Alright, sellers! It’s your turn! Think you know what it’s like to sell a house? You bought one before, how different could it be? Well, in this episode we tackle the process of selling your home whether it’s your first time or not. And even if you are an old pro at buying and selling real estate, this isn’t just basic boring process advice. We tackle online home values, what happens if you over-price your home, important tips for multiple offers, listing photography and so much more. We are going to tell you how to find and vet your agent, how to prepare for showings and what you need to do to stay safe during your home sale process! And to our normal audience of Realtor friends, we recorded this episode to be sharable with your sellers. Having everyone on the same page of how the process works will remove so much stress and confusion. Happy house selling to all!
The following is a rough transcript provided by Otter.ai.
It’s twins. We have to move. It depends a lot a lot in this episode. And I’m like, No, this is going to I need to go Oh, yeah, no, I don’t have that. We wasted a lot of time. We’ve pulled back shower curtains and found bathtubs full of stuffed animals.
You can’t punch a hole in the wall when you’re moving out and be like, yeah, oh, well,
no, my house No. Hi, y’all. Welcome to hustle humbly. It’s Alyssa and Katie. And we are two top producing realtors in the Baton Rouge market.
We work for two different companies where we should be competitors. But we have chosen community over competition.
The goal of our podcasts is to encourage you to find your own way in business to stop comparing
yourself and start embracing your strengths. Hi, Alyssa Katie. Welcome. It’s episode 183. How to sell a
house another consumer episode guide for for the consumers. So if you have someone out there that is like on the fence not sure or anyone anyone looking to sell their house?
Well, you know what I think to first time buyer is like this huge thing that’s talked about in real estate. Yeah, agents talk about it. You know, homeowners talk, people talk about it. They just look whatever, some homebuyers. Nobody ever talks about first time sellers. And I think that was such a confusing time. Because selling is not the same thing as buying Yes, you saw it from the other side, different, totally different. So we’re going to try and address the selling process, whether you’re a first time seller or not, and speak to the consumer. So if you’re our agent, listeners, please share. But I’m nervous because it’s so much
okay, we’re gonna try to stay out of the weeds and just keep moving efficiently for you. It’s
gonna be a lot, just you’re gonna You can do this, you can do hard things, right. But also, it kind of brings me to the most important thing that I tell my sellers selling your home is work. Just like when you listen to this, it’s gonna be like, Wow, that’s a lot. That’s a lot to it. Yeah, it can be done. It can be done smoothly, easily, with little stress, but it is still work. Sure. You know, this is not like, you pop out and look at a house like a buyer. And then you’re like, I’ll take it. Right.
I always say like, buyers are so excited. Yeah. And sellers are more stressed out and nervous and nervous. And you know, there’s financial fear, like what if I don’t get what I want? Or what if the market is different, right. And even when you sell it, you’re like, should I have gotten more for it? I don’t know. You know, even when it sells it’s, it’s hard. It’s hard. Yeah, it’s a lot to process. You
are best. Should you give us the quick 32nd Who’s Alyssa for a seller who’s never listened to the show before?
Okay, sure. My name is Alyssa Jenkins. I’m a realtor in the Baton Rouge market. As you heard from our intro, I have been selling real estate since 2011. Okay, and probably the last five or six years, I have been more seller heavy.
Yeah, you make that transition? Yeah, you kind of transition seller listeners. That’s kind of what happens. Your newer, inexperienced agents tend to be more buyer heavy. And then obviously, as your old clients start to come back around and are ready to sell or as you get more confidence or just been in the business longer, you tend to make a little transition to seller. Sure. Okay. Um, Hi, I’m Katie Caldwell, also in the Baton Rouge Louisiana market, how I got my license in 2005. And I love sellers, and I hated them. When I started there. It was so scary. And I love them now. I love staging is my jam. I have sold hundreds of homes. And I feel like if I had to give a seller advice, I’m ready. Right? Like I can give a seller advice. Awesome. Okay, so let’s do this. Where do they start? They called you? When did they call you? Let’s start there.
I feel like I get calls that a few different stages, you know, especially if it’s a house where they feel like they might have to do some things, right? I’ve had people call me. And then we talk about it on and off for years.
I don’t think there’s a too early to call. No. And I do think even more so now preparing for this episode than before. And not that I didn’t think this before. This episode is not telling you how to sell your house on your own. No, this episode is telling you how the process works. But you need an agent, right? I couldn’t even begin to tell you all of the things you will miss if you try to do this on your own. Not to mention the amount of money that you will likely lose and not even realize you lost because you didn’t have an agent involved helping you get through all of that. Right, right. Yeah. Okay. So they contact you, let’s say a year in advance, or one of the other times they contact you the day before.
Hey, I need to sell my house pretty quickly. I just accepted a job or I had one call one time, we just found out like we knew we were pregnant. Not a big deal. It’s twins. We have to move big deal. It’s. And we haven’t told our family yet. You’re the first person that knows it’s twins. And I’m like, Wow, what a big response. I
get that, too. We haven’t told our family we’re moving yet. Yeah, Kevin, totally don’t tell anybody we need to deal with our housing situation. Housing is a fundamental need. Yeah, it’s a big deal. Okay, so they reach out to you at all different times. For MCs,
sometimes it’s like people say, Hey, I’m remodeling my kitchen. And I just want to make sure that the choices I choose are somewhat timeless in case I want to sell it to you. I think that
is such a great tip. If you’re not even selling your house now. Or maybe you’re going to sell it in a couple of years. And you’re like, I’m going to spruce up this or I’m going to change out the floor. Call your agent. Yeah, just make sure it’s okay. They want to help you. You do not want to waste that money. Can I tell you how many listing appointments, I have been one where the seller says what you got to answer though, keep going. You’re like, Oh, you’re
thinking I’m thinking? Yeah, so your phone, I’m already thinking about
the seller says I paid $25,000 For this patio cover. It is so great. I want to sell my house for market value plus the $25,000 patio cover. And I have to break the very bad news that that’s not how valuing your home works. Sure, it’s an amenity, it’s nice, but maybe you’ll sell it faster. But I can’t get you dollar for dollar on pretty much any upgrades to your home.
Nothing makes me more sad when they have started doing what they think is the right thing and getting their house ready for the market. And then I and then call me when they’re done. And I show up. And the first thing I’m thinking is like, gosh, we have to paint this we have to change the color color is so bad. And they’re like, we just painted Oh, no,
no, no. Right? We want to make look. And the other thing is you want to give the advice that makes it cheap. And as easy as possible for them to get their house ready. I’m not looking to make every house perfectly renovated before it sells.
I don’t know if I’ve ever really suggested any type of renovation? No, you know, if it’s a home that’s out of date, just something like a clean blank slate. Right? Cleanliness is a huge sage.
Okay, so they reach out to you what happens? They call you.
I think we just have to figure out the timeframe first, okay, and get a game plan together of things to start thinking about and working on.
Okay, when do you go to meet that person?
I think you’re gonna hear it depends. A lot, a lot in this episode a lot in this episode, I do think it’s helpful for them to have. So I do have the getting your house ready, checklist, right? It is helpful if the at least the decluttering process has started. Sure. And honestly, my checklist began, because my listing appointments, were taking two and three hours. And that’s not good for the seller, or you nobody’s happy. And at the end of that it’s too much. Because we’re, you know, looking at, especially if you’ve been there a long time, it could be a long console, right? So I do have my checklists, and I tell them, Listen, just review it. And kind of let me know, where do you How close do you think you’d be not doing everything on the list, but starting the decluttering process so that when I come to get us ready for photos, it’s not a, you know, five page document, right? It’s just like kind of a checklist of final things.
