Find Real Estate in Elizabethtown, Radcliff, Ft. Knox, Hardin County and Meade County, Kentucky.

   

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Overview of the Buying & Selling Process

Buyer
1 Considers purchasing a home
2 Selects a real estate agent
3 Determines needs and wants
4 Discusses financial issues
5 Views & researches target homes
6 Makes an offer to buy
Seller
1 Decides to sell property
2 Selects a real estate agent
3 Determines needs

4 Prepares home for marketing
5 Agent markets the home
6 Accepts, rejects or counters offer


7 Offer Accepted
8 Loan Application
9 Inspections
10 Title Search
11 Appraisal
12 Loan Approval
13 Closing Papers Signed
14 Documents Recorded
15 Funds Available To Seller

16 Seller Moves Out
17 Buyer Moves In


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Preparing your home through the eyes of a buyer

The effort put into repairing and cleaning your property is likely to be returned in a fast sale at an attractive price.

Often, while waiting to be let in, the first thing a buyer looks at closely is the front door.

The kitchen is often the most important room in the house. Make it bright and attractive.

It is important that bathrooms are clean, bright and smell fresh. Buyers Market

The living room

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Repair & Cleaning Checklist

  • Front Door:
    • Newly painted
    • Doorbell operating
    • Door brass polished
    • Hinges oiled
  • Exterior of House:
    • House recently painted
    • Gutters recently cleaned
    • Exterior lights operating
    • Missing shingles replaced
    • Moss removed from roof
  • Windows:
    • Window trims painted
    • Windows operating freely
    • Cracked windowpanes replaced
    • Windows washed
  • Driveway:
    • Resurfaced
    • Potholes patched
    • Recently sealed
  • Patios:
    • Wood stained or painted
    • Fencing secure
  • Lawn:
    • Lawn in good condition
    • Grass mowed
    • Edges trimmed
  • Trees/Shrubs:
    • Dead branches pruned
    • Dead shrubs replaced
    • Overgrown shrubs pruned
  • Entry:
    • Entry lights operating
    • Floors cleaned
    • Closet cleaned
    • Closet light operating
  • Living Room:
    • Recently painted
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks covered
    • Wallpaper secured
    • Woodwork repainted
    • Curtains/drapes/blinds cleaned
    • Drapes/blinds opened
    • Carpets cleaned
    • Furniture positioned to show space
  • Kitchen:
    • Sink free of stains
    • No dripping faucets
    • Appliances in good working order
    • Walls, cabinets free of stains
    • Countertops cleared and cleaned
    • Pantry neatly arranged
    • Pantry hardware replaced
    • Refrigerator defrosted

  • Family Room:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks covered
    • Wallpaper secured
    • Woodwork repainted
    • Windows washed
    • Curtains/drapes/blinds cleaned
    • Windows operating freely
    • Drapes/blinds opened
    • Carpets cleaned
    • Hobby supplies put away
  • Bedrooms:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks covered
    • Wallpaper secured
    • Woodwork repaired
    • Windows washed
    • Curtains/drapes/blinds cleaned
    • Floor waxed/refinished
    • Carpets cleaned
    • Beds made
    • Laundry put away
    • Floor free from clutter
  • Basement:
    • Cracks in ceiling/walls repaired
    • No evidence of water penetration
    • Dampness removed
    • Cold water pipes covered
    • Dehumidifier installed
    • Sump pump installed
    • No musty odors
    • Drains cleared
    • Furnace cleaned
    • Storage neatly arranged
    • Excess storage removed
    • Floor swept
    • Light fixtures operating
    • Handrail secure
    • Stairway runner secure
  • Dining Room:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks covered
    • Wallpaper secured
    • Woodwork repaired
    • Windows washed
    • Drapes/blinds open to view
    • Floor waxed/refinished
    • Carpets cleaned
  • Bathrooms:
    • Sink stains removed
    • Leaky faucets repaired
    • Grouting stains removed
    • All joints caulked
    • Missing tiles replaced
    • All fixtures operating
    • Floors cleaned
    • New shower curtain
    • All supplies stored
    • Guest towels

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Buyers Market

Possible work orders

The following is a list of some possible work orders. The work orders must be completed prior to closing and the seller is responsible for having them done. Check with your local authorities for specific requirements.

The following conditions may require a work order:

  • Broken windows.
  • Debris in crawl space.
  • Dry rot or deteriorated wood.
  • Earth-wood contact.
  • Overgrown shrubbery.
  • Electrical not in working condition.
  • Gutters and downspouts blocked or missing.
  • A hot water tank without a 3/4" discharge line.
  • Inadequate foundation ventilation.
  • Inadequate attic ventilation.

You might have to:

Other items to remember:

* Check with local authorities for specific requirements.

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While your house is being shown

Before Your House Is Shown

While Your House Is Being Shown

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Answers to frequently asked questions

What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.

What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For sellers, they are usually about 9.5-10% of the total sales price of a property. Some of the closing costs you might encounter are: discount points, escrow fee, documentation fee, homeowners' association fees, pest/rot inspection, real estate commission and title insurance premium.

What is the difference between "pre-qualified" and "pre-approved"?
If a buyer is "pre-qualified" it has been determined, with a loan officer, what price the buyer can afford based on the down payment, debts and the amount the mortgage company will approve for the mortgage. Being "pre-qualified" is only a determination of probable credit. If "pre-approved", credit, employment and funds have been approved by the lender.

What should a home inspection include?
Every inspection should include, but not be limited to, an evaluation of the following:

Buyers Market
  1. Foundations
  2. Roof
  3. Heating and air conditioning systems
  4. Ventilation
  5. Common areas (for condominiums)
  6. Septic tanks, wells or sewer lines*
  7. Insulation
  8. Plumbing and electrical systems
  9. Ceiling, walls and floors
  10. Doors
  11. Hazardous materials concerns*

* There may be an additional fee for this.

What property details are usually included by Listing Services?
Usually, properties listed will include the following details:

 

What pages are generally included in the Purchase and Sales Agreement?

What is the difference between a REALTOR® & Real Estate Agent?
REALTOR® identifies real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Not every real estate agent is a REALTOR®. A REALTOR® may be an appraiser, property manager or involved in some other aspect of the real estate business.

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