Seller's Guide

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. We 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 we deem the offer is acceptable, we 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, we 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. We 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.

Testimonials

See why our clients love working with us.
John | BUYER AND SELLER

John | BUYER AND SELLER

Love Sarah’s work
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Luke J. | BUYER AND SELLER

Luke J. | BUYER AND SELLER

Great people who work very hard for their clients. Very happy with them. Highly recommend
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Mark G. | SELLER

Mark G. | SELLER

The process was seamless and we received a great price on the sale of our home. We have used them and referred others for the same wonderful experience.
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Brant N. | SELLER

Brant N. | SELLER

Not many in 2021 can say they sold their house pre-market (over asking) AND bat 1.000 by securing an amazing home with their first offer. We can though, and we have this awesome team to thank for all of it!
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Julian W. | BUYER AND SELLER

Julian W. | BUYER AND SELLER

The Polovitz group was great to work with. Paid close attention to our needs and made sure they communicated every step of their plans. We loved working with the entire team!
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Kristin B. | BUYER

Kristin B. | BUYER

Sarah epitomizes professionalism and class. She works extremely hard and cares deeply. She is excellent at communicating and is always looking for ways to be better. She is a top notch Realtor!
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Jason M. | BUYER

Jason M. | BUYER

Sara & team are as good as it gets to find you the best home!!
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Gary W. | BUYER AND SELLER

Gary W. | BUYER AND SELLER

Even though I had never met Kathy I was referred to her thru a Edina realtor that was located in my previous home town. She forwarded listings on line and eventually we connected when I sold my home and wanted to relocate. She ...
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Carol B. | SELLER

Carol B. | SELLER

Kathy is more than a fabulous realtor. While she has always exceeded my expectations with helping me personally, she has helped my friends that I have referred to her who have raved about her & sent her their friends. She is th...
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Dan C. | BUYER

Dan C. | BUYER

Sarah, Al and team made our home buying process nothing short of amazing. They are master communicators and negotiators, who make you comfortable every step of the way.
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Erin G. | BUYER

Erin G. | BUYER

Sarah and her team made a very stressful transition manageable! Ours was an unexpected move and it would not have been possible without Sarah’s prompt and precise action on our behalf. We could not have been happier with our ex...
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Jeff O. | SELLER

Jeff O. | SELLER

Great experience working with Sara, Al and team. Very helpful guiding us through the sale of our condo! Definitely will recommend the team to friends and relatives!!
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Karen L. | SELLER

Karen L. | SELLER

Overall, we were very pleased with Kathy and her colleagues. She was very attentive to us and the process. When we received an offer, Kathy was very helpful in bringing it to closure. Also the app that kept us apprised of showi...
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Michael T. | BUYER

Michael T. | BUYER

Kathy was instrumental in finding our lake home in Deerwood MN. She guided us through the process and negotiated on our behalf. I think she did and outstanding job at every phase of the process and will use her for the sale of ...
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Jeff O. | BUYER

Jeff O. | BUYER

My wife and I used Kathy and Sarah to buy a home a couple of years ago. They were very easy to work with. They asked a lot of questions to find the perfect home for us. The home buying process can be confusing and overwhelming....
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Alicia S. | BUYER

Alicia S. | BUYER

So many things to love about Sarah and her team. My favorite is the depth of her community connections before, during, and after the purchase of our home, that all enabled us to be where we are now, in this lovely neighborhood....
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Jamie K. | BUYER AND SELLER

Jamie K. | BUYER AND SELLER

Highly recommend Polovitz Group! We worked with them to both sell our current home and purchase new. Sarah, Al, and Dianne are best-in-class; we found their expertise, professionalism and impeccable communication to be incredib...
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Rachel M. | SELLER

Rachel M. | SELLER

Sarah & Kathy were amazing to work with selling our home! They have great experience, are very responsive & professional. We would recommend them to anyone in a heartbeat, can’t say enough great things about them!
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Jessica H. | BUYER

Jessica H. | BUYER

So happy to have worked with Al on my first home purchase! I think he knew what I was looking for before I did and he ended up finding me the absolute perfect place. Definitely took all the stress out of a very stressful and co...
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Michael C. | BUYER

Michael C. | BUYER

High Performance Professionals! Kathy and Sarah are amazing. I know many of their listing are sold before they are even listed in the MLS. In a few years, with the kids gone, my wife and I are looking at finding a smaller place...
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