Selling Process

The real estate selling process in Illinois generally involves the following steps:

  1. Determine the value of your property: Before you put your property on the market, it's important to have a good understanding of how much it is worth. You can ask a real estate agent to provide a comparative market analysis (CMA) of your property, which will give you an idea of what similar properties in your area are selling for.

  2. Prepare your property for sale: Once you have a good idea of your property's value, you'll need to make any necessary repairs or renovations to make it more appealing to potential buyers. This may involve cleaning, staging, or updating certain features of the property.

  3. List your property: You'll need to choose a real estate agent to list your property on the market. Your agent will help you determine the right listing price, create a marketing plan, and list your property on the Multiple Listing Service (MLS) and other online platforms.

  4. Show your property: Your agent will schedule showings of your property for potential buyers. You'll need to make sure the property is clean and presentable for these showings.

  5. Receive and review offers: When you receive an offer from a potential buyer, your agent will help you review the terms and determine whether it is a good fit for you. You can choose to accept the offer, reject it, or make a counteroffer.

  6. Negotiate the sale: If you receive an offer that you are interested in, you'll need to negotiate the terms of the sale with the buyer. This may involve discussing the purchase price, closing costs, and any contingencies that are included in the offer.

  7. Finalize the sale: Once you've agreed on the terms of the sale, you'll need to sign a purchase agreement and prepare for closing. This may involve making any necessary repairs or completing any other tasks required by the buyer.

  8. Close on the sale: The closing process involves signing the final documents and transferring ownership of the property to the buyer. After closing, you'll receive the proceeds from the sale and can move on to your next real estate venture.