Yeah, the only way I would go earlier on is if the seller was saying I I’m about to make a renovation or I’m about right do some type of costly repairs or changes that I need your opinion on? Or I need a color for or whatever, then I’ll be like, Sure, I’ll come I’ll come now you get ready for the next six months and then we’ll list that’s fine. I don’t think there’s a there’s not a right answer. So what’s the situation? When do you need to move? What’s the status of your house? Yes. Have you made any changes to it? Is it
also like do like do have somewhere to go? Like How’s that looking? I want to make sure we don’t make you homeless? Right?
We never want you to be homeless? No, no, no. Okay. So they call you in take them, I will sometimes share kind of what’s going on in their neighborhoods. So they have a guide a lot of times sellers don’t have a clue what the numbers are sure. So like I don’t even know if I am able to sell what based on what I owe and what the markets doing. All of that are questions that your agent is going to have to answer after they know about your situation, your neighborhood your house. Okay, so we do the best we can without seeing it then at some point you gotta get in there. Yes. Here’s my number one tip about that. Your Zestimate your online, any website that tells you the value of your home is not accurate. It’s not. It’s not a person they haven’t been inside. They don’t know about the cellphone tower in your back yard. They don’t know the different the little nuances of your home so it could be a guide, but I’ve seen them way too high. I’ve seen them way too low. Me too. So I would hate for you to go online and be like, Oh, Zillow said, my house is worth 300. And I can only sell if it’s worth 350. And really your house is worth 375. Yeah, there’s no way for you to know that without consulting with a human agent who can look at the market data for your neighborhood.
I’ve also had situations where I tell sellers who maybe aren’t ready right now, like I can run numbers for you today. But we have to check them pretty regularly. We do have an episode on appraisals, Z appraiser, that will be a good one to go back and reference if you’re really curious how they value your home, right. But we kind of work eight Realtors work in the same way, as far as how we do the search, what parameters we’re allowed to use, what counts as a comparable sale? And I always tell my sellers, there is no magic number. No, it’s a discussion between the market data and what your financial goals need to be right to make this move work. Yeah, and we kind of come up with a range, right?
You can be like, I try to price as aggressively as I can. Because I want you to get it, I want you to get as much money as you can out of your house. At the same time, you can’t push the boundary over what the market will allow, because then you’re going to sit on the market and be stale, right. So that’s would be what they call missing the market. You can’t miss the market just because you’re trying to be aggressive. And so pricing is really tricky. And lots of sellers will say, Well, I just want to test the market. Yeah, that’s also not okay. Because, again, you’re gonna sit there be stale, become stale, and then you’re gonna have to come down lower than I would have told you to list anyway. And once you start making those price changes, there’s really no turning back. Right. Okay. So they’ve called they’ve told you what’s going on with their house. You’ve said, All right, fine. Let’s just say now the six months have passed, and we’re about ready to list. Okay, are we ready for that? Yeah. Number one step is always call your agent, tell them what your plan is. And now we’re ready to show up. Sure what happens when you go because we do this differently?
Yes, we have a little bit of a different process. So I do like to send them my pre listing email template, okay. It has a copy of my resume in it. Right. It also has a copy of the property disclosure that I need filled out to list a home use document to fill it. And I have had sellers sit at the counter and try to fill it out. While I’m there like that. I’m like, No, this is going to I need to go. There’s also a homeowner information sheet that I made that asks all the other questions on one of those that the property disclosure doesn’t answer, but that the public really wants to know about average utilities. Yes. Who are the companies? What upgrades? Have you done that the disclosure didn’t ask how old are your appliances, and it also has this little checklist of things to have ready for our meeting?
Okay, tell us the things that a seller would need to have ready for that listing appointment. And you
know, what makes me so happy about this list? It was derived from listing appointments gone bad, right? The hard work, I have figured out,
we’re gonna make this a streamline for you
as possible. Yes. And I can remember one listing appointment in particular, where I just mentioned, if you have an old appraisal that’s on this list, a copy of a previous appraisal, right? Because we as Realtors do need to confirm square footage and the size size of your home. You should not ever copy the old listing. No, you need to either have an appraisal or have someone that has measured it or you measure it right, right. So that you can show where you got the square footage from or if they have an old appraisal. I’m so thankful because I don’t care to measure it. I will I would prefer an old appraisal. Right. But I had mentioned at the table. Do you have a copy of an old appraisal and the husband’s like, oh, you know, I think we do. And he was gone for like 30 minutes like it was able Yes. And kept. And I kept saying Don’t worry about it. We can find it later find it. No. He was like found it. I was like, Oh great. And he brings it to me and I know it’s his inspection report from when he bought it Holy smokes. And he was like, oh, yeah, no, I don’t have that. We wasted a lot of time his annual you know, every time I had a situation I just added it to the list. Okay, so what are the other things they need to have? Okay, so if you are in a subdivision, a copy of the restrictions is helpful. Okay, knowing what you owe on your home so that we can talk numbers net sheet, you know, when we’re figuring out the price, right? If your home is in a flood zone that requires flood insurance letting me know what that number is, how much is your flood insurance because that could affect value. Okay, a spare key for the lockbox that works. Yeah. Very important. I do ask them to have The Property disclosure and homeowner information sheet filled out already done, because it’s helpful when I show up and they have it and they hand it to me and I go, Oh, I didn’t know your roof was new, or I didn’t know you just didn’t like that, because it asks for updates you’ve done. So all of a sudden, I have it already. And we’re just discussing it. Okay. And then there are some things specific to our market. Like if you have a septic tank, right, you know, I need certain things. The information sheet really answers a lot of these like homeowners association information. So anyway, I just like to the main things are really the disclosures filled out, right and a previous appraisal,
okay. And when you show up, you’re gonna go walk through the house with them and tell them the last few things they need to do. Schedule the photos. Yes. Okay. I’m a little bit different. Because I don’t mind going, I don’t want to spend like a half hour while you dig in your closet. Yeah. However, I don’t mind going a little bit earlier on because I want I’m, because I’m so staging focus, I want to really see your house and be like, Okay, here’s the list. Yeah, yeah, I need you to do it just like this, right? Or like, you need to tell me what it needs to do. I need help like, what’s going on here? So I will go typically a little earlier on like, I have a couple of pre listing appointments. I do more of a pre listing appointment, where I feel like you’re doing like the final listing appointment, we kind of do it all together. Yeah. And I just don’t have to necessarily go back. I mean, I’ll get back at the end when the photographer’s ready, but I’ve seen it, I’ve told you what to do. We’ve walked through the house, you filled out all of those things, the property disclosure, and your homeowner checklists, all that. So it’s a little bit different, but I like to walk through, have them tell me what did you change? You know, tell me everything about the house that maybe someone changed before you, especially if I didn’t sell it to them. And I’ve never seen it before, we need to know like what’s going on with the house. So I think that the listing appointment is going to be a walkthrough of your home. And then it’s going to be me telling you what the other houses in the neighborhood have sold for. And I can usually adjust that after I’ve seen it that day. So I bring it with me, and I’ll have an idea in my mind. But maybe I get there and your house is amazing. And I had to go up on the price. I thought right? Or maybe I get there and your house isn’t quite as updated as the other comparable houses. And so I have to go down. That’s okay. Like I’ll check it sometimes in the moment. But I’ll be able to tell you with you the net sheet so your net sheet starts at what’s your list price, and you know, what are all the cost of closing? And then maybe, what would we expect in the market for concessions, like Buyer Closing costs or something like that? I’ll have looked at all the the Market Report. And I would know that Sure. So then we will look at your numbers, we look at the net neighborhood, look at your numbers, I will give you your staging checklist. And I would hit the road. And maybe you’re going to be ready in a week. Maybe you’re going to be ready in a month. And we’ll double check those again. Because right your value from your market report is a moment in time. Yes, if if an agent has told you, your home is worth 300,000. But you don’t list it for six months, you can’t just assume it’s 300 or more. It could be less.
