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The Listing Process

Here is a basic outline of what happens when you list your home for sale:

  1. Have a pre-listing meeting with us.  You can schedule this by calling Ryan at 615-394-4767.
  2. Sign the Listing Agreement.  There are several documents needed, including the Tennessee Residential Property Condition Disclosure.  We will assist you with these forms, but you are required to fill out the Property Condition Disclosure yourself (we can answer any questions you may have or help clarify for you).
  3. Prepare the home for going "live."  Cleaning, touching up paint, decluttering, etc.  We will help with suggestions we think will increase your home's sales price.
  4. Our professional photographer will come over and take pictures of the inside and outside.  He/she will showcase it in the best way possible while still remaining honest.  We do not photo-manipulate our listing pictures.
  5. Your home goes live on the MLS!  Your listing is also syndicated out to hundreds of websites, including Zillow, Trulia, Realtor.com, etc. 
  6. Showings begin.  Please review our "How to Have a Successful Home Showing" page.
  7. We will hold a first weekend open house (if the home even lasts that long).
  8. We will receive offers on your behalf and present them ALL to you.
  9. Together, we will decide which offer(s) are the best ones.  The highest offer price is not always the best net offer.  We'll help you decipher them.
  10. You can choose to accept an offer, reject them, or counteroffer.
  11. Once a final offer agreement is reached, you have a binding contract...congratulations, you sold your home!
  12. The Inspection Period.  For the next 10-14 days (on average), the buyer has the right to conduct any and all inspections that were allowed for in the Purchase and Sale Agreement.  This could include a home inspection, a termite inspection, an HVAC inspection, a radon test, a survey, a water quality test...you name it.  These inspections are typically done at the buyer's expense. 

    Please be aware that during the inspection period, you are required to:
           - Make the home accessible at reasonable times and with reasonable notice
           - Have all the utilities turned on (e.g., you can't cancel your electric service)
           - Ensure that the attic and crawlspace are unlocked and accessible.

    Almost every purchase contract includes a general home inspection.  The buyer is required to furnish you a written request of any repairs they want done.  If no request is made, or if they miss their inspection deadline, the contract proceeds and they can no longer back out for repairs.
  13. The Repair Period.  Once we have received the written repair request, you have a few days to review it and respond (exact timeline is established in the contract).  You can agree to all the requests, just some of them, or none of them.  If you and the buyer cannot come to agreement, the buyer may opt to back out of the contract.  This is why we sometimes recommend you conduct your own home inspection before listing the home.
  14. During the final phase, there isn't much for you to do except pack!  The buyer will be finalizing their financing and the title work will be done.
  15. Closing.  On closing day, you will need to allow about 30 minutes to sign the paperwork.  Closing can be done simultaneously with the buyers or separately.  You will need to bring your keys and any garage door remotes. You won't receive your check until the buyer's funds clear.  We try to make sure this happens on the day of closing but be prepared that you may have to wait a day or two if there are unforeseeable delays with the banks.

AND THAT'S IT.  CONGRATULATIONS!  YOU JUST SOLD YOUR HOME!

READY TO GET STARTED?
Call Ryan at 
615-394-4767
We look forward to meeting you and helping you achieve your real estate goals!

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Ryan Drummond
The Drummond Team
Red Realty, LLC
1574 Medical Center PKWY STE 202
Murfreesboro, TN 37129
615-896-2733 Office
615-394-4767 Cell 
 

 

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