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🏡 Home Seller’s Timeline & Responsibilities

🏡 Home Seller’s Timeline & Responsibilities

🏡 Home Seller’s Timeline & Responsibilities

Below is a clear, comprehensive Home Seller’s Timeline outlining the tasks and expectations for the Seller, Listing Agent, Escrow, and Lender at each stage. I’ve organized it step-by-step so you can easily use it as a checklist or planning guide.


1. Pre-Listing Preparation (2–6 Weeks Before Going Live)

✅ Seller Responsibilities

  • Declutter, depersonalize, and clean the home.
  • Complete minor repairs (paint touch-ups, leak repairs, bulb replacements).
  • Provide property details to the agent:
  • Gather important documents:
  • Allow professional access for photos/inspections.

 

👩💼 Listing Agent Responsibilities

  • Provide a Comparable Market Analysis (CMA) to determine pricing.
  • Advise on staging, repairs, and improvements with the highest ROI.
  • Hire and coordinate:
  • Prepare listing materials: MLS description, floor plans, brochures.
  • Create a marketing plan and timeline.
  • Ensure required disclosures are prepared for signing.

 

🗂️ Escrow / Lender Involvement

  • None yet—they become involved once an offer is accepted.

 


2. Listing the Property (Week 1)

✅ Seller Responsibilities

  • Keep the home clean and show-ready.
  • Approve showing times and provide easy access.
  • Leave the property during showings and open houses.

 

👩💼 Listing Agent Responsibilities

  • Publish the listing on MLS and syndicate to major real estate sites.
  • Launch marketing campaign:
  • Conduct open houses and private showings.
  • Track feedback and adjust strategy as needed.

 


3. Receiving Offers (Varies: Days to Weeks)

✅ Seller Responsibilities

  • Review offers carefully:
  • Ask questions and decide: accept, counter, or reject.
  • Sign the accepted offer electronically.

 

👩💼 Listing Agent Responsibilities

  • Present and explain all offers.
  • Provide net sheets (estimated proceeds).
  • Communicate with the buyer’s agent for clarifications or counters.
  • Draft counteroffers.
  • Ensure all signatures and contract details are completed correctly.

 

🗂️ Escrow Responsibilities

  • Once the offer is accepted:

 


4. Under Contract / Buyer Contingency Period (Typically 10–21 Days)

✅ Seller Responsibilities

  • Allow access for inspections, appraisal, and contractor estimates.
  • Review and respond to buyer repair requests.
  • Complete any agreed-upon repairs.
  • Provide additional disclosures if requested.

 

👩💼 Listing Agent Responsibilities

  • Coordinate inspection appointments.
  • Assist in negotiating repair requests or credits.
  • Provide required property disclosures.
  • Monitor the buyer's progress on loan approval and appraisal.

 

🏦 Lender Responsibilities

  • Order the home appraisal.
  • Verify the buyer’s financial documents.
  • Issue loan disclosures and conditions.
  • Work toward loan approval (final “clear to close”).

 

🗂️ Escrow Responsibilities

  • Hold funds securely.
  • Distribute disclosure packets.
  • Track contingency deadlines.
  • Manage earnest money (refunds or release depending on outcome).

 


5. Appraisal & Loan Approval (Typically Days 10–25)

🏦 Lender Responsibilities

  • Review appraisal and notify parties.
  • Request additional documents from the buyer as needed.
  • Issue the loan approval.
  • Coordinate with escrow for final loan documents.

 

👩💼 Listing Agent Responsibilities

  • Communicate appraisal results to the seller.
  • Negotiate if the property appraises low (price reduction or buyer paying the difference).

 

✅ Seller Responsibilities

  • Continue to maintain the property.
  • Be prepared to negotiate if the appraisal is low.

 

🗂️ Escrow Responsibilities

  • Update all parties on the loan doc arrival.
  • Prepare estimated closing statements.

 


6. Closing Preparation (Final 5–7 Days)

✅ Seller Responsibilities

  • Schedule a signing appointment with the escrow/closing attorney.
  • Review closing statement (net proceeds).
  • Complete move-out by the agreed date.
  • Transfer utilities on the possession date.
  • Leave keys, garage remotes, and manuals for the buyer.

 

👩💼 Listing Agent Responsibilities

  • Review closing statements for accuracy.
  • Coordinate walk-through with buyer’s agent.
  • Confirm move-out condition and key transfer.

 

🏦 Lender Responsibilities

  • Send the final loan package to escrow.
  • Fund the buyer’s loan.

 

🗂️ Escrow Responsibilities

  • Prepare the final settlement statement.
  • Notarize seller signatures.
  • Receive loan funds from the lender.
  • Disburse funds:

 


7. Closing Day

🗂️ Escrow Responsibilities

  • Record the deed with the county.
  • Confirm transfer of ownership.
  • Release funds to the seller (wire or check).

 

👩💼 Listing Agent Responsibilities

  • Confirm recording.
  • Hand over possession to the buyer.
  • Close out MLS listing as sold.

 

✅ Seller Responsibilities

  • Hand over all keys and vacate the home by the agreed time.
  • Celebrate! 🎉

 


✔️ Summary Checklist by Role

Seller

  • Prepare the home and provide disclosures.
  • Approve showings and maintain property condition.
  • Review offers and negotiate.
  • Complete repairs and move out on time.
  • Sign closing documents.

 

Listing Agent

  • Price, market, and negotiate the sale.
  • Handle documentation and disclosures.
  • Coordinate inspections, appraisal, and timelines.
  • Support seller throughout closing.

 

Escrow

  • Hold and disburse funds.
  • Manage paperwork and deadlines.
  • Facilitate signing and transfer of ownership.

 

Buyer’s Lender

  • Approve the buyer financially.
  • Order appraisal.
  • Provide loan docs and fund the loan.

 


A smooth, confident home sale begins with the right partner. Connect with me today to take the first step.

Tina Lucarelli - Realtor - The ONE Luxury Properties, Inc. - Westlake Village, CA 91361

DRE 02102354 - (310) 738-8089

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