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Seller's Guide

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, I 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.

Our Testimonials

Steven S.

Steven S.

We had the opportunity to work with Karen since 2013 to buy 3 houses and sell 2 houses in Cedar Falls. We recently sold a house in Feb 2022 when we were no longer living in Iowa. The house needed a number of repairs and Karen w...
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Sarah C.

Sarah C.

Karen was amazing! She made the process as painless as possible and was very attentive to any questions that I had.
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Melissa E.

Melissa E.

Karen was amazing to work with. She made the purchase of our Cedar Falls home so easy. She went above and beyond in assisting us with things that needed to be done prior to moving day (letting contractors in, us in to the house...
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Abby G.

Abby G.

10/10 Highly recommend Karen for your real estate needs! We have used her in both buying and selling our home and each time she has done an amazing job. She has great communication and answered all of our questions throughout t...
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Lucille W.

Lucille W.

We sold our house to move into senior living. Karen was a God-send! She’s been wonderful and has taken care of every detail. We haven’t had to worry a bit! In addition, we have gained a new friend. She’s gone above and beyond w...
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Josh G.

Josh G.

We have bought and sold with Karen and it is has gone smooth each time. In 2016 she found us what we were looking for. When it came time to sell 6 years later she was very responsive and did an excellent job with the listing to...
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Lixia Z.

Lixia Z.

Karen is such a kind, reliable and professional lady. I bought and sold my house with her help. She just made everything so much easier! Thank you, Karen!
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David S.

David S.

Karen was great to work with had good advice, very knowledgeable about the market. Sale went fast and smooth and she was patent. Could not have asked for a better out come. I will recommend Karen to others.
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Richard G.

Richard G.

Karen made home buying an amazing and easy process for two young kids straight out of college. Highly recommend her to anyone!
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Sheila H.

Sheila H.

Karen is a fantastic real estate agent! She is very knowledgeable in her field and comes with lots of experience. I felt so comfortable with her that I looked at a house, and made an offer while my husband was out of town for w...
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