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.

BUYER
BUYER
BUYER
WENDY J.
ALI P.
DAVE
STEPHANIE H.
MARIE R.
SHERIDAN B.
AMY R.
WHAT MY CLIENTS SAY
Tracy Phillips was a perfect match for us as we were not familiar with the Phoenix/Scottsdale real estate market. She did a great job showing us various areas and was able to help us better understand what we were actually looking for in terms of a retirement home and location. She also did this in a very supportive way while making it fun at the same time. We decided to build a home in Victory at Verra...

— BUYER

WHAT MY CLIENTS SAY
We found Tracy from a quick internet search for the 'Best Realtors® in Scottsdale.' We needed someone who knew the area extremely well, as we are relocating, and someone who could understand what we were looking for, what our tastes are, etc. We looked at houses one weekend with Tracy and thankfully she added a listing to the homes we sent her. It ended up being the house we purchased and we are moving s...

— BUYER

WHAT MY CLIENTS SAY
Tracy was a wonderful Realtor® to work with and made our house-hunting experience fun and enjoyable! We moved across the country and had very little knowledge about the different areas we were exploring so we relied on her expertise which was so helpful. She was also so patient with us and the two toddlers we had to bring along with us. She was funny, helpful, and assertive. She was also honest about the...

— BUYER

WHAT MY CLIENTS SAY
We loved Tracy from the moment we met her! She has extensive knowledge of every area we had in mind and ultimately was very helpful in picking the right area for us. She also pointed out things to us we never would have thought of on our own. Definitely, a fantastic Realtor® to have on your side. She made the whole process as easy and quick as possible. We are super happy with her and we will certainly b...

— WENDY J.

WHAT MY CLIENTS SAY
We have had the most brilliant experience buying a condo with Tracy. She has been reliable, trustworthy, and efficient, and offered great local knowledge and honest answers throughout the buying process. Spending time with Tracy viewing properties has been a pleasure, she knows the market so well, and has a great feel for the sort of place we wanted. We couldn't be happier with her service and with our p...

— ALI P.

WHAT MY CLIENTS SAY
My wife and I consider ourselves beyond lucky to have found Tracy to represent us for our purchase in Scottsdale. Not being from the area, we relied upon her expertise to explain the pros and cons of the different communities we were interested. She is an amazing wealth of knowledge. I know for certain we would not have gotten the home we are in now if was not for all of her efforts!

— DAVE

WHAT MY CLIENTS SAY
We are so grateful for finding Tracy. She was incredibly knowledgeable, honest, responsive, and hard-working. We were moving across the country and looking for houses over the course of a few trips and she was so helpful in helping us manage the whole process from a distance. And finally, we ended up in a competitive situation in the end and she worked incredibly hard to get us our home!

— STEPHANIE H.

WHAT MY CLIENTS SAY
Tracy made us feel like family and royalty at the same time. We could comfortably come to her with questions big and small and know we’d get a fast and accurate response, most times within minutes. Her dedication to helping us find not just A home, but the right home, gave us confidence throughout the process. We will forever be grateful to Tracy for all of her hard work.

— MARIE R.

WHAT MY CLIENTS SAY
Tracy is a consummate professional. Her knowledge of different neighborhoods, nuances within communities, and ability to target her client's needs is exceptional. We highly recommend her expertise to anyone looking to purchase in the Phoenix/Scottsdale area.

— SHERIDAN B.

WHAT MY CLIENTS SAY
Tracy was so great to work with and helped make our whole process as smooth and seamless as possible, in spite of things that were outside of her control. I highly recommend her services to anyone looking for an agent!

— AMY R.

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