All The Steps You Need To Know – And Do – To Sell Your House
Seller’s Guide Step 5: UNDER CONTRACT & FINAL DETAILS
At this point, you and the buyer have agreed to all of the terms of the offer and both parties have signed the agreements.
While under contract, the buyer will work with their mortgage provider to finalize the loan and perform other due diligence.
The buyer will usually perform a physical inspection of the home. They may even ask you to make certain repairs. Your agent will explain all of your options regarding the inspection.
Expect moving costs: no matter where you move, moving is expensive and time consuming. Even a local move of less than 90 miles, serviced by two movers and a moving truck, results in an average charge of $100 to $150 an hour.
Time is of the essence: not only is the move expensive, but timing is crucial: 65% of sellers also buy within 12 months. If you buy and sell at the same time, you may want to consider temporary housing so you do not have to worry about synchronizing your sale and purchase perfectly, which is rare.
Prepare to move quickly: The average time to sell a house is 60 days, from one list to another, so you need to be ready to move in a short time. It is imperative that you be out of the home on the closing date.
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