Price your home fairly
Research recent sales in your neighborhood, talk to home sellers and buyers, and check out the real estate listings in your local newspaper. You can also get an estimate of your home's value by searching for a house value calculator.
Hire a real estate lawyer
A real estate lawyer can guide you through the complexities of selling your home, from evaluating complicated offers and acting as an escrow agent to reviewing contracts and handling your home's closing process. He or she can also tell you what things, by law, you must disclose to buyers prior to a sale.
Market your home
Professional-looking lawn signs are one of the most important marketing tools for home sellers. It can also be helpful to create a detailed information sheet about your home, have your home listed on the Multiple Listing Service (MLS) and hold open houses to bring buyers to your home.
Negotiate offers
Buyers and sellers have an Attorney Review Period of approximately three days to cancel or amend an offer once it has been made. Before you accept, consider the contract terms as well as the offer price, and assess your buyers’ financial viability. Finally, if you feel the offer is insufficient, don’t be afraid to make a counteroffer.
Prepare for a home inspection
The potential buyer will hire a real estate inspector to examine the condition of your home. If you are concerned about how your house will fare when inspected, you may want to hire your own inspector first so you can address any problems before a buyer identifies them.
Expect a buyer appraisal
The mortgage lender will order an appraisal of your home to make sure the offer is in line with what the house is worth. The company may also order a surveyor to make sure that the property boundaries are properly laid out and order a title search to determine if there are any liens against your property.
Close the deal
On the day of the closing, the home's buyer will do a walk-through of the property to make sure all agreed-upon repairs have been completed.
All monies will be collected, any existing loans or liens will be paid, the deed will be transferred and insurance will be issued to ensure a free and clear title.
Note: Please refer to your state laws regarding the home-selling process as the customs and laws governing this process may vary.