As a first time home seller, you may be nervous about what will happen after you list your home for sale. And I, as a real estate agent, will talk you through all of the stages but understanding what to expect will make the process more manageable for yourself. Here are a few things you should expect after you list:
Listings, Lockbox, and Signs
Your home will be placed in the local Multiple Listing Service (MLS) which will notify all the other agents in the area that your home is for sale. Depending on a realtor’s marketing strategy, your house will appear on other sites as well. Your agent will also put a for sale sign in the yard and will attach a lockbox to your front door. This will allow agents to access the house when you’re not there.
Also depending on your agent’s strategy, he/she will hold a couple of open houses. It is best if you’re not present during any open houses. Buyers want the freedom to make comments on your house so you should step outside while they tour the house.
Keeping your home ready for showings
Expect that you will get last-minute showings. You will need to keep the house in tip-top shape during this entire time. You may get little notice for showings so you should get into a routine to have the home ready so you can pick up at a moments’ notice.
If your realtor advertises your listing online, expect to get the most traffic in the first few weeks. The average days on market can be 60-90 days in a normal cycle. But that of course, depends on the area and the market. Don’t fret when the traffic dies down. You just need that one special buyer to fall in love with your house.
Receiving offers on your home
This is probably the most exciting part in the process where buyers start bringing you offers. It’s typical that interested buyers will offer less than your asking price in an attempt to bargain. Your agent should help you negotiate until you are able to reach an offer that is acceptable to both parties. Any offers, even one you consider lowball, is a chance to negotiate which will hopefully end up in a sale.
Knowing what to expect after you list your house can be half the battle of getting through the transaction. It is always good to be prepared and to list your house with an efficient real estate agent. Working with a qualified realtor (me) will help you get through the real estate transaction process stress-free, whether buying or selling.