Seller's Guide

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.

Testimonials

Buyer

Buyer

First-time homebuyer here. My mom and I cosigned on our first home, and Louis was an exemplary agent! Louis went above and beyond the normal call of duty for an agent and we couldn’t be more grateful for him. He maintained good...
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Neely M.

Neely M.

We worked with Louis on the purchase of our first home, and he was amazing! He understood our priorities and preferred location and worked extremely hard to find suitable properties. He said he would find us our "dream home" in...
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Buyer

Buyer

Louis helped my fiance Patty and I buy our first home in Encino just last December. He personally drove us to look at all of our listings and was very patient with us throughout the whole process. He worked with us for an entir...
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Bryar C.

Bryar C.

The house-buying process is intimidating, overwhelming, and anxiety-driving. As much as you think you’re prepared, you aren’t. That’s where Louis really stepped in and guided us in the right direction. Louis was knowledgeable, ...
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Buyer

Buyer

Louis is one of the best Realtors® out there! He is extremely professional, knowledgeable, patient, and accommodating to his clients. Purchasing our first home was a scary thought in the beginning stages but Louis helped make t...
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Buyer

Buyer

Louis has worked with us for several years. He learned the style of house we wanted and knew what to look for that would be a match for us. For our home, he saw an opportunity and we trusted him with big wins. A home with room ...
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Meaghan D.

Meaghan D.

As a first-time home buyer, Louis was a dream come true! His approach, knowledge, and professionalism were exactly what we were looking for. He helped us through every step of the process and took the time to help us understand...
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Brett

Brett

Louis Palacios was actively working for us the minute we asked him to be our Realtor®. He was a great communicator and was able to answer or find answers quickly and efficiently to assist us and keep us on track with the progre...
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Buyer

Buyer

As a first-time home buyer, Louis was a dream come true. We found the perfect home thanks to his help throughout the process. We highly recommend him. He has great contacts and local knowledge which was super helpful. He was an...
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Maria A.

Maria A.

Louis helped us find our perfect home! As first-time home buyers the process can be scary and overwhelming, he was key to helping us understand each stage, and our options and navigate towards a successful close. We would highl...
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