Seller's Guide

Everything you need to know about putting your home on the market, accepting an offer, and closing on your home.

A Step-by-Step First Time Seller's Guide

Putting your home on the market can be a stressful process, especially when you don’t know what to expect. Fortunately, with the help of an experienced agent and this easy to follow guide, you can smoothly complete the process. Following these steps will help you prepare so you can get organized and sell your home for the best price possible.​​​​​​​

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Step 1: Understand Why You're Selling

What do you want to accomplish with the sale of your home? Do you want to make a certain amount of money that you can put toward a larger or nicer home? Do you need to sell it as soon as possible to facilitate a move to a new city or area? Once you understand your needs, you can better craft your offer. For example, if you need to sell quickly, you might want to price your home lower than if your goal is to make a certain profit margin. Make sure you convey these needs to your REALTOR® once you choose one so he or she can adjust your selling price accordingly.

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Step 2: Determine Selling Price

Knowing how to price your home is one of the most important parts of the selling process. When you set a fair price in the beginning, you’ll get the most interest from other real estate agents and prospective buyers. Overpricing your home could lead to reduced interest, and underpricing leads to receiving less than what your home is worth. Working with a real estate agent is the best way to determine the right selling price for your home. An agent with experience can determine what other comparable homes are selling for, evaluate the current market, and may even suggest a home appraisal.

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Step 3: Start Preparations

If you’ve kept your home in showroom condition since you’ve lived in it, you’re in the minority of homeowners. Once you price your home, it’s time to start getting it ready to be shown to potential buyers. This includes getting rid of clutter, depersonalizing the space so that buyers can envision themselves in the space, making any small repairs, and doing a deep clean to make sure your home is in pristine condition.

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Step 4: Develop a Marketing Strategy

I will develop a marketing strategy that is perfect for advertising your home. This involves listing the home and then driving the right people to that listing through social media campaigns, agent-to-agent referrals, traditional media, or SEO advertising. My team creates a marketing campaign that aims to get the most possible traffic to your listing in the first three weeks after becoming a client.

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Step 5: Evaluate Offers

Receiving an offer is an exciting part of the process, but it doesn’t mean the journey is over. I will evaluate each offer and make sure the party making the offer is prequalified or pre-approved by a mortgage lender and that their offer is acceptable to you. If the offer is too low, you can make a counter-offer or offer other ways to bridge the gap, such as covering some or all of the closing costs, making repairs, adjusting the move-in date, or leaving some appliances or fixtures for the new buyer.

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Step 6: Accept an Offer

Once I deem the offer is acceptable, I will review the proposed contract to make sure it’s all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date, and a list of fees and who will pay them. When both parties have agreed to the term, a final contract will be prepared by your agent.

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Step 7: Get Ready to Close

You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. I will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date, I will call the company closing the transaction to make sure everything is ready to go. If you haven’t done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.

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Step 8: Close

You’ve reached the last step in the seller’s process. When you close on a home you are selling, you are legally transferring ownership of the property to the new buyer. I will meet with the company closing the transaction to sign the final paperwork and go over any issues that have not yet been taken care of. During this time, you can also make plans with your REALTOR® to handle final details such as canceling utilities, cable, and lawn or trash services, changing the name on accounts that the new owner is retaining and ensuring the new owner has instructions for all appliances that will remain in the home.

Congratulations!

Once you have sold your home, you’re free to take the next step on your journey. Whether this is relocating to a new city, moving into a larger home, or downsizing and enjoying your life as empty-nesters, knowing all your selling responsibilities have been taken care of will help you achieve peace of mind for your new path.

Our Testimonials

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Marnie B

Marnie B

Nancy & Lance make a great team! Their combined experienced in the Aspen-Snowmass area is a definite benefit. They spent the time educating us on the area and ultimately, found us a beautiful home for our family, where we know ...
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Walter Q.

Walter Q.

When working with a real estate agent in a unique market such as Aspen, you expect knowledge of the market and a person with integrity amongst their peers. My experience in working with Nancy has greatly exceeded those expectat...
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Cristiano L.

Cristiano L.

I would like to recommend Nancy Patton as a great real estate broker to work with and doing business with. From the moment I met her I was impressed with her professionalism as well as her knowledge of the local real estate mar...
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Mike H.

Mike H.

We had the pleasure of working with Nancy in the spring of 2017. She was incredibly professional, attentive, and caring. She listened to our needs and was prompt in finding properties that matched them and then some. She also p...
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Ryan L.

Ryan L.

We have worked with numerous real estate agents in high-end and distinct markets such as Aspen over the years. Nancy far exceeds all expectations and experiences we have when working with an agent. Nancy is absolutely the best ...
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John S.

John S.

Nancy’s infectious personality and tenacious spirit make her a joy to work with. She is extremely knowledgeable about the different neighborhoods and the current market conditions. It was obvious that she had done a copious amo...
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Charles F.

Charles F.

Nancy and Lance gave me great guidance and service for my first home purchase. I didn't know them before. Zillow matched us, and I'm glad they did. Lance explained every step of the process to me. I ended up with an awesome pla...
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Penny C.

Penny C.

Nancy and Lance are a terrific team. We had never met them before and ended up purchasing a fantastic property through them. They went above and beyond every step of the way to make sure we had all the answers we needed in our ...
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Austin W.

Austin W.

Nancy is so kind with her time and goes above and beyond the scope of what is required in her role. Nancy is responsive and does exactly what she says she will do, which is, unfortunately, a rare trait these days. I would recom...
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Mike M.

Mike M.

Nancy and her team were very helpful. I had a bit of a situation and they helped me resolve it very quickly. Their communication and willingness to go above and beyond were very impressive. Can't thank them enough for their help.
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Kelly L.

Kelly L.

Lance was extremely knowledgeable and helpful. Nancy and Lance are very a creative team. They genuinely care and what to help you find your home. We appreciate them.
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Kate F

We had the pleasure of working with Lance & Nancy with Aspen Luxury Sales, and it was truly a terrific experience. Lance is down-to-earth, not pushy, and genuinely dedicated to his clients' needs. His honesty, patience, and pro...
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