HOME SELLING PROCESS

MY PROMISE TO YOU

Zero Pressure – Selling a home is a big decision. It can take time before you are ready to put your home on the market and finalize your next move. I never apply any pressure during the process.
Honesty – Being honest and transparent is the cornerstone of my business. I’m interested in building relationships and becoming your realtor for life, not just one transaction. Ask me anything and I’m happy to give you an honest answer.
Fast – Consumers are used to fast response times in our technologically advanced lives. I’m as fast as they come in getting you the answers you need.
Experienced – I launched my real estate career in 2003 and have helped countless sellers achieve their real estate goals over the years. I have in-depth knowledge of the entire home selling process and can guide you through it.
Successful Negotiator – Getting your home sold at the highest possible price is key. Successful negotiating is a skill I have honed over the years. It’s a delicate balance of being aggressive and personable.
Easy – You are busy with your everyday life and I am here to make the home selling process as easy as possible. We use electronic documents and signatures, so getting paperwork completed on your mobile phone or computer is fast and easy.

WHY NOA PORTER?

Noa is a detail oriented agent that brings over a decade of experience to the table. He understands the entire real estate sales process and manages transactions from beginning to end. He has honed his skills in marketing and negotiating and is excited to offer those traits for your next sale. Deciding to sell your home is a big decision and requires the right agent to ensure the process goes smoothly. Our goal is to sell your home for the highest possible price in the shortest amount of time. Every detail matters and my team and I know how to deliver.

WHY BIG BLOCK REALTY?

Big Block Realty was recently named the fastest growing real estate company in America. We are a full service real estate brokerage based in San Diego county. We are 800+ agents strong and are a group of experienced professionals that flat out know how to sell real estate. In just the month of July, 2019 we sold 492 homes for over $263 million in total transactions. We are customer service eccentric and understand the key to our growth is putting our clients and their needs first at all costs.

PRE-MARKETING: LET'S GET READY

Before putting a home on the market I do a thorough evaluation of the property. If some repairs, painting, or landscaping need to be completed we will analyse the home and figure out the best strategy. "Curb appeal" is a major factor in a buyer's first impression and taking the time to present your home in the best possible light can mean a big difference in the final sales price. We have an extensive network of local professionals, if needed.

Painting professionals
Landscaping professionals
General contractors
Cleaning crews
Handymen
Home staging specialists

MARKETING: IT'S SHOW TIME

We advertise on every major real estate website. We want to cast the widest net possible to ensure every buyer currently in the market knows your home is for sale. Whether the buyer offering to pay the highest price lives next door, or across the country, we ensure we reach all of them.

Mailing campaign to the local neighborhood.
Full color marketing brochures with HD photos.
Direct phone calls to local owners/renters.
Phone calls and emails to other agents with qualified buyers.
Email blasts to our database
Social media exposure (Facebook, Instagram, Linkedin, Twitter, Pinterest, etc.)
Big Block Realty's network of 800+ agents.

OPEN HOUSES

We host frequent open houses during the week and on the weekends allowing buyers plenty of opportunity to view the home. We also recommend using a lockbox so other agents can give private tours to their clients at their convenience. The extended use of open house signs in the neighborhood ensure everyone knows when an open house is taking place.

PRICE IS IMPORTANT, BUT WHAT ARE THE TERMS?

The purchase price of an offer is the most important factor, but without the right terms to back it up, it's meaningless.

Who is the buyer's agent and what is their track record?
Is the contract well written or are there areas of concern?
Who is the lender and do they consistently deliver?
What are the contingencies and how can we prevent the transaction from going south?
What is the buyer's story and how strong is their commitment?
Have the buyers done their homework or is this just an emotional reaction? Ideally, we want both!

NEGOTIATING

I am a firm negotiator and always put my clients needs first. When you market a property effectively and have a lot of interest in the home this puts you at an advantage in negotiating. You can't be too aggressive or too passive, successful negotiations are a delicate balance of being aggressive and personable. I am an expert on the California Association of Realtors purchase agreement and work with sellers to ensure we have the most desirable terms.

MANAGING THE ESCROW & DISCLOSURES

We are a full service real estate brokerage and have a team of specialists to manage the escrow process and ensure all necessary documents and disclosures are provided to the buyer. We are available to attend any inspections the buyer may conduct, if necessary. We have an in-house legal team should we need any advice from a legal professional. We micromanage the escrow process to ensure the buyers stay on the timeline.

