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 agent  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 realtor once you choose one so he or she 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 real estate agent is the best way to determine the right selling price for your home. An agent 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

I 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. My 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 agent.

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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. I 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 realtor 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.

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Susie W.

Ken helped us buy our very first home and he was a pleasure with us. He was always on point with sending us houses that were our style and within our budget, and he was quick to set up appointments. Ken was always available to ...
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Jim M.

Michaela and I are so grateful we had Ken as our Realtor®. Looking for a home during the COVID-19 pandemic was stressful. Demand was high and supply was low. It seemed everything we looked at was overpriced and we were outbid o...
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Dustin S.

From our first phone call with Ken to the moment we got the keys to our new home, Ken was by our side every step of the way, offering deep knowledge, patient guidance, and, when we were ready to make an offer, advocacy. Even no...
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Dianne

From the moment we met Ken we were immediately comfortable and knew we had a partner we could trust. Ken was professional, personable, responsive and so knowledgeable. We had worked, waited, and researched for nearly 3 years th...
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Nina & Ryan

Ken helped me buy my second home and I will use him again if I decide to move. It took a while to find my dream home and he was very patient with us and drove all over Ct looking trying to find the perfect house. He was hands d...
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Casandra

Ken was a fantastic Realtor® who helped me and my husband buy our first home. He was so patient with us and very knowledgeable, he was always available to show us houses right when they got listed and always made time for us. H...
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Linda M.

Ken Banks did an amazing job in a difficult market. He aggressively marketed our condo and worked all the nuances to make it happen. I would highly recommend Ken and his team. He kept us informed and in the end got us a fair pr...
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Bill

Ken is a true professional. He made the entire process of selling our house and buying the new place painlessly. We sold our house in 2 weeks for our targeted price. Ken helped us work out a very favorable deal on the purchase ...
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Vector

Thanks to Ken we purchased our property in Shelton Ct. He was always a text, email, or call away. When we had questions he was very responsive and worked hard to help us. Ken is "Old School" caring, patient, and listening. You ...
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Buyer

Ken has been our Realtor® for the past 7 years. We have bought and sold homes with him. He is very involved with details and always responsive to calls and questions. Ken listens to the details you are looking for and works ver...
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Laura F.

Ken Banks is a very caring, and knowledgeable professional, who went above and beyond to sell our home. He took his time with each and every phone call or issue that came up. He knew how to get the job done. I would recommend K...
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Brian K.

At first, we did not want to use a Realtor® at all in our home search but it was impossible not to use Ken's services. You will not find a Realtor® that will work harder to find the perfect house for you. I wouldn't recommend a...
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Brian K.

You won't find a harder working and more responsive Realtor®. Ken's honesty and hard work helped us find the perfect home. Ken is the only Realtor® I would recommend to anyone looking for their dream home.
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Britt P.

Ken is amazing. Not only for his knowledge of the town and top-notch marketing, but the way he gets to know his clients to understand all their needs.
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