What to Do While Listed
It’s easy to feel like you’re in limbo while your home is on the market, but there are plenty of ways to stay active and continue to work with your agent toward a successful sale.
There are various housing options available to sellers in the time between selling your home and moving into a new one, though it depends on your financial situation and whether you are in contract on your new home.
Open houses generate and drive buyer interest. Prepare your home for an open house by decluttering, thoroughly cleaning, and discussing with your agent what buyers in your area are looking for.
Your agent will handle negotiations with the buyer and provide guidance on how to proceed toward a deal. They will explain the contingencies included in the buyer's offer and how they impact the sale of your home.
Yes, buyers can back out of their offer. However, the outcomes of doing so vary greatly, depending on the terms of the real estate contract and the contingencies attached to their offer. What Happens After a Buyer Backs Out of a Real Estate Transaction?
Beyond the agent commission costs, which are typically between five and six percent of the purchase price, sellers can expect to pay a transfer tax, title insurance fees, escrow fees, and other closing costs before the home sale is final.
Curious what’s happening in the market where you’re thinking about buying a home? Read Windermere Chief Economist Matthew Gardner’s latest GARDNER REPORT featuring economic and housing updates.