Is now the time to sell my Sherman Home?

 Is now the time to sell my Sherman home?




Considering why you want to sell your Sherman home is the first step

to make the decision to do so.

There is a shortage of homes for sale in Sherman, Texas. There are

more buyers than there are homes for sale. This sounds great for the

Sherman home seller, or is this really as good as it seems.

Buyers are qualified to purchase a home, and most of the time they

already have taken the time to speak to a local loan officer. The

potential buyers already know what they are looking for in a Sherman

home. They are well educated in the process of buying a home for the

most part. They have already qualified for a specific type of loan

program and know what they can spend on a home.


Does your Sherman home qualify for the loan type the buyer is

prepared to work with on the purchase?


VA or Veterans Administration Home Loan

FHA Federal Housing Administration

USDA home loan United States Department of Agriculture

Conventional Financing



Making the decision to sell your house, and understanding what you

need to walk away with is an important step. Give your mortgage

company a call and find out how much you owe. They can give you a

payoff over the phone or send it to you in the mail. Getting the amount

verbally is how most folks do this and then request it be sent to them as

well. This will give you peace of mind to better understand what you

will need to do in order to walk away with what you need.



Get an online home evaluation

We offer a FREE ONLINE HOME INDEX evaluation. This is a

quick way to get an estimate of your Sherman home. Please note that

this is only an estimate and does not take into consideration the

condition, amenities, style of construction, the age of the house,

possible upgrades you have done and so much more. The online home

evaluation is a wonderful tool to get the process started. The one on one

that we as Realtors provide is a much better source of getting a closer

value point.


Click here to receive your FREE HOME EVALUATION 




3. Fix up the house and do the obvious repairs

Take a walk through your house and look at it as a potential home

buyer would look at it. What do you see that you really do not see

because you live there and it just has become part of the house?


The first step is to do a really deep cleaning of the house. Get out the

step stool to clean the top of the stuff we often forget about, but with

that said to be careful. The tall buyer will see the top of items that we

really do not think about. Clean clean and clean some more. Calling a

professional cleaner might just be something to think about. Look at the

small things such as the plumbing fixtures are they clean and free of


Many experts recommend that you focus on the kitchen first when

preparing your home for sale. For many potential buyers, the kitchen is

the most important room in the house.   Since the kitchen has the power

to make or break an offer, you should do everything you can to enhance

it before showing your home to buyers.



Sherman Kitchen

4. Have a Pre-Appraisal done to determine the home price.


Have an appraiser give you an

official appraisal may be an

option that is appealing to you

as a Homeowner the cost is really not that much.  You will be able to

say the house has just been appraised at $$$$ dollars and will qualify

for this type of financing options. This will give you an advantage to

other houses on the market



5. Staging your home for Success….


This is a very important part of selling your Sherman house. We all

know that buyers buy on emotion, what they can in vision what can

they see and feel as they enter the home.


Set the mood that you are looking for, allow the potential buyers to feel

the house. After all, they are buying a house to make a home. When

you stage the property you are gaining the appeal of the potential


Professional home staging is a tried and true method used to sell a

home here in Texoma. Some advantages to home staging include fewer

days on the market and better offers. If your goal is to sell your house

quickly, go for a well thought out approach to home staging.



6. Now that you Sherman house is ready to be shown let’s talk about the showing process.

Some Real Estate Brokerages use a company called CSS or Centralized

Showing Service, which is a company that specializes in setting up

showings for your property. The cost is minimal, is a great way to keep track of the showings, and get feedback on what potential buyers

are thinking about your property. We will discuss with you the showing

process and what will work best for you. Some sellers want a more

personal way of setting up showings, which is understandable. We can

talk to you personally on setting up all showings, text and email you


We will place an electronic Key Box on your property

Supra lock Box

This electronic key box does not keep you

from entering the property. What is does do is

allow us to keep track of who is going in the

house and when they are entering the property.

Of course, if your house is occupied we will

always set up the appointment with you as we

have agreed upon. This is a subject that can be

discussed as to what works best for you.

Whether it is 24 hours’ notice or just a few

minutes this is something that we will work

with you on.


7. Holding an Open House …. 

Does it really work to hold an open house?

