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