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Before You Sell

The Selling Experience

 

    This is a description of the basic process you will go through when you list your home with me. At the bottom of the page is a link to a form that you can fill out to let us know a little bit about your home. I can use the information you provide to tell you what your home may be worth, and how I can help you sell it fast.

The Tour:
    First I will come to your house to take a look at what you have to sell. I will take a tour of the house as if I was an average buyer and try to form an objective opinion about quality, functionality, and price. Next, I will let you give me a tour so you can point out all the features that make the house attractive to you.
The Meeting:
    After I have seen the house, we need to sit down and discuss the selling process, what you think your house is worth, how soon you need to sell, and take the opportunity to get to know each other a little better.  This is where I will answer all of your questions.

The CMA:
    (Comparative Market Analysis) The next step is determining the price. I will search all of the houses that have been listed and sold recently, and find the ones that are most like yours in size, age, style, and location. This will give us a good range of what your house will sell for and how long it will take in your area. I still need more information. Next, I will preview all the homes that are currently listed on the market that your home will be in competition with and see what we can do to make your home stand out on the market. This is really important!!! Having the edge can have your home sold in less time.

The Contract:
    At this time we will meet again so I can explain the listing agreement to you in detail. I will present the CMA to you along with information on what the competition looks like and how they are doing. I will also give you a range where I think we should set the price. It is then up to you to set the price. It is very important to price it right the first time because you generate the most interest in your house when it first comes on the market. (Remember, the house will only bring what the market will allow.)

The Marketing:
    The marketing strategy for every home is never quite the same. Here is a list of some of the items that I do provide for some of my listings depending on your preference (in addition to sign post.). Professional advice on what can be done to make the house "ready to sell". Posting of home and pictures on numerous websites and MLS. A custom page for your home on my personal website. Talking House, and the Homes Book advertising.
Marketing may vary depending on what is needed to market your home in the current market.

The Search for your New Home:
   
Once your house is on the market, we need to start looking for your new home. This is my favorite part of the process. Depending on the time of year, the better homes don't stay on the market very long (JUST LIKE YOURS!) so we will need to start looking right away! See my Home Buyers Dream Sheet to get started; this will really help!

The Offer:
    Depending on the general interest in your home, there may be multiple offers right away or there may be only one. This is usually dictated by how competitive the listing price is. At this point when an offer is presented, I will sit down with you and explain what the buyer is offering. As your agent, I will answer any and all of your questions. I will advise you on all points of the offer, but you will make the final decision, no one else will. Before you accept or decline any offer, I will go over the Sellers Net Proceeds, if you accepted the offer or declined the offer. (This will show you an approximation of the funds you will walk away with after closing.)  Once decided, you will sign all the contracts and addendums, and we will have a binding contract if the offer has been accepted.

The Inspection:
    Most offers will include an inspection contingency. This gives the buyer the right to have the house professionally inspected in a specific time frame. If the inspector finds anything wrong with the house, such as plumbing, electrical, heating and air, etc., they can ask you to fix the problem or credit them cash at closing. You can either fix the problem and keep the buyer in contract, or do nothing and give the buyer the option to terminate the contract, or the buyer may choose to purchase the house in its present condition, provided there are no lender required work orders as in FHA, and VA Loans. (They have certain guidelines in condition of property, and certain items must be fixed to sell.)

The Appraisal:
    After the inspection the buyer's lender will send an appraiser to make sure that the house appraises to the satisfaction of the lender’s requirements. There is rarely a problem here, but if the house comes in under value then the buyer could elect to terminate or renegotiate the contract under terms of the financing contingency.
 (Pricing the home right will eliminate this issue and any problems.)

The Closing:
    Then at closing you will sign documents and transfer title to the new homeowner. Congratulations. All the hard work has paid off. All the documents have been signed and the funds are available to you to purchase your new home. Your house is
sold!

                                         

 

Email: Chris@ChrisSchlager.com

                              

"My Dedication Makes Your Dreams A Reality!"

 

    For information regarding residential homes, land or farm listings, and current real estate market conditions in the South End, Valley Station, PRP, (Pleasure Ridge Park), Shively, Auburndale, Fairdale, Iroquois Park, Buechel, Highview, Okolona, Fern Creek, Hikes Point, Bullitt County, Hillview and Spencer County, Taylorsville Lake area, Mt. Washington Kentucky, (Ky) state, I can also help you negotiate with *For Sale by Owner-FSBO's to get you the best deals on the residential market.  

 

    *Keep in mind that with For Sale by Owners-FSBOs homes, Kentucky State law does not require seller disclosures forms to be used. They are definitely considered "Buyers Beware Properties."

 

 W. Tom Huber Realtors, LLC
3400 Historic Drive
Louisville,  KY 40299
Office: (502) 551-6386
Direct Line to Chris: (502) 777-9027


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