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Select Sellers Q/A

As a seller, how important is it to secure the services of a realtor?

Today it is a fairly common thing to find many real estate “for sale by owner” signs posted in communities throughout Texas. But with that approach it can be a challenges to sell your property within a reasonable time frame. As real estate has become a much more complex business, selling your home can be one of the most important financial transactions you will ever make. That’s why it is very important to secure the services of a licensed real estate agent or broker.


 

Why does it pay off to use a real estate agent or broker?

  • Establishing a fair market value that will enable you, as the seller to maintain the full equity from your home is vitally important. By leveraging the expertise and proven strategies of a professional real estate agent or broker, you’re not only more likely to sell your property at top market value, but also much quicker.
  • Real estate agents are equipped with the necessary skills and negotiating techniques to help you yield the best possible return on your investment.
  • There are great advantages in working with real estate companies that have a vast referral network and National multiple listing services that can help with corporate relocation programs. You’re instantly gaining access to a much broader audience and (qualified) prospects for your property—which in turn can often lead to a more profitable sell.
  • Agents and brokers are a close-knit community, who often share valuable insights and constructive ideas to help one another in moving a commercial or residential property.
  • During the final stages of a real estate transaction, there are a number of details and paperwork requirements necessary to complete the sale. Everything from building and termite inspection reports to home warranties, insurance and closing arrangements with the escrow, title agency, or closing attorney that must be handled.

 

 

As the seller, how should I be prepared for the closing?

Here are a few of the essential things that are important to have on hand prior to closing:

 

  • Be sure to bring a valid Driver’s License or Government Issued Photo ID as required by the Escrow Officer and Notary Public for acknowledgement of your signature.
  • Because Texas is a Community Property State, both the husband and wife (if applicable) will be required to sign the closing papers. Contact your Escrow Officer in advance to be certain.
  • If a Power of Attorney is being used for closing, the POA document must be reviewed prior to the closing. The original is required for recording and we must speak to the appointee the day of closing to ratify.
  • Be sure to have all garage door openers, keys, alarm system information, and any other pertinent property details available at closing. Also contact routine exterminators, pool and lawn maintenance, home cleaning services, utility companies and homeowners associations prior to the closing date. Please complete a “Change of Address” form for the U.S. Postal Service.
  • Please review the HUD settlement Statement/Closing Disclosure prior to the scheduled closing date.
  • Your Social Security Numbers are important to have when real estate property transactions are subject to IRS reporting.
  • Please have your bank information available for the seller’s proceeds by bringing a VOIDED check providing the wiring information for funding.