1. Understand Alabama's Disclosure Requirements
- Alabama is a “Caveat Emptor” (buyer beware) state. Sellers are not generally required to disclose property defects unless:
- The defect affects health/safety.
- The buyer asks directly about a defect.
- There's a fiduciary relationship (e.g., between family members or agents).
- Still, it's wise to be transparent. Disclosures help avoid lawsuits.
2. Hire a Real Estate Agent (Optional but Recommended)
- A licensed Alabama real estate agent can help with:
- Pricing the home accurately.
- Marketing and listing on MLS.
- Handling offers, negotiations, and paperwork.
- Agent commission is typically 5–6% of the sale price, split between buyer and seller agents.
3. Set the Right Price
- Use Comparative Market Analysis (CMA).
- Consider a professional home appraisal (~$300–$500).
- Monitor market trends in your Alabama city/town.
4. Prepare Your Home for Sale
- Deep clean and declutter.
- Make minor repairs or cosmetic upgrades.
- Consider staging for better presentation.
- Professional photography helps with online listings.
5. List the Property
- List through an agent or FSBO (For Sale By Owner).
- Use platforms like:
- Zillow
- Realtor.com
- MLS (through a flat-fee MLS service if FSBO)
- Include quality photos, a compelling description, and accurate details.
6. Review and Negotiate Offers
- Offers will typically include:
- Price
- Financing terms
- Contingencies (inspection, financing, appraisal)
- Closing timeline
- Negotiate via agent or directly if FSBO.
- Once you accept, the buyer deposits earnest money.
7. Manage the Inspection and Appraisal
- Most offers will include a home inspection contingency.
- Buyers may ask for repairs or a price adjustment.
- If the buyer is using a loan, the lender will order an appraisal.
8. Title Search and Closing Attorney
- In Alabama, attorneys handle closings (not title companies).
- The attorney:
- Conducts a title search
- Drafts the deed and closing documents
- Manages funds through escrow
9. Close the Sale
- Final walkthrough by the buyer (usually 24–48 hours before closing).
- Sign all closing documents.
- Pay closing costs:
- Attorney fees
- Agent commissions
- Any agreed-upon repairs or credits
10. Post-Sale Responsibilities
- Cancel utilities and insurance.
- Keep a copy of closing documents for tax purposes.
- Report capital gains on your tax return if applicable.
