1. Obtain a Property Appraisal.
This involves having a professional evaluate the property to determine its market value, which is crucial for setting a fair selling price.
2. Complete Necessary Repairs.
Address any known issues with the property to enhance its appeal and value, making it more attractive to potential buyers.
3. Gather Important Documents.
Collect all relevant paperwork such as the deed, recent tax bills, and any warranties, which are needed for legal and transactional purposes.
4. Settle Outstanding Mortgage.
Ensure that any remaining mortgage balance is paid off to clear the title for the new owner.
5. Schedule a Home Inspection.
A professional inspection identifies any hidden issues, giving you the opportunity to address them before the sale.
6. Review and Approve the Closing Statement.
Carefully examine the closing statement for accuracy, including all financial transactions related to the sale.
7. Arrange for Home Insurance Cancellation.
Coordinate with your insurance company to terminate your home insurance policy after the property transfer.
8. Transfer Utilities and Services.
Notify utility and service providers to transfer or discontinue services as of the closing date.
9. Prepare for the Final Walkthrough.
Ensure the house is clean and in the agreed-upon condition for the buyer's final inspection.
10. Confirm Closing Date and Time.
Verify the schedule for the closing meeting to sign the final documents and complete the sale.