It’s also not a bad idea. If you’re an agent to set them up on a subdivision report for the subdivision they’re in so that monthly they can keep up with the activity. So there’s no surprises. That’s always been I think that’s
a good idea. So that kind of gives a run through of what’s going to happen at that listing appointment. But let’s back up a step. What if how do they choose an agent? How do they how do they even get to you? What should they do to pick their agent?
I have found that sellers vet more than buyers do well, for sure. Because their pay? Yes. Yes, sir. And so in the real estate industry, how realtors are paid could be changing. At this point in time, it’s always been that at closing, the Commission comes out of the sellers proceed right. And the buyer doesn’t pay. Right. And they actually I actually read an article about that started because buyers have so many closing costs associated with the loan and like everything’s, you know, negotiable, but it was just
okay. And yes, apparently before we were even around. You were the both agents were representing the seller. That’s how they would phrase it. Right. But I don’t really understand now it works like this. The seller has written has signed a listing agreement with the broker of the agent they chose. Yes, that agreement Mr. And Mrs. Seller, it’s not between me Katie, your agent and you it’s between my office my broker you with me assigned as your agent. If I stopped selling real estate, that agreement does not die. No, it’s still between you and my broker and my broker can assign you a new agent correct. Now, that’s a great question for when you’re talking to agents or interviewing or just if you only you’re talking to one what what’s the penalty if I cancel? Like what if i What if something happens to you and your broker assigns me a new agent and I just want to cancel, and I don’t want to sell any more or whatever. Is there a penalty? Some offices charge a fee? Right? I don’t charge a fee. Me neither. Okay. All right. So what else to pick your agent?
Word of mouth, I think is hugely important. And then also just checking online reviews, how active are they? If and this may seem petty, but if I was choosing an agent, I would probably check out their social media and just see like, are they actively selling real estate? It’s good
to see you can kind of base someone’s knowledge off of do they have a website? Yes. Do they have a Google presence? Isn’t? Do they have some reviews? You know, if you’re picking an agent out of in our market, there are what 4000 agents? Yeah, it’s a lot. It’s like,
and we’re a medium sized, like there are boards, some cities in the United States have 10s of 1000s of
agents, right? You’ve got to do something to sift through getting the recommendation from someone you know, who’s used them is always the easiest, because they can tell you firsthand what their experience was. Right. But you may also find there’s an agent that markets to your neighborhood and is very familiar. We you know, you can’t just be an agent in our our city isn’t even that big. Right? Right. And I still wouldn’t be like I’m an expert on every zip code of the city. No, at all. Yeah. So it’d be good to find someone who was. So we’re going to Google and see if they’ve a review. What else we’re going to check their social media. Oh, you said, if they have any, maybe mutual Facebook friends? Yeah, I sorted out. If you know, someone who knows them. Again, check their website just does it look like someone you would want to work with? Yeah, I mean, that’s, that’s the great thing about social media, like, yeah, this person is like my speed.
I do think personality of the realtor and the sellers matching is important. As far as like, can we communicate well, right? Do we get along? Do I trust this person? Make sure you trust them?
I’m so glad that you said do we communicate? Well, because then my number one tip for vetting your agent is reach out when you’re ready? Yeah, via phone or email? And how long? Does it take them to respond? Like, do they answer their phone? Did they return your message? Did you get a return email within you know, a certain amount of time? How did they respond?
That’s going to set the tone for how things are going to go available?
Are they if they’re not available for new business? I don’t know that they’re going to be available once you have already done the listing? True. Yeah. Okay. So that’s a good tip there. Now, we learned in our buyer seller, from Nara, our statistics this year that I think it was like what 85% of sellers just choose the first agent they see right in person. So I’m going to assume if you’re listening you, you may or may not be interviewing multiple agents, you’re welcome to interview multiple agents. That is something that has happened for many years. And but you’re busy. Yeah. So maybe you can try and vet an agent and get some reviews and get like a referral before. So that we already know you only really want to see the one, correct? Yes. So unless it goes terribly awry. Once you’ve seen the one agent, you should be good. But there are interview questions. And I’m not going to read them all. No. Okay, because we’re trying to keep this as concise as we can you want to show you tube, I’ll show you to just like,
we have a piece of paper with all these listing interview questions.
So we’re going to do if you want to go to our website, we’re going to give you the list. So you can have it sellers, if you want to more agents. Yeah, if you just want to have an idea of what maybe you would ask an agent, if you were interviewing multiple, or even if you’re just asking questions of the one you’re going to hire. We have all of them, you know, asked about professional photography and ask about how to you know, communicate it, ask them?
Are you full time? Have you been in the business? All these things? You know,
how many transactions do you do? And look, there’s no right or wrong answer to these questions. So if you’re a new agent, or if you’re interviewing a new agent, or a seasoned agent, there’s a bonus to like if you’re newer and you have more time for me, right? If you’re seasoned and you have more experience to negotiate great like there’s there’s pros and cons pros and cons to every agent. There’s no like, Oh, you’re part time. Well, I can’t use you. But it’s a good guide for just maybe how to interview an agent. Yeah,
and we wouldn’t ask every question on here, but maybe you could pick like your top five or six that you want to ask you Yes, which one’s better?
Okay, so you can get that on our website hustle humbly podcast.com And I think it’ll be like slash seller listing no sellers is already on their list of episodes that are about sellers listing listing. I think it’ll be slash listing. So
that’s the story with that hustle humbly. podcast.com/listing Okay,
okay. So we’re gonna move on, you’ve interviewed your agent or found them however you failed them. You’ve decided you like them, you’ve decided to move forward. They have come to your home and told you how to put Peyer here’s my tip on this preparation of your home for sale is more important than when you list it. 100% I don’t care if you’re in a hurry, can
we list it early without photos?
Like, can we list it before we finish painting this room? No, no. Can we list worth the wait if well, we can’t get the grass cut until next week, and it’s like a forest right now. Like, it’s like a field whatever. Yeah. Can Can we list it now? No, no, you only have one chance to make a first impression
whenever it goes live. That is the time that it emails all the agents that have a search setup that meets that criteria. It hits all the website, right. All the consumers who have searches set up get notified if your
listing comes to them with zero photo. Yeah, you’re out. You’re done. They’re not coming back to you. You have one chance.