ESCROW TIMELINE

A typical escrow is 30 days long. If the buyer is doing an FHA or VA loan it's usually a bit longer, around 40 days. If the buyer is purchasing the property with all cash (no loan) it can be closed in as few as 7 days. Here is a timeline for a typical escrow:

Day 0 - Offer is accepted by the seller. Buyer and seller agree on price and terms.
Day 1 - Escrow is opened. The agents will open an escrow account and provide the signed contract and other necessary documents to the escrow officer. The escrow company is similar to a "middle-man" between buyer and seller and will handle the closing documents and the exchange of money.
Day 3 - Buyer's initial deposit. The buyer gives an initial deposit to the escrow company, this is typically equal to 3% of the purchase price. This money will remain with the escrow company and be used for the down payment and closing costs.
Day 4 - Appraisal ordered. The lender will order the appraisal, which is completed by a third party. One is not needed for an all cash purchase.
Day 6 - Inspections completed. The inspections can include home, pest, roof, sewer lateral, etc. These are ordered by the buyer and paid for at the time of inspection.
Day 7 - Seller provides disclosures. The seller provides the buyer with all of the disclosures pertaining to the property including HOA documents, if there is one. This is important information for the buyer as it will tell them everything the seller knows about the property and any issues or defects there may be.
Day 8 - Escrow paperwork. The buyer and seller fill out the escrow paperwork. This includes any loans on the property to be paid off at closing.
Day 10 - Homeowner's insurance selected. The buyer selects a company to provide homeowner's insurance to protect their new investment. This is also a lender requirement.
Day 14 - Conditional loan approval. The buyer receives conditional loan approval from the lender and provides the additional documents requested by the underwriter.
Day 15 - Request for repairs. The buyer can ask the seller to repair problems found in the inspections. This is negotiable and the seller does not have to agree to any or all of the requested repairs. A price reduction or seller credit may also be offered to the buyer.
Day 17 - Appraisal and inspection contingencies removed. The buyer removes these contingencies assuming all aspects of the transaction are satisfactory up to this point.
Day 21 - Final loan approval and contingency removal. The buyer will receive final approval for their loan and will remove the final contingency, making the initial deposit non-refundable.
Day 25 - Verification of property condition. The buyer will do a final walk-through of the home ensuring it's in the same condition as when the offer was accepted and any repairs have been completed.
Day 26 - Seller signs closing documents. The seller will sign the Grant Deed and other closing documents from the escrow company.
Day 28 - Buyer signs loan documents and provides down payment, closing costs. The buyer will sign the loan documents needed to fund the loan. The buyer will also provide escrow with the funds needed for the remaining down payment and closing costs.
Day 29 - Loan funds. The lender will do a final review of the signed loan documents and wire the loan funds to escrow for closing.
Day 30 - Escrow closes, transaction complete. The title/escrow company records the necessary documents (Grant Deed) to transfer ownership with the county recorder's office. The buyer is now on title as the owner of the home and will get the keys. The seller will receive their proceeds from the sale in 1-2 business days.

CLOSING THE TRANSACTION

When the closing documents have been signed and the Grant Deed has been recorded with the county the transaction is now complete. We are available to attend any signings and answer questions along the way. Our experienced team of professionals are excited to go to work for you. Please call us anytime with questions about the home selling process.

SELLER CLOSING COSTS

Here are the closing costs for a seller. Closing costs will vary based on the sales price of your home. Some of these are negotiable and may be paid by the buyer or seller. Buyers have their own closing costs as well. There may be additional costs and they will vary with every transaction.

Escrow - There is an escrow company involved in every sale. They are similar to a "middle man" between buyer and seller and assist with the transfer of funds and closing paperwork, etc. The buyer typically covers 1/2 of this cost.
Title Insurance - There is a title company (sometimes the same company as escrow) which will provide title insurance to the lender and the new buyer. This is to ensure the title is delivered to the new buyer free and clear of any issues. The buyer typically covers 1/2 of this cost.
Brokerage Fees - The seller is responsible to cover the real estate brokerage fees. Most times there are two companies involved, one representing the buyer and one representing the seller. This is usually equal to 6% of the sales price.
County Transfer Tax - San Diego county has a minimal county transfer tax that is paid to the county when a property sells. This is equal to 0.11% of the sales price. For example, a home selling for $1,000,000 the tax would be $1,100.
Home Warranty - Buyers typically request the seller provide a home warranty. This is a one year insurance policy on things like the appliances, plumbing, roof, electrical wiring, etc. If something breaks the home warranty company can cover the cost of the repairs. Home warranties typically range $400 - $750.
Miscellaneous Fees - there will be a few other minimal miscellaneous fees including the notary charge to have the Grant Deed signed in front of a notary.
Loan Pay Off - Most sellers have a mortgage on the property being sold and that is paid off when the home sells. The escrow company handles the paperwork for this.