THE PROCESS OF LISTING YOUR HOME
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 of 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.
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 in marketing your property.
Marketing: All your information on the property will be entered into the Multiple Listing Service of Northern Illinois (“MLSNI”), 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
Showing: We make every effort to allow 24-hour notice on all showing requests, however, there are special requests where less notice may be 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.
Offers: When an offer is made, we will discuss the contract with you. A signed and delivered offer becomes a binding contract. We will discuss items in the contract and what you are rejecting, amending and agreeing to. We can make suggestions to you about the offer but we CANNOT offer legal advice. Keep in mind that there may be several counter offers before both parties.
Agree: Once you have agreed, we 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.
Closing: Right before closing, usually 24 hours, the buyer may request a final walk through. The closing is usually at a mutually agreed upon title company. The buyer and their attorney(s), the closer for the title company, and our agent 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.
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 in marketing your property.
Marketing: All your information on the property will be entered into the Multiple Listing Service of Northern Illinois (“MLSNI”), 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
Showing: We make every effort to allow 24-hour notice on all showing requests, however, there are special requests where less notice may be 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.
Offers: When an offer is made, we will discuss the contract with you. A signed and delivered offer becomes a binding contract. We will discuss items in the contract and what you are rejecting, amending and agreeing to. We can make suggestions to you about the offer but we CANNOT offer legal advice. Keep in mind that there may be several counter offers before both parties.
Agree: Once you have agreed, we 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.
Closing: Right before closing, usually 24 hours, the buyer may request a final walk through. The closing is usually at a mutually agreed upon title company. The buyer and their attorney(s), the closer for the title company, and our agent 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.