Yeah. And like how are your photos ordered? What is the if you have a great pool in the backyard, don’t make it the last photo of like 50 photos, I think they said your first four photos will determine if they keep clicking to look at the rest of your house. Right? So if they don’t like what they see, they’re not even going to make it to the
pool. Yes, exactly. Put the pool and look, some MLS systems require you to have the front of the house as the first picture. I do usually do that. But there is no requirement after that the pool can be the second picture. There’s no reason why you couldn’t resort them. Now. I do like to sort mine the way my photographer sends them to me, which is as if you were walking through the house. Sure. You know front of the house for your living room, however you see it but at the same time, if there’s like a killer workshop in the backyard, we need to know about that. It’s gotta go. That’s
how I do mine. I put all the important stuff up first, and then I get down to like the guest bathroom and like the guest bathroom
first. Like that’s kind of a boring photo. Agree. Yeah. Okay, so you’re going to get your house ready. Regardless if a week a week in the market is not that big of a difference. No weeks? Yeah, yeah, get it ready before you list in. And here’s the disclaimer on photos. If your agent shows up with a cell phone and starts taking photos, Ron kindly asked them to put the phone away and get you a professional
to have professional with the buyers, the amount of consumers the way that the internet is used if the internet presence is not good. You’re not You’re just saying Miss you’re being missed. Not for what you could get. Right.
Okay, nine This is the actual stat it was 97% of buyers search online.
It has to look good online, your phone, I don’t even know what the other 10% are doing.
No 3% No seven. Oh 97 Basically everyone, okay. Everyone who has to look at who has access to a computer or phone is like yeah, I’ll just look at these online. Sure. I’m not gonna go with whatever the other option is. I don’t know in person, all of them. Okay, so you need the photos?
Yes, it’s very crucial. We do have in our templates, a your house is ready. Your photos are scheduled, right with some tips for how to leave your home. Yeah, ready? We also have a whole episode on staging. Yep. So there are some episodes that could complement this if there is a certain area that you’re wanting to dive deeper into, right? So we will reference those on our Instagram. Also, you can follow us on Instagram, okay. But, you know, having the checklist for when the photographer comes having all the blinds open every lamp on like, you know, how they should be toilet lids closed, right?
And some of the things are like, you want to do the week of like, mow your grass and all of these things, freshen up your mulch and some things you got to do just the day of your right turn off the TV, turn off the fan. You know, close the toilet lid, obviously we would love for you to have it looking the same for your showings as you did for your photos.
I do tell my sellers photo day is the hardest day. Oh yeah. Because that’s the day that it has to be the most perfect.
You have a dog I want it to look like the dog has never been there
never been there bowl and photo beds. No, nothing like we hide all the dog bowls.
I’ve hidden them in the washing machine before. Yeah, I’ve hidden them in the back of the car. You take your to go stuff all the things you’re hiding.
All your toothbrushes and stuff are in a basket in your corner or under the counter like we’re trying to we’ve pulled back shower curtains and found bathtubs full of stuffed animals. I have found things hidden in the oven like so, you know, photo day is the hardest for showings we have a separate checklist for how your house should look for showings that we will get to right but showings are a little bit more forgiving because they know you live there or the photos got them there. Okay, but if the photos aren’t good, they’re never going to make it to the show. Okay, so they
got the prep list for their photos, you’ve gone and now the photographer is there what’s happening? Yeah, he’s
taking his photos, right where I’m probably measuring rooms with my laser measure filling out the MLS input, I usually like to input sheet Well, while these the photos are happening, I tried to write the description in the note section of my phone while I’m in the house, it just helps me right, and then I’m not having as much okay to do top 10
I don’t. Okay, so in my listing folder, I have the seller top 10 list, so they have to fill out property disclosure, and their homeowner info, but there’s also the top 10, the top 10 is really what informs me when I go to write that description because I’m like, Oh, I never knew I would have never even thought about the fact that you have a vanity setup in your master closet. And that makes getting dressed super easy. Whatever it is, you know, like they lived there. I didn’t live there. The best way for me to know what you love about your home and what someone else will love is if you just tell me. And that top 10 list goes in my listing binder and we’ll get to that in a bit. Okay, so after the photos and the measuring, you’re gonna go to input at what point are they going to sign the listing agreement once I have photos
scheduled and we’re doing this I work on all the listing documents to be sent electronically, I
send mine electronically as well. So it makes it pretty easy. There’s no reason why every member of the family needs to be at the listing appointment. If it’s just like a scheduling issue and one person can be there. We’re eventually the docs are coming to you electronically. Sure. Okay. Oh, other hot tip for sellers. You need to be aware and tell your agent if there are other sellers, especially if it is a you know, divorce or if this is a secession like a death has happened. You need to let them know where you’re at legally. Do you own the home who’s who’s the executor, who can sign every heir of the home has to sign if there isn’t one person assigned by the court. So you can’t just unilaterally sell your home this home? No, right? If you’re gonna come up, they’re gonna find it a divorce, but you’re both on the title still, you’re gonna have to both agreed and sign off on this listing. Okay, so those are important little tidbit, you need to make sure you sell share with your agent.
Hey, friends, we are here to tell you that we have made you a freebie. a freebie. It’s free. It’s free. Those are my favorite. Why? No look.
I love a good freebie. And this one is vital. I love it. Now, I will say we have always since episode nine way back then when we had our database episode, the original had our database template for free. Yeah, hey, it is a spreadsheet. It is the column headers and some instructions on how to use it. It is not difficult. No, but we have amped it up this year. And now there is a Who do you know list that comes with your database template.
So this list will really help you build your database. If you feel like you don’t know who to add. How do I find people this list gets you brainstorming about who do you already know, right? This even
works if you’re brand new to your area. Yeah, so who do you know you’re gonna take a list and you’re like, oh, yeah, these people, I know them and you’re gonna put them straight onto that database template and you’re gonna hit the ground running with your database work. It’s an excellent resource. And you just have to visit hustle humbly. podcast.com/start here.
Yes. Because the database is the foundation of your business. It’s where you need to start. Start there. Perfect.
Okay, what’s next? You’re sitting them? Do you want to talk about listing docs at all? Or you feel? So yeah, the
weeds every and every state is different. So we won’t go to too deep. We’ve already told you
your listing agreement is between you and the broker with your agent assigned to you. The listing agreement is going to have your list price and your commission amount, okay, those things are negotiable. So we can’t tell you what that is. Right? Could be anything, right? Okay. Gotta talk to your agent. We are not discount brokers. We don’t have any real information on that. But yes, discount brokers do exist, I would just make sure to ask the questions of what what am I getting? What are the services that they’re going to provide? So is it just simply inputting it into the MLS system and you’re kind of on your own? you schedule your own showings, you have to negotiate on your own like, what do you get? Yeah,
there’s different levels. Always. And I always tell my clients to like once we have the photos done, I can have it on the market within two or three days. Right. So once we have photos scheduled, it’s pretty much game time. Yeah,
I mind Next day I photos today on the market tomorrow. Okay, that’s how that’s the timing I use. Yeah. So it’s really quickly though. Yeah. But it
starts to move fast. Right. And I won’t schedule photo like I need the property disclosure before photos. You know the procrastinators out there?
Well, you have to have the property disclosure in our MLS in order for it to go live. You don’t you’re not allowed to just be like, I’ll have it later. No, you have to have it later. And the property disclosure for anyone’s like had to keep saying that, what does that mean? This is the document that in Louisiana, it goes through everything that you know about your home. Okay, so it’s going to ask you all kinds of questions about the property and the House and the condition that you have to share legally. Like this has to be filled out whether you have an agent or not. Right. Okay. What’s next? It’s listed, oh, my god, great, done all the hard work.
