POWER! As a seller knowing this listing process will help to make you better prepared.

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