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Real Estate Wiki
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  • Phase 1:
  • Phase 2:
  • Phase 3:

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  1. Steps

Selling Process

Below are the 3 phases of the selling process.

PreviousBuying ProcessNextFor buyers

Last updated 3 years ago

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Phase 1:

  • Establish time frames

  • Agency Services

  • Market conditions

  • Determine Market Price

  • Agency Relationship

  • Coordinate opening of escrow with title company

  • Order preliminary title report

  • Home Services Lending Natural Hazard Disclosure

  • EnviroCheck

  • Applicable Inspections (Home/Pest Pool/ect)

  • TDS Supplemental

  • Seller Checklist

  • Earthquake Hazards report

  • Insurance Disclosure

  • Statewide Advisory

Phase 2:

  • Enter on MLS

  • Send out office email notice

  • Schedule open house

  • Put property on Broker Tour

  • Order virtual tour

  • Order property flyers

  • Initiate internet marketing plan

  • Read and review all reports and disclosures to prepare for review with client

  • Review reports and disclosures with client

  • Review offers with Seller

  • Prepare counter offers

  • Verify Contingency periods

  • Verify loan rates with lender

Phase 3:

  • Submit contract to Escrow officer

  • Report pending sale to MLS

  • Confirm that buyer has received all disclosures

  • Place sale pending sign on property

  • Record contingency dates Coordinate buyer inspections

  • Ensure all disclosure docs are signed properly

  • Ensure buyer has received all pertinent documents/reports \

  • Confirm loan approval conditions and document delivery timelines

  • Review repair requests

  • Negotiate/Confirm repairs

  • Remove contingences

  • Confirm move in date with buyers agent

  • Schedule final walkthrough

  • Change MLS status to DNS

  • Review docs with Seller

  • Confirm sign off date

  • Final walkthrough

  • Key Exchange

  • Sign off

  • Escrow closed

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