seller services

Seller Services
Setting the Stage
1. Setting the Stage

Your Fore Premier Properties agent will discuss your goals and motivations, present a custom marketing proposal and review your property's condition. From applying a fresh coat of paint to rearranging furniture, we will assist to ensure the property is visually ready for showing.  Your agent will prepare to market your property by scheduling a professional photoshoot, virtual tour, gathering property information and writing listing description​.  

Making Connections
4. Making Connections

Your agent continuously leverages professional contacts to find ideal buyers brokers.  Open houses are hosted for both brokers and clients on an ongoing basis.

Optimizing the Offer
7. Optimizing the Offer

Following an offer, your agent contacts all interested parties, reviews the offer terms, and communicates all counteroffer options with you.  The contract is negotiated, accepted, and circulated to all parties. 

Going Live
2. Going Live

For the duration of the selling process, your property will be showcased on the Multiple Listing Service(s), ForePremierProperties.com, and syndicated across our 750+ partner websites to drive interest among prospective buyers and their agents. 

Building a Strategy
5. Building a Strategy

Your agent conducts an assessment of the market response within the first few days your listing is live.  Feedback from agents and buyers is aggregated, and the listing strategy can be revised if necessary.  

Contract Details
8.  Contract Details

Your agent observes and records all contingency periods throughout the in-contract stage.  A property appraisal and home inspection take place, and any further negotiations are managed.  All financial and supplemental information is collected and submitted to the escrow agent.  

Spreading the Word
3. Spreading the Word

Your agent will develop and execute a marketing plan.  The Fore Premier Properties marketing team produces beautiful print collateral to strategically showcase your property.  Eye-catching property signs are produced and placed outside your property.  ​

Measuring Success
6. Measuring Success

Your agent provides frequent updates and continuous traffic metrics.  

Completing the Close
9.  Completing the Close

A date is set with the title company; meanwhile, your Fore Premier Properties agent will provide resources for repairs, moving details, and transfer utilities.  Your agent arranges the finalwalk-through and finally the closing, at which timne the keys are handed over to the buyer.

Black background

APPRAISAL

Assessment of the property's market value, typically done for the purpose of obtaining a Mortgage.

APPRAISER

The lender will hire an appraiser to place a value on the property before approving your loan.

ATTORNEY

You are always welcome to seek outside legal counsel on the contract.

DEBT-TO-INCOME RATIO

The percentage of an individual's monthly gross income relative to the amount of debt owed.

EARNEST MONEY

A deposit made by the buyer in good faith that they’re going to purchase a home.  This is money that the buyer won’t get back if they decide to back out of the deal for a reason not specified in the contract as one potential remedy available to seller in the event of buyer default.

ESCROW

In real estate, escrow refers to an account in which funds related to the transaction are held by a third party.

 

ESCROW AGENT

The third party that is responsible for holding any funds during the real estate transaction, typically an escrow or title company.

HOME WARRANTY

A policy that covers the cost of replacing or repairing many home appliances and systems if they break after the buyer has purchased a home.  Referred to as a Residential Service Contract in the Purchase Contract, home warranties are not required, but are often purchased by a buyer when they close on a home.  The seller is usually responsible for paying the cost of the buyer’s home warranty.

INSPECTION

You are encouraged to have the property you want to buy inspected by a licensed inspector of your choice.  You should have the inspection completed during any option period.  If there are issues, we can determine the best way to move forward.  Any obligation to complete repairs or credit in lieu of should be resolved and in writing before the option period expires.

 

LOAN OFFICER

The loan officer represents a financial institution and provides a loan to the buyer.

key terms

OPTION PERIOD

A specific timeframe in which the buyer is able to terminate the contract for any reason without risking their earnest money deposit.

OPTION FEE

A non-refundable fee paid by the buyer to the seller at the beginning of the option period.  In the case that the buyer terminates the contract during the option period, the seller has the right to keep this money.  Generally, the fee is credited back to the buyer at closing.

PRE-APPROVED

Advanced approval from a bank or other lending institution for a home mortgage.

PRE-QUALIFIED

Potential buyers provide an overall financial picture and mortgage brokers provide an estimate of what level of loan you will likely be pre-approved for.

SELLER'S DISCLOSURE

A form required by sellers of previously occupied single family residences and is to be used in conjunction with a contract for the sale of real property.  It contains information required to be disclosed by Section 5.008 of the Texas Property Code regarding material facts and the physical condition of the property.

SURVEY

A document that identifies the location of boundaries, major improvements, fence lines, drives, encroachments, easements, and other items on the property.  The contract will typically contain a provision that identifies who is responsible for obtaining a survey and the right to object to encumbrances to title disclosed in the survey.  

TITLE COMMITMENT: a document that discloses any liens, defects, or obligations that affect the property and outlines the terms and conditions that must be met before the title policy is issued.

 

TITLE POLICY

This is an insurance policy that protects the buyer if someone comes forward to claim ownership of the home after closing.  This lasts for as long as the buyer owns the property.

WALKTHROUGH

The buyer reviews the house just before closing to make sure everything is in the same condition and that all negotiated repairs are completed.