It is a complex transaction that takes time, effort and expertise. It is also important to hire a real estate consultant whom you know will work hard for you & guide you through the entire process in a professional manner.

Again, the advice and consultation is free. So please, call me direct at 716-864-9999 or email me today for any questions that you might have. I’d be happy to help.

Here is a brief summary of the selling process:

• Have a market analysis done for your home.
  1. Value is based on recently sold similar properties in a close proximity to your location. With the proper information supplied to you, you will learn the value of your home and not guess at the value of your home.
• Pricing your home
  1. After understanding the value of your home, you must now price it accordingly. You must also understand the time frame it may take to sell your home. If you have a short time frame, you should price your home more competitively. Proper pricing of your home is critical!
  2. You may also need to coordinate your sale with the possible purchase of another home. Contingency purchases, reverse contingencies, or just non-contingent purchases are some of your possibilities.
• What are your selling (closing) costs?
  1. Expenses include search & survey update, transfer tax, attorney & broker fees, discharge of your mortgage & possible miscellaneous charges (ex. septic testing by the health dept., sump pump certification, etc.).
  2. You may also receive a credit for any unused portion of taxes that you have already paid for.
  3. Together, expenses & credits will help you determine the “net equity” of your home.
• What happens after you have a contract of sale for your home?
  1. Your attorney will need to review & approve the contract of sale.
  2. The purchaser usually does a home inspection within a short period of time after the fully executed contracts.
  3. The purchaser applies for his/her mortgage and waits for the lenders written commitment (this usually takes about 4 weeks).
  4. Sellers typically need to have their search and survey updated by their attorney.
  5. After all of the above is completed, your attorney, the banks attorney and the purchaser’s attorney will schedule the closing. This is approximately a 60 day event.

NOTE: Your realtor can definitely put the above in perspective for you…plus more! It is important to understand all that is involved. IT WILL HELP YOU MAKE GOOD DECISIONS FOR YOURSELF WHEN THE TIME COMES!

al@alryer.com