BuyersStep 1: Get prequalified. Getting prequalified allows you to know what price range you can afford. This is an important first step because it allows you to know which homes you can actually make offers on.
Step 2: Start looking. Inform your agent what type of home you are looking for. Are there a certain number of rooms you need? A certain area you want? Your agent needs to know this so that they can find the perfect home for you. Step 3: Make the offer. Once you have found a home you'd like to make an offer on, tell your agent to do so. For owner-owned homes, you should get a response right away. Bank-owned homes may take a few weeks. |
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SellersStep 1: Figure out what your home is worth. Your agent should be able to give you an estimate based on the market rate of comparable homes in your neighborhood. Do not rely on websites like Zillow or Trulia. While they are great sources of general real estate information, they are notoriously inaccurate when it comes to valuation.
Step 2: List your home for sale. Your agent will usually have you sign a standard listing agreement. Ask your agent what they will do to market your home besides simply putting a sign up. Step 3: Accept or deny offers. Once your home is listed for sale, you should receive offers to purchase it. Remember, the purchase price isn't everything. Your agent should be able to inform you of which offers are the most desirable. |