Final Steps of Selling a Home in Michigan
You’ve received an offer! That’s no surprise when you trust the realtors at Pat O’brien & Associates. Our dedicated and knowledgeable agents are known for achieving your home-selling goals quickly because we are rooted in the neighborhood.
Selling a home can be an exciting and rewarding experience, but it also involves several crucial steps to ensure a smooth and stress-free transaction. Here is our expert advice on the final steps of selling a home in Michigan.
1. Review the Purchase Agreement
The purchase agreement is a legally binding contract that outlines the terms and conditions of the sale. It is important that you take time to closely look over this document and ensure the agreed-upon purchase price, contingencies, and any other specific provisions are correct. If there are any discrepancies or concerns, consult with your Pat Obrien & Associates agent for clarification.
2. Complete Necessary Repairs and Inspections
As part of the closing process, buyers often conduct a home inspection to identify any potential issues. It is essential to address any necessary repairs or negotiate with the buyer regarding repairs or credits. Our agents will guide you through this process to ensure all communication is clear and correct. It is important that any repairs are completed by reputable professionals prior to the closing date.
3. Coordinate the Closing Date
It is important to coordinate with all parties (buyer, their agent, and the title company) a closing date that everyone can attend.
4. Gather Required Documentation
Before the closing, gather all the necessary and required documentation to facilitate a smooth transaction. Your agent will inform you of what documents are requested. Common documents may include the deed, property tax records, mortgage documents, homeowner’s association (HOA) information, and any warranties for appliances or home systems. By having these documents readily available you will save time and minimize potential delays.
5. Conduct a Final Walk-Through
Many buyers will perform a final walk-through of the property before the closing. This allows them to ensure the property is in the agreed-upon condition and that any repairs have been completed. As the seller, make sure the property is clean, all personal belongings are removed, and the home is in the condition agreed upon in the purchase agreement.
6. Attend the Closing
The closing is the final step in selling your home. It is a formal meeting where the seller, buyer, real estate agents, and representatives from the title company or attorney’s office gather to finalize the transaction. In order to sell your home, you have to attend the closing. It is during the closing that you sign the documents transferring ownership. Your Pat O’brien Real Estate Agent will attend the meeting and ensure that you understand the documents and their implications before signing.
7. Transfer Ownership and Hand Over the Keys
After all the necessary documents have been signed and the funds have been transferred, ownership of the property is officially transferred to the buyer. At this point, you will hand over the keys, garage door openers, and any other relevant information about the property to the new owner.
Selling a home involves a series of important steps leading up to the closing process. Our agents will walk you through each step listed above, ensuring a smooth and successful sale.
Put this comprehensive guide to work by partnering with Pat O’Brien Associates. Contact us today to discuss your home-selling needs and discover how our team can help you achieve the results you deserve.