How the Traditional Process Works
Properties listed on TheAssetGrowth are generally those of motivated traditional sellers who are eager to receive offers. Unlike typical MLS listing sites, we only feature properties where the sellers are committed to making a deal. Each listing has a List Price, which is determined by the property owner and listing agent, based on several key factors:
A competitive market analysis of similar properties currently for sale.
Comparable properties that have recently sold.
The duration properties similar to yours have been on the market.
The difference between the original list price and the final selling price of similar properties.
Local market conditions.
The condition of the property and any other relevant factors.
Start by obtaining prequalification or preapproval from your lender. This step gives you a strong advantage, especially in competitive bidding situations, and prevents the disappointment of discovering a property is out of your price range.
If you’ve found the property you're interested in, it’s time to submit an offer. Your agent or broker can help you review comparable sales in the area to ensure your offer is competitive.
Once your offer is submitted, expect the seller to respond within 48-72 hours. They may accept your offer, reject it, or counter it. If the counteroffer doesn’t align with your expectations, you can submit a counter to the seller’s terms.
Once you and the seller agree on a price, you will be required to make an earnest money deposit. This deposit is held in escrow until the sale nears completion and is then applied toward your down payment.
You’ll need to set a List Price for your property. Use all available data to evaluate market conditions and the competition. Factors like the number of similar properties on the market, the appraised or assessed value, any improvements made to the property, current interest rates, and other considerations should all be taken into account.
If you’re working with an agent, they can help you determine an appropriate price based on the sales of comparable properties in the area.
Once your property is listed on TheAssetGrowth as a traditional sale, potential buyers who have matching criteria in their buyer accounts will be notified. Your listing will also appear in our Advanced Search feature for others to discover.
Buyers seriously interested in your property will submit an offer. Your local broker will provide guidance on the offers you receive and suggest the best course of action. Ultimately, the decision on the sale price and terms is yours to make.
Once an agreement is reached, the buyer will submit an earnest money deposit into escrow. This amount will be applied to their down payment when the sale closes. If there are contingencies such as inspections, your broker will review them and provide strategic advice on how to handle them.
We’re excited to be part of this important journey with you and wish you the best throughout the process!