At this point, I have a we have a email that goes to our sellers, let us know it’s officially on the market with a link to the property and make it the link that you want them to share agents. So like the link to your website, or whatever link is best. And so sellers, check your links, read it, look at the information, make sure that everything is filled out appropriately. Yep. And then this email also gets it. So we’ve already talked about all these things, but it also I reiterated in the email how showings, work. Yes. And getting feedback. Can you tell them a little blurb about how showings work? Sure. So we have an app. I’m sure most places have an app at this point. Sure, that will either text or email or call the seller saying someone wants to see your house on this day between two and three? Yeah, yes or no? All right. You confirm it? Yeah. Okay. So they go, once a realtor finishes their showing, most systems automatically ask for feedback, right? It’s kind of 5050 on if you’re gonna get feedback through that form, right? Like some agents don’t leave the feedback in that form. At which point, I tried to give them a full day before I reach out, right? Maybe there were showing more I ever have to remind sellers like there, they could be looking at more houses than just your eyes. So at when the showing ends at three o’clock. I don’t know how it went yet. Right? Right. We don’t know. We don’t know. But I get text. Sometimes. It’s like how the showing go. I’m like, I don’t know, I don’t know. You may also want to be mindful about if you have cameras in your home, and ring doorbells and things like that, because sometimes I have sellers now texted me being like, they didn’t seem like they liked it, because I heard them talking on the stoop.
So you can’t take you can’t take that at face value. Right? You don’t notice maybe the wife liked it. Maybe the husband didn’t, maybe they just all needed to stew on it. Maybe there was something they didn’t like. But after seeing all five choices, they were like we used to house your house really was the
right. And I don’t want to get too into the weeds about my specific process, right? Because every agent is different. But feedback is sometimes hard to get. And as an agent, I do try a few times to get feedback. But at some point, if I cannot get feedback, it just means they were not interested. I
was about to say that. Here’s the hot tip for you. The feedback is they either want to buy your house and wrote an offer, or they don’t want to buy your house. Yeah. And there’s no offer, right? Ideally, would we like the people who didn’t want to buy it to tell us why Sure. I want to know, is it the maroon dining room? Is it like the size of the yard? Is it something I can fix? Is it something I can’t fix? That would be great. And your agent will do everything in their power to get you that information. But I don’t know if this is nationwide, if this was just locally obviously depends on this, like how the market is. But I have found in my 17 year career, that if you get to showing number 10 And you have had no offers Yeah, there may be something amiss with the condition of your home because if you have no showings, then it’s something is wrong with the price. Because if you get the price, right, someone’s coming to see it. Yes. Okay. Whether it’s perfectly renovated or super outdated, you just have to get the price right and someone is coming to see it. Once you get to 10 Someone’s coming to see it. I would hope that you had feedback that told you what was up or an offer. Sure. Okay.
So yeah, feedback can be frustrating, but it can also be helpful sometimes you get it sometimes you don’t. Yeah, so you kind of just have to see. Like, I think the number of showings you have in the first two weeks is also a lot of feedback. Yeah, right. Your
best showings are going to come in the beginning and at the highest frequency in the beginning. So what I tell my sellers I want you to be so prepared and pretty and ready for the market so that we don’t have to have you running out for to let some stranger come look at your house. Once every three days for the next three months.
When you leave the house the beds are made. Yeah, everything’s There’s every day you have to leave your house have a dog
Alyssa, what’s gonna happen? You have someone has to come get the dog that’s not ideal What if the dog barks your ideal showing that’s not pleasant. Nobody wants to see a house like that
there are some things to work out, right you have to have a plan. Sometimes I tell people, like I just had some clients that have a dog that’s not super friendly. And they were like, our mom is going to keep the dog while the house is the dog just isn’t gonna live. He’s just not going to live here. We’re gonna board the dog the first week, I’ve had people do that, you know, husband’s job is flexible. He’s gonna go get the dog and take him for a walk
while Okay, that’s a great point, when let’s back up to the Uganda request for a showing. If you have a situation like you need to go run and make the beds or pick up your dog, you need to tell and your agent should ask you on the in the listing appointment. What do you need for a showing Do you need an hour notice two hours notice, I’ve had plenty of clients who said they needed 24 hour notice I will advise strongly against that. It’s hard. It’s too hard. Because let’s say someone popped into town and just realized that your house was listed and they want to see it but they’re leaving town tomorrow. And you said 24 hour notice and the showing service is hardcore about that. If you said 24 hour notice and someone calls at 10am on a Tuesday lock it I cannot show it at 9am On the next day. Like it has to be after 10. So if you need a night to prepare, I say do 12 hours at the max. You know no one’s making appointments middle of the night, right? So if you give 12 If you say I need 12 hours notice then at least you have enough time to wake up in the morning and know that your bed needs to be made. Yeah, right. Yeah. Or be too restrictive. You just live nearby me work nearby and you just need to get there to get the dog say I need an hour notice or two hour notice. The more restrictive you are the less showings you will get. Right right. Like you can’t if you can’t, you gotta make it easy and frictionless
for people to see your home. Also for showings, you will want to consider the things that are in your home. You know, things of value small electronics, jewelry, firearms, if you have any prescriptions like you just want to be mindful skin.
Okay, yeah, things really should not stay in your home. Yes. Your your buyer should be accompanied by their agent are all good. Or all buyers good people. I can’t I can’t say yes. Right. Right. Right. So even if an agent is there with them and watching them, there could be two of them. Someone could be in the you know, bathroom digging through your prescription meds, you’ve got to take that stuff out of your home for safety. Yes, okay. So just have your little GO Box of the things that you can’t leave there, grab your dog, wrap your GO Box, and you can take it on the road, go drive around the neighborhood for an hour until you know, it’s time to go back. So just be mindful that these are also safety concerns where you return home. And I think we have this in maybe the the you’re gonna get the showing instructions. If you request the interview questions, you’ll also get our showing instructions. So they’re on the website as well
on how to prepare for a show. Right.
But you you need to check for safety when you return are all of the windows and doors still locked? You know, we just need to be careful because we’re letting strangers into our home. We hope these strangers have been vetted by their agent but we cannot assume that much. Right. Right. Right. And if you have an open house, amplify that these are definitely these are strangers that are not vetted. They’re not even vetted or baby’s being babysat. They’re just there can be anybody who wants to go unlock a window and come back later. Right. Right, right.
Do we want to talk about open house while we’re on that?
I think not too much, because we have a whole episode on it.
All right. When would you do an open house? I do not mark it?
I do. We’re different. I do not like to do open houses the first four weeks. I want to force people to make an appointment. Yeah, to be honest. I have not got so during COVID there weren’t really any open houses. I have not really adopted them back into my marketing yet. Yeah. Because of the safety aspect of it. I’m feeling like when your house is for sale, if you want to see it and you’re a real buyer, you make an appointment, right? I think open houses can be helpful. They’re just not a huge part. And I still do them from time to time. They’re just not as big of a part as my marketing plan was as they used to.
And I don’t think that an open house is going to be the reason why you do or don’t sell your house right like you do. But there are safety concerns. Again, they are strangers if that makes you uncomfortable. You can totally sell your house without ever doing an open house.
It is funny because the few times that I’ve like listed law enforcement houses they’re like we’re not having an open houses like they just
know, right? They know.
