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The
Process of Listing and Selling Your Home
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Preparation:
First impressions do count! This includes curb
appeal, cleanliness and organization. Two things to remember, “less is more” and “keep it simple”. Another prelisted improvement
is to get a professional home inspection, so you are aware pf any problems that
might show up during the buyer’s inspection. It is also advised to consult your
attorney and an accountant before listing your property. Their consultations can
provide guidance and expertise to help make the best decision for your financial
future.
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Listing:
Determine
the best and fairest price for your property. Fill out and sign the listing
agreement. The listing agreement includes the property, list price,
commission, time period of agreement, etc. Fill out and sign the disclosure
(Property, Lead Paint and Gas/Heat). Supply documents (which you might have on
file) which include: surveys, mortgage documents, condominium
declarations/by-laws, special assessments, pet ownership restrictions,
financial reserve of association, limited common elements, etc. In addition,
write down your favorite aspects of your property and why your are selling.
This information could be valuable information. |
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Marketing:
All
your information on the property will be entered into the “MLSNI” Multiple
Listing Service of Northern Illinois, making it available to over 27,000
agents, 24 hour a day. All Ryan Realty & Associates, Inc. agents will preview
your property for their clients. Other marketing we will do will include
erecting for sale signs (with your permission), open houses, custom brochures,
newspaper advertising, direct mail, advertising and listing on our website, www.ryanrealtychicago.com |
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Showing:
We make
every effort to allow 24-hour notice on all showing request, however, there
are special request where less notice is required. We accompany all
prospective purchaser and agents through the property. During the tour of the
property, we highlight all significant features. After all showings, we
will give the seller feedback about the reactions and comments from the
prospective buyers. |
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Offers:
When an
offer is made, we will discuss the contract with you. A signed and delivered
offer becomes a binding contract with you. We will discuss items in the
contract, what you are rejecting, amending and agreeing to. We can make
suggestions to you about the offer but I CANNOT offer legal advice. Keep in
mind that there may be several counter offers before both parties. Agree. Once
you have agreed, I will then deliver your response; collect earnest money and
follow-up on the fulfillment of all contingencies. The contingencies usually
consist of home inspections, financing and attorney approval. You should then
meet with your attorney to discuss the necessary paperwork needed for closing. |
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Closing:
Right
before closing, usually 24 hours, and the buyer may request a final walk
through. The closing is usually at a mutually agreed title company. The
buyer and their attorney’s, the closer for the title company and we will
attend closing. You will sign the deed as well as a few other documents and
then, when everything is completed, you will receive a check, minus deductions
for broker’s commission, title expense, tax/revenue stamps, pro-rated real
estate taxes, survey costs and attorney’s fees, if any.
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RYAN REALTY
