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What are the steps of selling a home?

How To Sell Your House Step 1: Plan For Any Financing Needed For Your Next Home. Step 2: Choose A Real Estate Agent (or Go FSBO) Step 3: Get The Property Market Ready Step 4: Determine The Listing Price. Step 5: List The House For Sale. Step 6: Prepare Your Moving Plans. Step 7: Consider Offers As Received.

What is the federal law that governs residential home sales?

The Fair Housing Act, which applies to residential real estate transactions, prohibits discrimination on the basis of race, colour, national origin, religion, sex, familial status or disability.

What is a residential sales agreement?

A real estate purchase agreement clearly and concisely spells out the agreed-upon terms under which a buyer and seller agree to a real estate transaction. The completion and signing of a purchase agreement effectively places both the buyer and seller (as well as the property in question) under contract.

What are the stages of a real estate deal?

The Anatomy of a Real Estate Transaction Pre-contract period: This includes all negotiations prior to signing a contract. Due diligence period: This is the time for inspections. Financing period: Final financial arrangements are made. Closing preparation period: All documentation is provided to all parties. Closing.