Selling Your Home Step 5
Hopefully at this point, you do have a place to move to! If not, see our Homebuyers guide!
A number of things a seller might consider, now that settlement is set, include:
After the contract is agreed upon by both parties, the buyer may arrange for an inspection. On inspection day, arrange to let the inspector in, but you shouldn't stay. Depending on the findings, there may be more negotiations if repairs are required.
Your home will also be appraised before closing. Usually the home is appraised to make sure the home is worth what the home is selling for. If it doesn't appraise for the value, the lending bank may not be able to loan the amount to the buyer. This also may lead to more negotiations after the fact. This is rare and not the norm. If this does happen, your realtor will be your advocate to help guide you through your options.
A number of things a seller might consider, now that settlement is set, include:
- Begin to use the food in your freezer
- Eliminate items you won't be moving (You may consider a garage sale, or donating to a charity)
- Check with your insurance agency if you want to purchase insurance on moveables. Make sure your family car and household goods are adequately protected while enroute and initially after arrival. If the seller plans to vacate the house more than 30 days before settlement, be sure hazard insurance covers risk during that period and until the deed is recorded.
- Obtain transcript of children's school records
- Secure medical, dental and optometry records for the family.
After the contract is agreed upon by both parties, the buyer may arrange for an inspection. On inspection day, arrange to let the inspector in, but you shouldn't stay. Depending on the findings, there may be more negotiations if repairs are required.
Your home will also be appraised before closing. Usually the home is appraised to make sure the home is worth what the home is selling for. If it doesn't appraise for the value, the lending bank may not be able to loan the amount to the buyer. This also may lead to more negotiations after the fact. This is rare and not the norm. If this does happen, your realtor will be your advocate to help guide you through your options.
|
|
