To be able to close a deal successfully, you must be fully informed about every aspect involved.
Buyers who have made offers on your property will want to know about any recent improvements you have made on it as well as whether there are any structural defects in it. They will also want to know if there are any pending claims against the title of the property or if it has been foreclosed on and how much money is owed on it.
Before listing your home for sale, make sure that all outstanding maintenance issues have been addressed by getting quotes from contractors for repairing whatever needs fixing and paying them so that they don't come after you once the property has been sold—and even though these things aren't directly related to closing a deal, they can cause delays that might derail one completely if not taken care of before buyers begin showing interest.
As a seller, you need to confirm that your buyer is qualified for the amount they are offering and will ensure that they will be able to meet their end of the bargain.
To qualify as a buyer, you must consider:
- Their ability to afford the property
- Their credit score
- Their income level and employment status
- The amount of savings they have concerning preliminary costs (e.g., down payment, closing costs)
The agent will be a good source of information for both parties throughout this process.
They will inform both parties about all the relevant factors regarding their transactions and guide them through each step of the way including escrow and closing processes. The agent will explain what each step means, how it will affect you, and what is expected of you during that time so that there are no surprises down the road.
Consider costs
Before you sign on with a phoenix real estate agent, be sure to ask about the costs you’ll pay during the transaction. In addition to paying them a commission, you’ll also have to cover their expenses and pay for any additional services they might offer.
- The buyer pays most of the costs involved in buying a property—including fees associated with inspections, title searches, and recording documents at closing. They are also responsible for making repairs if needed before taking possession of their new home as well as paying taxes and utilities through escrow accounts until ownership transfers from seller to buyer (usually within 30 days).
- Sellers incur costs associated with selling their homes that include eliminating personal property items from inside (carpets, appliances), cleaning up outside (trash removal), and paying off any outstanding loans secured by liens against the property like mortgages or home equity lines of credit (HELOCs).
Conclusion
In closing, we can say that real estate agents in Phoenix play a very important role in their client’s home selling and buying processes. They help them navigate through the maze of paperwork, inspections, negotiations, and meetings that are part of the house-buying or selling process. However, a big deal is reached when the buyers and sellers finally sign on the dotted line.