8 Steps to Selling your Home
1. Determine your reasons for selling.
Determine why you want to sell your home, and what you expect to accomplish with the sale. A growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. Would you like to sell your house within a certain time frame, or make a particular profit margin?
Greer Real Estate Company will help you achieve your home sale objectives and set a realistic time frame for the sale.
2. Price your home to sell.
Greer Real Estate agents can help determine the best possible selling price for your house. Setting a fair asking price the first time around will generate the most activity from other real estate agents and buyers. When pricing your home to sell, we account for the condition of your home, comparable homes sale prices in your neighborhood, and the state of the overall market in your area. It's often difficult to remain unbiased when putting a price on your home, so your agent's expertise is especially important to a successful pricing strategy.
Our agents will report on comparable home sale prices and, on average, how long they are on the market.
Our Advice: It's best to start off pricing your home at the true market value, rather than too high. Homes priced higher than 3% above market value take longer to sell; the implications of this is that, if your house sits on the market too long, potential buyers will perceive that there is something wrong with your home. Usually, when a home sits on the market too long, seller has to drop the price below market value to compete with newer, reasonably priced listings.
3. Prepare your home.
First impressions are the most important. The condition of your home will greatly affect how quickly it sells and the price the buyer is willing to offer. Your Greer Real Estate agent can help you prepare it so that it's more appealing to buyers. Consider these "staging" tips for a successful first impression:
- Prospective home buyers need to visualize the home as theirs. So, seeing too many of the seller's personal items makes the home harder to sell. We suggest removing family photos, mementos and personalized décor.
- Make minor repairs and replacements. Small defects, such as a leaky faucet, a torn screen or a worn doormat can ruin the buyer's first impression.
- Clutter is unacceptable when showing your home to potential buyers. Clear items from your shelves, bathroom and kitchen counters to make every area seem as spacious as possible.
4. Market Your Home
GREER REAL ESTATE COMPANY will prepare a marketing strategy specifically to sell your home. Our blend of Internet marketing technology and traditional tactics allow us to attract a larger pool of more qualified buyers within the first six weeks.
Tactics include:
- Sellinggreer.com website
- Extensive internet marketing on Realtor.com Zillow Trulia Homes.com List Hub and many more
- Direct email marketing campaigns
- Yard signs
- Open houses
- Media advertising
- Agent-to-agent referrals
5. Receive an offer.
GREER REAL ESTATE COMPANY LLC will help you determine if a written offer on your home is from a pre qualified or pre approved buyer. If so, we will review your proposed contract with you, and help you understand your responsibilities to execute the purchase. For your quick reference, any contract should include (and is not limited to) these items:
- Legal description of the property
- Offer price
- Down payment
- Financing arrangements
- List of fees and who will pay them
- Deposit amount
- Inspection rights and possible repair allowances
- Method of conveying the title and who will handle the closing
- Appliances and furnishings that will stay with the home
- Settlement date
- Contingencies
When you receive an offer, you have three options:
1. Accept the contract as is,
2. Accept the contract with changes (a counteroffer), or
3. Reject the contract.
It's important to note that, once both parties have signed a written offer, the document becomes legally binding. Immediately address any questions or concerns about your contract with your GREER REAL ESTATE COMPANY Agent.
6. Negotiate to sell.
Most offers to purchase your home will require some negotiating to come to a win-win agreement. Our agents are well versed on the intricacies of South Carolina real estate contracts, and we will protect your best interests in negotiation. Our agents are experts in contract clauses and which terms are easiest and most advantageous to negotiate. Some negotiable items:
- Price
- Financing
- Closing costs
- Repairs
- Appliances and fixtures
- Landscaping
- Painting
- Move-in date
Once both parties have agreed on the terms of the sale, your agent will have you sign the agreed upon Contract and return it to the Purchaser or their Agent.
7. Prepare to close.
Once you accept an offer to sell your house, you and the buyer must fulfill your contract obligations before closing. Your home may need to be formally appraised, surveyed, inspected or repaired - all items that your Greer Real Estate agent will lead you through, and advocate on your behalf with the buyer's agent and service providers.
Depending on what is negotiated into the contract, you may pay for all, some, or none of the above closing requirements. If each procedure returns acceptable results as defined by the contract, then the sale may continue. If there are problems with the home, the terms set forth in the contract will dictate your next step. You or the buyer may decide to walk away, open a new round of negotiations, or proceed to closing.
Before the closing, your Greer Real Estate agent will inform you of everything you should do to turn over your home to the new owner. Such items include:
- Cancel electricity, gas, lawn care, cable and other routine services.
- If the new owner is retaining any current services, change the name on the account.
- Gather owner's manuals and warranties for all conveying appliances.
8. Close the deal.
"Closing" refers to the meeting where ownership of the property is legally transferred to the buyer. Your Agent will be with you during the closing, guide you through the process, and make sure everything goes as planned. By being present during the closing, he or she can mediate any last-minute issues or details that may arise. In South Carolina, an attorney is required to do the Closing.