They know too much. They’re like I know open houses. If someone wants to see our house, they can make an appointment with a professional suit.
Keep in mind, do you like your agent? Do you want something bad to befall them while they’re in your home? No, I mean, if they’re there alone, it’s dangerous. A dangerous condition. Yeah, could be. Okay. So we’re gonna move on from open house. If I do them, I usually would do them like the second week, maybe? Yeah, but I don’t include it any more. Just for that reason. I’ll give the seller all the facts. And we’ll have this exact discussion. I’ll be like, it isn’t going to be the reason you sell your home. Sure. Now, do you have a very unique home that I need to be there for showings to help people understand that’s a totally different and I also tell the seller, anyone who calls the sign, I am going to be happy to show them once I’ve vetted them. Yes, no one is going to be turned away from seeing your home because we didn’t do an open house.
Correct. Okay. It’s always open with an appointment. Always.
That’s right. Okay, so what’s next?
Again, we don’t want to get too into our specific marketing, but but be asking your agent you should have already asked during the interview, you know, things that they do to market the property. So the marketing is happening. So let’s fast forward to getting an offer. I think so
why not? Anything I missed before that? Um, no, you told them about their they got their email, once it was listed, they got a copy of all their ducks. I feel like we’re good to Oh, I do want to put a little quick note in there about home warranty. I don’t know about what type of home you’re in or how old it is. Home warranties can be good. And they can mean not so good. But there is an option to purchase a home warranty that covers your listing period, you just have to pay for the whole thing for the buyer at closing. Yes. Okay. So if you feel like well, I’m really worried about my AC feels like it’s getting old or my you know, my water heaters, whatever. got old things in your house and you feel like you really need to like you’re nervous, you could always get that home warranty coverage.
They offer seller coverage, right. So ask your agent. So while yes, while your home is for sale, you could be covered by a home warranty. With the caveat that when you have an offer you are you have to you have to purchase them a home warranty.
So it’s fine. You know, yeah, I’ve had clients who had success with them. I’ve had clients who were like, never again, so I don’t know what you do your own research. Okay. Do we do we didn’t really give all the showing instructions, but they can get that if they get the freebie. Okay, moving on. Anything else? You got an offer? That’s where we’re at.
Right? We have an offer Mr. Seller, I would love for you to let’s see,
this is just my checklist from the listing period. We’re showing you two from right before the and then I have my checklist from contract to closing. Oh, man.
My point is,
it’s a lot. It’s a lot. It’s a lot and I don’t want to be too
much longer than an hour for y’all. I’m
not trying to like make it up. But like we’re doing on time. We have we have can you get through the rest of the process and 15 minutes? Yeah, let’s go. Okay, we can do this. Okay. De Bresse. Everyone, just take a moment. It’s not impossible to sell your home. People do it every day. Now we have an offer,
we have an offer. This is so exciting. I think what happened you think what happens what happens at this point, as the agent, I am checking the pre approval letter, I have an email template that I send to the lender with a copy of everything basically saying, Hey, I just got this offer from you. I just want to make sure you feel good about the close date the terms of the offer, right? Is there anything the lender needs to know? Is it in a flood zone that requires flood insurance? You’re kind of just vetting the information you’ve been given? You don’t want to just blindly take any offer? No, you need to do some research, not you, your agent or agent is already for you adding Okay? Talking to lenders that are great. The lenders without the lender we can’t get to closing if it’s a cash sale, you need proof of funds, follow up with that bank and make sure they’re a real bank and that these funds are readily available. So the money you have to do your
money. And yes, with a cash offer you eliminate some of the obstacles of a loan, but money is money. So it I don’t know that I would say take a lower cash offer because it’s cash, I would be like, well, I want the most money I can get for my home. Yes.
Okay, now is also a good time to plug in numbers to your net sheet, your agent should be doing this for you to say based on this offer with the price they’re offering. And if they’re asking for closing costs, this is what your essential wall would look like at closing. How do you feel about this? Right? What do we need to counter or is there anything in here that we’re not sure about? Okay. So you really have to understand your numbers at this time for sure. meet your deadline. If they say we need a response by 5pm Please get them a response by 5pm
Also, this is your only chance to negotiate any of the terms as a seller. Once you sign this you are locked into a legal contract. Yes You need to know if the closing date is a day you’re going to be out of town, you need to know if you need an extra day after closing to move your stuff out. If you don’t ask for those things to be changed or added, you cannot do it later, the buyer is not required by law to make those changes for you. So you would basically have to be a squatter in your home? Yes. If you really well, I can’t be out at closing, right? Because the process is i Yeah, you have to be out when when the papers are signed, you hand them the key and your stuffs should be already
out. I have sellers that it’s hard because you don’t want to start packing until you’re through the inspection period. Okay, so once you’re under contract, it’s still a very fragile time. Yes. And you still want the house to look somewhat decent and clean for when the appraiser comes after inspection. Yes. But then. So that’s why we are we do spend so much time I know you and I do on the front end for sure of getting the house ready because I tell my sellers, listen, once we are under contract, you have 30 days to get out,
right. And you know, and I don’t want you to pack it up until the appraiser has been there. So let’s call that day 14.
So you have about two weeks, two weeks to empty the home. So if it’s not coming with you to the next home, I don’t want it in this house but you’re like get get it.
That’s the great point get it packed up or moved out or in storage pre
listing getting your house ready for photos is stage one of move it is they call that artha moving packing pre packing. Okay, all those like Christmas decorations and whatever, you know, get a storage unit, chunk it whatever you got to do just start that process so that when the clock is really ticking, you’re not totally overwhelmed. It’s always more than you think it’s going to be to get out. It’s a lot to get out of a house. So that’s the biggest thing you know, if it says you have to be out by March 6, I have clients that on March 5, the only thing left in the house is a mattress Yeah, everything else is in storage or where they’re growing right. And the next morning, they wake up and they put the mattress in the U haul and they drive to closing and they unload it at the new place. So there’s different ways to go about this. Okay, but stop right there.
If you are a seller, who is also a buyer, that is a very nuanced process, they have a full episode on Okay, so if you need to know all of the information about how in the world what I buy and sell at the same time, go listen to episode number 65. If you’re going to just sell and maybe you want to buy later or you just want to know more about the buying process, that’s episode 181. Okay, so these are our our three consumer episodes. Normally we’re talking just to our agent friends, but Lucky you. Everyone gets to hear this story. Yeah. Okay. So you got the offer. You’ve looked at all the terms, you’ve accepted the offer,
or countered, but at some point, you came to an agreement, check your contract. Whoa,
what happens next?
I have a seller under contract email.
Relative tell us what happens. Okay. So
in the email templates, we do have a email sent to the sellers with the important information they need to know what is your close date? What are the things in the purchase agreement that have to stay with the home when you move out? Okay, great.
Let’s go back to that. When you got your contract, you need to be aware if they ask for your refrigerator or your washer or dryer to stay or if you’re trying to keep something that’s installed to the property like a light fixture. You have to negotiate all of this during the contract drapes
and wine coolers have been a big point of contention in certain things. Is it too easy?
Anna the drapes and the blinds and the rods? They all stay? Yeah, the contract is written. Yeah, but it is a well Oh, these are my you know, drapes my grandmother made I gotta take these
row know that what it says right? It says in the contract that you signed your agent
and your location can tell you what happens in your contract. But be aware that you need to tell someone you can’t tell me later. I’m taking the 500 pound failing out of the backyard? No, no.
