Home Selling in 11357>Question Details

Just Wonderi…, Other/Just Looking in Atlanta, GA

Selling process questions

Asked by Just Wondering 4 Now, Atlanta, GA Tue Sep 18, 2012

In what order would I do the following:?
Independent appraisal
Home inspection
Real Eastate agent interview/selection
Am I missing any steps?

Help the community by answering this question:


Hi Just wondering, this question was asked a while ago- but here goes-Order of business- get an experienced agent/broker to come over and bring you a report called a Comparative Market Analysis-should be FREE. it will include area information including available listings (your competition) and their condition, sold listings, and listings that are in contract and waiting for financing or title reports, surveys etc.etc.. By comparing the properties and getting your agents input- you should be able to get a pretty good idea- what you should address before, during or while selling.
Choose one that you feel comfortable with- that is knowlegeable, experienced and will spend money on marketing your listing not themselves

Once you have a buyer,he/she will order the inspection, if all is well, you would contact your (an) attorney, after you are fully under contract, the buyer will make application for his mortgage, which will order the appraisal, survey, title etc,etc,
I know some great attorneys if you need a list. More information Terry K 718-614-3167 or email TKorahais@elliman.com
0 votes Thank Flag Link Mon Mar 11, 2013
If you are planning to sell and have a mortgage on the property it is always best to request a payoff from your bank. Often, the balance owed on your mortgage statement is less than the full balance owed. This will help you to determine where you stand with the mortgage balance.

You should have an attorney in place that will be able to facilitate discussions with a potential buyer.

Real Estate agent selection before an independent appraisal will help you to determine, the properties value. An independent appraisers report can also be done while interviewing the realtor. If you secure an independent appraisal report too early and there are recent sales after the report, the value of the property will be affected. Therefore the, appraisal report will be null and void.

An home inspection should be done only if you are ready to fix any repairs. If you are selling the property "As Is", the buyer will do a home inspection if necessary. Your home inspection report will have no value to the buyer.
0 votes Thank Flag Link Mon Mar 11, 2013
Specifically to your question:

Real Estate Agent Interview/Selection

Independent (private) inspection

Home Inspection

There are a lot of steps in between. Continue to ask questions!
0 votes Thank Flag Link Tue Sep 18, 2012
I agree.
Flag Mon Mar 11, 2013
You will likely find advice for and against a pre-listing home inspection. As an example, let's just say you have old wiring - it's never given you problems so you've never thought about updating it. You have a pre-listing home inspection that notes this as a major concern. Pro - you have the luxury of time to get bids from a couple contractors, have the work done and can now use the updated wiring as a selling point and you have the peace of mind knowing that there shouldn't be any surprises if the buyers have their own inspection. Con - you find out this fix could cost more money than you have to spend and you can't afford to fix it. Now you have to disclose the problem to potential buyers because you are aware of it. If the inspection had not been done, there would have been nothing for you to disclose. While most buyers will request a home inspection, not all do. I think that's why it's important for you to talk with a real estate agent in your area - they can tell you the typical problems they see in a home like yours, and advise you based on all the particulars of your situation and your local market.
0 votes Thank Flag Link Tue Sep 18, 2012
I know that typicaly the buyer gets an inspection. After reading another post on this site http://www.trulia.com/voices/Home_Selling/What_if_I_enclosed… I thought to myself what if someone did improvements to the house that were not up to code. Wouldn't I want to know that ahead of time? The house is almost 80 years old.
0 votes Thank Flag Link Tue Sep 18, 2012
Select a few agents to interview, and call to set up a listing appointment with them. During this meeting they should share information with you on what comparable homes in your area recently sold for, and what other homes are currently for sale in order to help you decide on an appropriate price for your listing. Some agents recommend that you have a home inspection done prior to listing your home so you can use that as an additional selling point, others say to wait and let a buyer do it if they want one, but it really depends on what is customary in your area. Once the home is under contract, a buyer (or more likely, their lender) may have an appraisal done. Your agent should explain the selling process in detail and answer all your questions based on what is typically done in your area. Good luck!
0 votes Thank Flag Link Tue Sep 18, 2012
1. List house with Reator
2. Do Open Houses
3. Sell house

notice that YOU do not do Inspections, unless you want to waste money.
Buyer does Inspections.
0 votes Thank Flag Link Tue Sep 18, 2012
Begin by choosing an agent to work with, he/she can best advise as to what needs to be done....
0 votes Thank Flag Link Tue Sep 18, 2012
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