A Step-by-Step First Time Seller's Guide

Putting your home on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced agent  and this easy to follow  guide, you can smoothly complete the process. Following these steps  will help you prepare so you can get organized and sell your home for  the best price possible.​​​​​​​

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Step 1: Understand Why You're Selling

What do you want to accomplish with the sale of your home? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to your Realtor® once you choose one so he or she can adjust your selling price accordingly.

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Step 2: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. Working with a real estate agent is the best way to determine the right selling price for your home. An agent with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.

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Step 3: Start Preparations

If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition.

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Step 4: Develop a Marketing Strategy

I will develop a marketing strategy that is perfect for advertising your home. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. My team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 5: Evaluate Offers

Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. We will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 6: Accept an Offer

Once we deem the offer is acceptable, we will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the term, a final contract will be prepared by your agent.

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Step 7: Get Ready to Close

You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. I will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, we will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 8: Close

You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. We will meet with the company closing the transaction to sign the final paperwork and go over any issues that have not yet been taken care of. During this time, you can also make plans with your Realtor® to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for all appliances that will remain in the home.

Congratulations!

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

Buyer
Our Client Testimonial
My husband and I had the pleasure of working with Michael when we were looking for our first home in DC. As newbies to the home search process, we had a lot to learn and we were anxious about buying. Michael was patient with us and knowledgeable about the neighborhoods in DC that would be a good fit for us (and our budget). We appreciated the fact that he was always available when we called him for advic...

— Buyer

Allison
Our Client Testimonial
We recently closed on our new home with Michael Seay Homes and we couldn't have done it without them. Mike and Michael Sr. were a fantastic team that ensured our needs were met from day one to closing. They were very resourceful and patient throughout the entire process. We always felt comfortable and confident in our offers and knew that we were in good hands. Mike and Michael Sr. are extremely knowledg...

— Allison

Emily
Our Client Testimonial
I am an agent in Salt Lake City, UT and I just referred a client to Mike Seay. She had a very difficult time with the last agent she had to try and sell her home and she couldn't be more thrilled with her experience working with Mike. He was so patient listening to her and helping guide her through the process. I 100% trust he will help her get her home sold so she can move forward with her life in Utah....

— Emily

Samuel S.
Our Client Testimonial
Michael is a consummate professional. He has deep knowledge of the market in this area and cares about helping people find the right home. Ours is a real gem. We showed up the first day it was listed, fell in love with the house, and made an offer right away. We were first-time homebuyers. Mike explained everything clearly and gave us great advice. He and worked hard to get our first offer accepted. The ...

— Samuel S.

Douglass
Our Client Testimonial
Selling one's home, particularly one you have lived in for 19 years, is without a doubt one of life's most emotional experiences. Your agent is a key person who should bring experience and knowledge about the market most of us do not have. That agent must also be able to understand and care for your emotions during the process. We give Mike Seay high marks in all of these areas. He was knowledgeable. His...

— Douglass

Joy
Our Client Testimonial
Mike was amazing! He took a run-down, rat-infested home and turned it into cash in hand not only cash in hand but above-market cash in hand. Throughout the entire process, he kept me informed, kept it “real”, and didn't mix words. He not only sold my house, but he also helped me find and purchase mine forever home in the middle of a highly competitive market. Mike and his team are wonderful and I highly ...

— Joy

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