And a lot of that too is covered on our homeowner information sheet if there are things that don’t stay, but you need to be mindful of all of that and tell your agent tell your HOAs put it on the list. Okay, fine. I’m sorry. Go back buyers are now moving into the inspection period. Right. So now they are going to have a home inspection and you’re going to keep it looking very nice. It
needs to look just like they did the day they walked in and you’re going to expect on the day of inspection for the Inspector. Yes, maybe maybe like a termite inspector or right maybe some other type of inspector moldings but who knows any number of inspectors might be there. The buyer might be there. Maybe the buyers mom and dad are They’re maybe their kid, maybe their friend, there may be a trail of cars down the road of all the people who want to get in there during the inspection.
This is the buyers time. This is the buyer show as many. Some people think that the home inspection is just for the home inspection. This is also their time to get estimates if they need new flooring, right to get estimates, if they’re getting a designer to show anybody whose opinion matters the most to them. This is the buyers time, right to dive in and look closely. So there could be a lot of people at this home inspection, which is okay, fine, fine. That’s there, right? There was time
illegally. They’re all supposed to be respectful and not do anything crazy in there. But they they’re allowed to be there. Yeah. Okay. Now they make a repair request, possibly, or they ask you for money to do some repairs. I don’t think we’re gonna get deep into this. But we have a whole episode on inspection. It’s another point of negotiation. You and your agent are going to negotiate with these people based on what they’ve asked for, you could
do repairs I prefer especially when I’m representing the seller that you offer money instead of repairs, right? Because you can get that wrong, right? They will come back right before closing to do a final walkthrough to check repairs that you agreed to. Sometimes the way a seller does a repair is not the same way the buyer would do the repair. But if you negotiated money, there is no discrepancy.
Money is money. Yes. Here’s the $500 you do it yourself right? Or if maybe you’re packing and you’re busy. You just don’t have time to tackle these repairs. Or get someone lined up to do them all for the money. Yes, it’s just way more streamline okay. Are we past inspections?
I think we can be in pest inspection. Okay, so typically, the buyers don’t order the appraisal until after the home inspection.
And this is now the end of their basically their out the period of time when they could cancel for any reason, right?
So start ranking allow a hot tip for you
don’t go on social media the day you get an offer and say I sold my house, you are so far from selling your house, it is not even funny, we still have a ways to go you like to happen. Now we have basically eliminated this obstacle. We’re through inspections, the buyers cannot cancel for any reason right now. Cool, right? Okay, good news,
there are still some contingencies that have to happen. Okay. What does that mean? That means like it is contingent on an appraisal, was your contract contingent on an appraisal? So I do find it you know, I don’t think about it. But the public sometimes confuses inspection and appraisal, right. Inspection is checking the house itself. This is a major systems of the house. Are there any safety issues? They spend a lot of time in the attic on the roof checking outlets? The appraiser is checking value.
Yeah, because the bank doesn’t want to give you money unless the house is worth the money they’re giving you correct, right.
So they send the appraiser out to check the contract price. Yeah. And make sure that we’re good to go. If for some reason it comes in low, right, less than your sales price. Yes. So if you’re under contract for 300 and it appraises for 280 It opens back up for negotiation, you do not have to come down on the price but the buyer could walk away they are allowed to they are allowed to walk away if you don’t come to an agreement, so it just opens back up for negotiation. There’s
a little side note here if this is a certain type of loan, like an FHA loan and it came back low that appraisal sticks with your home for six months. Okay, so that’s just a whole nother thing but something to think about just yet maybe you’re you’re kind of stuck if you
very very strongly believe that the appraisal was wrong and you have good ammunition, they are wrong. Sometimes they are and your listing agent should submit what’s called an appraisal dispute. If you have ammunition that would actually change the appraisers opinion your agent through the lender will dispute the appraisal with the data that was not used in the appraisal you already have or list whatever discrepancies they found Okay, and then corrections could be made or corrections could not be made sometimes I have submitted excellent appraisal disputes only for the appraiser to say I disagree with you. I’m leaving at the site and it happened is they’re allowed to have their opinion I’ve also had an appraiser change it from 495 to 515 Okay good. I have had success I have not had success.
Oh yeah. Oh I’ve had them change it by $1,000 Oh,
thank you. Wow.
Wow. We but again your your agent is going to help you navigate that appraisal process. Now once the appraisal comes back is good and everyone is happy. And your your agent has checked in with the lender and everything seems to be moving. I think now you can pack
really start packing. I tell my sellers Fast and Furious, right. Once you have a move out date, whether it’s movers are coming or we’re moving out this weekend. I always tell my sellers like just recheck in with me. Yeah, so we can triple check with the lender. And I email the lender because I want it in writing. Yeah, in case something goes wrong, right. Hey, lender, my sellers are actually moving out of the house this weekend. Right before they do this, I have got to make sure we are looking solid that there is nothing that concerns you at this time. Right? If they say, because there have been times where they said, Actually, we’ve been working on this situation we have, we might need an extension. Yeah. Check before you move out just to make sure things are still moving along. Agree.
Okay, what’s next? Well, they packed up you packed up yet. Now they need to one week out maybe with if they did repairs, they need to provide the agent with the receipts. Maybe they can go ahead now and call their utility companies and schedule the utilities to transfer? Yes, don’t shut you are, first of all, you were not allowed to shut them off before closing.
If they show up for the final walkthrough. And there’s no utilities, you have to get them all back on.
Yeah. And look, you may be you moved out a week in advance, you’re going you’re moving out of state, whatever, you have to leave the utilities on current until you hand them the keys. And when you call the utility company to change over the utilities, you say I want to transfer and the buyer then calls after you and says I’m going to transfer and it’s a seamless, like they don’t get turned off. They just read the meters and then change the name. Yes, we don’t want the buyer to show up in them to be off. Correct. Okay, so we’ve done our utilities. Really, I mean, in order to close all a seller needs is an is a current ID. So make sure your driver’s license is up to date. Yes, right.
The title company should be sending you the Closing Disclosure, which should have what your check will be at closing they’re gonna send that within the last couple of days before closing. By law it’s supposed to be within three days of closing not only for buyers. Oh well but then if they haven’t done Why wouldn’t they do it? Yeah, I agree. So if you in that three day window they have it somewhere Yes, that’s cool. Yeah, the title guy would like my
numbers now with a seller they might be able to give you your numbers way in advance
and through all this process the title company has already reached out to you to gather information on your mortgage pay off your Social Security Number Don’t freak
out they need it. Yes. They have to know your social security number. Yes.
So they they’re going to be asking you some questions so you’ll you’ll know who your title company is at this point.
