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Seller's Guide

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 team of real estate agents 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 team of real estate agents once you choose one so they 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 team of real estate agents is the best way to determine the right selling price for your home. A team of real estate agents 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

We 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. Our 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 team of real estate agents.

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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. We 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 team of real estate agents 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.

We've Helped More Than 300 Metro Richmond Area Families Just Like Yours

Paige H.

Paige H.

The Simpson Realty Group is top-notch! From industry knowledge to communication, I highly recommend their services!
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Karen A.

Karen A.

Josh “Boots” was amazing at helping us locate a potential home in Midlothian. Josh went above and beyond answering questions day and night. Josh accommodated us in every aspect of our relocation from Chesapeake Virginia. I’m so...
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Kasey M.

Kasey M.

Josh Simpson was hands-on, helpful, patient, quick to get us in the houses we were interested in and encouraging. He helped us navigate the fast-paced market and was quick to get things going when we were ready to make an offer...
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Charlotte C.

Charlotte C.

Everything in this gift basket represents a sample of the finest quality in RVA including Josh Simpson and his team at Simpson Realty Group. I cannot thank Josh and his team enough for their attentive service in my recent home ...
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Antonio

Antonio

My experience with Simpson Realty Group was ridiculously great and it was a smooth ride because of the realtor Josh Booterbaugh, the man was simply amazing! His work ethic was First Class and was just very attentive and seemed ...
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Rusty H.

Rusty H.

My wife and I moved from Northern Virginia to the Richmond area this winter. We were referred to Josh by our daughter and son-in-law who used him to move from DC to Richmond. As a long-distance buyer, Josh's knowledge of the Ri...
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Cori P.

Cori P.

Buying a house is always stressful and we've gone through it 3 times. Hands down Josh was the best! Professional and a hard worker. He managed to make the buying process flawless. Everything Josh does is in the best interest of...
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Johnna R.

Johnna R.

Josh was so helpful to us! He went above and beyond to take care of the small details and took the initiative to make sure everything went smoothly! The house we were selling was being rented, he even took care of communication...
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Alex L.

Alex L.

I enjoyed working with the Simpson Realty Group to make my first house purchase in the Richmond market in 2023. My agent Josh Booterbaugh worked tirelessly to help me find the right home for me (by features, price, and location...
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Victoria B.

Victoria B.

Josh is a great realtor and keeps his client first in mind. He listens to what you say, offers options, and is very patient. Has great contacts for other services or work you may need. A solid good guy who works for his clients...
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