Well, that all depends on several items. Is your

property located in the City or out in the

Country? From my experience, if your

Sherman House is located in the City of Sherman an Open House may

just work well. If it is located out further and not on a well-traveled

road it most likely will not draw the traffic that is wanted. This is an

item that we can discuss in more detail and see if it is an advertising

method that would work for your property.


8. Negotiating offers…


An offer has arrived on your Sherman house. Oh, wait a minute more

than one offer has arrived what is the next step? 

Well, the first step is we will set down together and go over the offer

and/or offers together paragraph by paragraph page by page and see

exactly what the offer and/or offers are requesting from you.


As we look at the offer and/or offers are they cash, need financing,

close date is just a few of the items that are within the offer.


If it is the case that more than one offer has arrived on your Sherman

house what are your options?

My suggestion is to ask for highest and best on all offers, but that might

not be the best plan of action for you. As you look at the offers are they

solid offers? Is one more solid than the other?

Are there contingencies that might make you only wish to respond to

one of the offers?

That is what we are here to help you with. But in the end, it is your

decision. Accept one, counter one, or ask for Highest and Best to both

with a timeline to respond. Either way, respond to the offer and/or

offers in a timely manner. If you need time to respond say so there is

nothing wrong with needing time to think things through.


9. Accepted offer what’s next?


You have accepted an offer what is the next step in the process?


We will request the earnest money (add the page link earnest money

here) be sent to the Title Company that has been agreed upon within the

contract. This can be sent via mail, wired in or delivered personally to

the title company. Most Title Companies prefer a wire transfer of the

earnest money. Once the Earnest money is deposited the title company

will send a receipted page showing this.


When the contract is delivered to the title company and the earnest

money is delivered this is called OPENING ESCROW. This gives the

title company the terms of the contract the address and the ability to get

the title work started. During this process, the title company will be

contacting you via email or phone call to request information from you.



The Earnest money is at the title company, the execution date has been written on the contract.

Is the execution date something that needs to be written on the

contract? Yes yes yes this is the date that all the items within the

contract are set by. One of these items is the Termination Option.


10. What is a Termination Option?

This is a set amount of days that is agreed upon within the contract for

a nominal amount of money for the unrestricted right to terminate the contract within a specific amount of days from the Execution of the

contract. (The execution date is important here is a reason why.)


During this time frame inspection of the property is set and the inspection is done.

11. TITLE COMMITMENT will be delivered to the buyer and seller

for review. At this time you will review the document to ensure the

legal description matches the contractual agreement along with several

other items. Within this, you will find the restrictions and any items that

the title company might need clarification to give a clear title. The title

company that is on the contract will answer any questions that you may have.

The inspection went well, the title commitment is clear what is next?


12. The appraisal of the property.

The appraiser will set up an appointment to view the property.

Depending on the type of financing that you agreed upon will determine what the appraiser is looking for.

There are several types of financing options.


FHA, USDA, VA, CONVENTIONAL, and several others as well.

The Appraiser has been by the report delivered to the lender no repairs

are required and the value has been met. What’s next?

13. The lender submits the file to underwriting

The underwriter reviews the documents to ensure that all requirements

of the buyer and property are met. All requirements are met the underwriter has now given the clear to close. What’s next?

14. The lender will gather all the documents for the note or mortgage on the property.

These documents will be sent to the Title Company they will work with the lender to ensure all of the contractual agreement is met and properly documented. What’s next?

15. All documents have been approved by the lender and the clear to close has been given. What’s next?

16. The closing date will be set.

It is the closing day the time has been set. You have arrived at the Title

Company and ready to sign.

Both the buyer and seller have signed. The property is closed and funded.


17. Congratulations you made through the process of selling your Sherman TX home.

18. Hug your Realtor.

Helping real people creat real dreams. 


Is now the time to sell my Sherman TX home?






 What's my Texoma House worth

 Home Valuation Tool click here



Laura D Filip Broker/Owner CRS,CHMS,CNHS,RCC

 903-271-4978 cell phone text messages

855-483-9662 office contact number


Education is the first step to success and then action is needed to Succeed.

We are here to help with all of your Real Estate needs.


Comment balloon 0 comments1~Laura Filip • September 05 2019 10:36PM
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