Selling 101: Preparing For Closing
Phase 1: Thinking About Selling
Deciding To Sell
Do I Need an Agent?
Cost of Selling
When is the best time to Sell
What do I need to disclose
Buy First or Sell First
Deciding To Sell
Do I Need an Agent?
Cost of Selling
When is the best time to Sell
What do I need to disclose
Buy First or Sell First
Phase 2: Preparing Your Home
Initial Impressions Count
Basic Repairs and Maintenance
Mini Remodel Projects
Staging and Decorating
Pricing Your Home
Utility Bills
Pre-Sale Inspections
Phase 3: Marketing Your Home
Letter To Buyer
Marketing
Professional Photography
What To Expect While On Market
Factors For Buyers
Showings / Previews
Phase 4: The Purchase Agreement
Purchase Agreement
What are Sellers Concesssions
What are Contingencies
Buyer’s Inspection
Phase 5: The Closing
Closing Costs Explained
Title Work
Appraisals/Underwriting
Utility Billing
►Preparing For Closing◄
The Closing
There are a few steps that you should do to prepare for closing.
- Call utilities and schedule the ownership change for water/sewer, garbage, electricity, natural gas, cable, phone
- You should know the location of the closing. This will almost always take place at the Title Company that the buyer chose.
- Review the Closing Disclosure (CD). The CD statement is the “final bill of sale” accounting sheet that pulls together all the financials of the transaction into a 2 or 3 page summary. Make sure the bottom line $ is correct.
- Make sure to cancel your homeowners insurance.
Things to bring to closing:
- Cashiers check (or wire transfer the funds a few days before closing) for any fees that you need to cover, usually none.
- Photo ID
- Know your SSN if you do not have your SSN card
Here is a list of closing costs and their explanation: