Sales Process

The steps involved in selling your property certainly depend on what you’re selling, where it’s located, its condition, and whether or not a replacement property is necessary. But generally, the following outline fits many transactions:


1st- Client Specific Information - Each individual property and its owners are unique, and Re-Assurance relies on knowing that we have spent ample time gathering all the facts about that specific transaction. We collect detailed information pertaining to both owner and property. This is very important, as it’s our job to see that your bottom line is as large as possible at the closing table- and details count.


2nd- Comparable Market Analysis - An accurate look at what the market will bear for a given property is the next step. Through a detailed valuation using the best sold, active, and under contract listings- RE-Assurance will help you determine a likely range of value for your property.


3rd- Estimated Seller’s Net Proceeds - At this point, using the estimated market value of the property- we carefully ascertain the net proceeds from the sale after subtracting closing costs, sales fee, loan payoffs, and any other encumbrances.


*If you’re buying a replacement property-these additional steps are added:


A. Obtain loan pre-approval given the estimated equity in your existing property. (Send us an e-mail, and we’ll quickly get you in touch with qualified lenders.)
B. Given your pre-approved price range, we’ll then take a look at homes in your area of preference to ensure there are suitable replacements.


4th- Marketing Your Home - We implement our comprehensive and detailed marketing plan, which has two primary goals:
1. To sell your property at the top of it’s range of market value in the shortest possible time.
2. To keep you informed in a continuous and thorough manner throughout the sale and escrow periods.


5th- Receiving an Offer - Re-Assurance will carefully negotiate any offers, once the credit-worthiness of the potential buyers has been scrutinized.


6th- Inspection - The buyer has a given period of time according to the contract in which they may object to the condition of the property, or terminate the offer. Any items requested will be negotiated carefully, and will meet the Inspection Resolution Deadline.


*If a replacement property is needed- we are now in a strong position to write an offer on the new property: We have the existing property under contract, and the only hurdles are appraisal and loan commitment.


7th- Appraisal - The purchaser will typically have an appraisal ordered once the inspection items have been resolved. Re-Assurance works in conjunction with the appraiser when necessary to provide good comparables, and assist in meeting value for the appraiser and our sellers.


8th- Loan Commitment, Closing! - Once the appraised value is received and accepted by the lender- then the rest of the necessary documentation will be completed and a loan commitment will be issued. All that’s left is giving title to the property at closing, and the transaction is complete. (Hopefully a tidy check will be yours at this point!)


* A replacement property typically closes at some point after the closing of the existing property.