Okay, you’re making money on your closing Okay, great. The title company can hand you a paper check and you can take it to the bank they can also provide you with a wire wire fraud is very prevalent in the real estate industry extremely prevalent very prevalent and we do not want you to lose every penny of your equity over a wire fraud scam. Okay, so it’s fine you can get a wire but you need to see in person though the title person that’s taking down your account information or talk to them on the phone where you call them, not them called you Yep. Never ever, ever, ever, ever, ever give your banking information or change your banking like via email never okay. You want to make sure that you and your title person have talked about this phone
and they have heard this scammers have gotten very smart so like if it’s you know, Main Street title and it’s you know, Alyssa at Main Street title, they will make it Elissa at the Main Street tide right and ask you for your garden and you don’t even realize it’s a new email address. So you have to be so careful because this is happening email no email it is happening and that money could be gone so forever in my perfect world you would go to the title company to do whatever you need to do you agree that’s the safest way
safest even if Okay, let’s let’s talk about something you’re leaving town and you’ve moved to another state and you’re like what I can’t be at closing I’ve moved to another state fair not good news. We have a solution for you in Louisiana and I assume in most places you can give your power of attorney to on just this one thing just selling this house to someone else. I Katie have gotten the power of attorney for my clients many times me too. I am fully capable of showing up checking your numbers I actually make sure all my sellers verify them before I go yes, I can sign I can sign it’s very easy
for me your agent can sign for you a friend of your family member
Yeah, anyone? Anyone you choose. But you have to set up that power of attorney in advance of closing Yes. So they do need notice before you leave town you go over the title company sign what you need to sign you can do it from away it’s just a little more tedious and they have to overnight the documents because they need the actual originals. Yes. Okay. We all So did that talk about walkthrough?
We briefly mentioned that right before closing, usually within a day or two, but it could be up to five days. The buyers have a right to re walk through the property, check repairs, make sure you didn’t take anything that you weren’t supposed to like a refrigerator or drapes or whatever it may have been in your purchase agreement. Yeah. And this sometimes is their first time to see it empty. Please have it clean for them. Oh, yeah.
maybe some, some a nice card or information sheet about anything they need to know who will cut your grass. What are the neighbor’s name speaking of
grass, you have to leave your home in the same or better condition than when they wrote their offer. Your grass has to still be cut.
So once you go pending, don’t stop cutting your grass, your you cannot let
it just slide like the house looks. You can’t punch a hole in the wall when you’re moving out and be like, yeah, oh, well, no, my house No, your problem. This is still your problem has to be in the same or better condition.
Yes. So be very careful when you’re moving out, right? Because you don’t want any hiccups? Because this is like days or hours before closing. Yeah. So be careful.
Be very, very careful because they don’t have to go to closing. Yeah, if you don’t hold up your end of the bargain. This
is also where like you have to turn in all the receipts if you had to make repairs.
Okay, other things you need to bring for closing or leave for the buyer. All of the garage openers. Like if you have manuals about your appliances, leave them in the house please who put them in a kitchen drawer whatever all have a mailbox key? Yeah, storage shed key any kind of key attic key anything that is locked or needs a code? Right? I would bring the codes old alarm code. Yeah. And if you have an installed alarm, even if you’re not going to be servicing anymore, you they need the the main code to like reset it. Yeah. All these things?
Everything. Anything that you would want to know, right?
That’s always a great you were a buyer once did it go? Well, did it not go? Well? What did you wish you knew about the house when you bought it? Be that better? Seller? What day is trash day? Right?
Leave a note.
Let’s help them out. Okay, what else?
I think that’s pretty good. Okay,
you close, they give you your money. Hurray, congratulations.
We did it.
Maybe you’re not. Yeah, congrats, you made it happen. Now you want to make sure that you go and review your agent. However you appreciate review, whoever they asked you to review them. You know, I think that’s pretty much the situation, right? It’s great. Um, let me just make sure that we caught all of my notes, oh, I do want to do a really quick mention of multiple offers, okay. And we do have a whole episode on that. But really, from an agent angle. If you should happen and are lucky enough to get multiple offers, please do your very best. Even if the backup offer is slightly less take a backup offer, it will allow you to be a little bit more. I don’t even know the right word. You can negotiate better during your repairs of the offer you took if you’ve got a backup in place. Correct. So you can be a little bit more I don’t know, aggressive in your response,
right? Like, I’m not going to do these 25 thing and I want to do these because I have index one other offer, right? And then the buyer may go so
yeah, you definitely want to try and keep a backup offer in place. If you’ve got multiple offers in the beginning. Again, your agent should be providing you with your net sheet way in the beginning. So you should know your numbers from the jump. But there are seller closing costs. Yes, there are Buyer Closing costs. And there are sellers some costs that are associated with you canceling your mortgage that the title company needs to charge you. Yeah. Okay. So ask your agent, what those are. And I think that’s really the only other thing I wanted to mention is when you’re pricing your home, because this is the most important thing you do besides preparing it, prepare it price it when you price your home, you need to remember that once you start making price changes, like if you want to test the market and be aggressive with your price and but you’re going to lower the price in two weeks. Once you lower at once buyers will wait you out? Yeah, they’ll wait to see if you’re going to lower it again and again. And if you do, they’ll keep waiting and they’ll keep waiting. And that’s begins the game. No good. That’s the game. My broker once told me that you have to get two out of three things right in order to sell your home and that is price, location and condition. Okay, so as a seller, look at your price. Look at your condition. Look at your location. All right, you got to get two of those things. Three things right.
I like it. Okay, um, the other thing I wanted to make mention to sellers is resist the temptation to post your house coming for sale early, right in either like Facebook groups or next door groups. I have just found that it when you can list it, what like when you can post it with the amazing photos and no link, you have so much of a burden or Russian? Yes. If you don’t want it to be a dud by the time it’s finally listed, so
going on the open market is always going to net you more money than selling it before you hit open market. Okay, right. You just you want to have it out in the market where you could have competition, correct. If you posted in your local, like your neighborhood HOA group, and then someone’s like, Oh, my friend wants to buy it. And then the friend comes over like, Okay, I’ll buy you. You need to have that competition in order to get the most Yes, right. Yes. Right. And remember that? I don’t remember the percentage is pretty high. It’s worth having that agent. Yeah, it’s worth paying the money to have the agent. You’re going to likely make more money in the end on the house if you have the agent. Okay, so don’t do this to yourself. You don’t want to you have a full time job there. You already have a full time job. This is ours. This is ours. Perfect. That is a perfect way to end. Yeah, I’m sure that you guys will have questions. Please ask your agents. Feel free to share this episode with other sellers. You know, if you’re a first time seller, good luck to you. You can do this. Got this. You can do hard things so it’s going to be fine. Are we ready for a
toast? Yeah, so we end each episode with a toast from our listener. Right.
Okay, so we’re gonna have Jeanette just Jess up in St. George, Utah. Oh, toasting to Heidi. KPC S O S. Cap success. capsis. Sure, Heidi. All right. Let’s see what Jeanette has to say about a Ginetta. Okay, Heidi recently made the top agent and our brokerage for the state of Utah and closed over 20 million in sales this year. She has been an amazing friend and mentor to me and I wouldn’t be where I am without her. Oh, it’s amazing. So great. accomplishment. Wow, it’s amazing. Cheers to Heidi and thank you to Ginetta and to all of our seller friends remember we can share some great info with you. Hustle humbly podcast.com/listing If you need those interview questions or how to prep your home for a showing how to vet an agent will give you some some details. Okay, great. Okay, that’s it you guys thank you so much for listening.
Happy selling. Okay, goodbye. Thank you so much for tuning in to the hustle humbly podcast. Let us know who we should toast to for the next episode. Be
sure to follow us on Facebook and Instagram at hustle humbly podcast. If you have an episode topic or question please email us at hustle humbly firstname.lastname@example.org
Be sure to subscribe to the podcast and leave a review. See you next week. Bye.
This is the goodbye