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 real estate agent 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 real estate agent 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.

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Karl & Carol H.

Karl & Carol H.

Steven Miller Group exceeded our expectations beginning to end! Excellent, a job well done! After nearly 40 years living in East Greenwich RI and the Stone Ridge community, being retired we decided to downsize our 4 bedroom, 2 ...
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Carol B.

Carol B.

Steve and his team at SMG do an outstanding job! They first sit down to thoroughly understand your specific buying and/or selling situation and potential challenges are identified and discussed up front. With an excellent under...
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Joe & Katie

Joe & Katie

We've now worked with Steve and his team on 4 separate real estate sales and purchases. This most recent one was a three-family requiring so many moving pieces (coordinating showings, inspections, and appraisals with 5 tenant s...
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Seller

I was referred to Salvador when I started looking to expand my real estate portfolio, and I couldn’t be more grateful. From the start, he was attentive, sharp, and clearly experienced. One day, he brought me a very interesting ...
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Buyer

Sal with the Steven Miller Group was great to work with! He helped me get my house fairly easily despite all the challenges we faced, and Sal was always available and answered consistently and patiently all the time. I am so gr...
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Buyer

I originally met Salvador 2 years ago when I wanted to buy my first property. I ended up instead trying to buy a house myself without the help of a buyer's agent because I heard that it makes the deal more attractive to the sel...
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Mike & Jessica L.

Mike & Jessica L.

Steve Miller was great! He was very professional and sold my home in Rhode Island within 6 days and 35k over asking! He is very resourceful and great with communication. If you want your home sold fast in this complicated housi...
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AMY & JACOB T.

AMY & JACOB T.

Overall Steve was great to work with- he was patient with us explained every step of the way and overall ensured that we got the best possible deal for our house as well as the house we purchased (in 2020 during COVID-19). We m...
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SELLER

SELLER

It is my pleasure to share my experience in listing and selling my home with the Steven Miller Group at Coldwell Banker Residential Brokerage. Steve’s level of expertise in each phase of the sales effort was superior. His insig...
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KATIE & JOE P.

KATIE & JOE P.

We met Steven Miller as the selling agent for the first house my husband and I bought and were so impressed with him and his team that we reached out to him to buy our forever home and then again to purchase an investment prope...
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LISA S. & STEVEN M.

LISA S. & STEVEN M.

We were so lucky to have Steven Miller in our corner. I just wish we had found him sooner. He represented us for buying a new home, but stepped up and went above and beyond in helping with the sale of our home when things hit a...
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CATHY F.

CATHY F.

I found Steve to be highly attentive, returning all phone calls and e-mails on the same day. He is highly personable with an engaging personality. I interviewed three agents when I put my home on the market and was so impressed...
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RHIANNON H.

RHIANNON H.

As a first-time home buyer, I appreciated Steve’s guidance throughout the entire home-buying process. He was very knowledgeable of the neighborhoods I was interested in, and was able to suggest great properties for me to view. ...
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MICHAEL B.

MICHAEL B.

Steve knows the Edgewood/Pawtuxet Village area. His recommendations and the work he did helped us sell our house quickly, above asking. Similar homes were languishing on the market at the time we put ours up for sale, but we go...
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MATT & SUSANNAH

MATT & SUSANNAH

As first-time buyers, we appreciated that Steve was so helpful and informative while walking through homes together (and all of the steps involved.) He took the time to answer all of our questions and was a great resource in na...
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MARGARET & MARK L.

MARGARET & MARK L.

Steven was extremely knowledgeable. From the moment we met him we could see the wheels turning in his head as to how to sell our home for a good price. He sold it right away for a price we were comfortable with. It was the leas...
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MARY S.

MARY S.

Steven Miller went “above the call the duty”. Thank you very much for your patience, and kindness, and for putting up with me. It was great working with such a professional.
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Lindsay & Jason - Seller / Buyer

Lindsay & Jason - Seller / Buyer

My family and I can't thank the Steven Miller Group enough for leading us seamlessly through what was a pretty complicated real estate transaction. They helped us sell our home for well over asking, and spent time with us leadi...
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Amanda & Brian K.

Amanda & Brian K.

Steven is extremely responsive and worked to close a deal at all hours for us. He navigated us through this process seamlessly and with ease. He also had a great rapport with the seller’s agent, which helped.
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Bill B.

Bill B.

Steven Miller is a professional in every sense of the word. He was great at communicating and was helpful at every stage of the process. He has a great wealth of knowledge of RI, its real estate market, and its resources. Will ...
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