What happens when you sell your home?
A Timeline
The decision to sell your home is a big one. Whether this will be your first time on the selling side of the real estate process or you’ve done it several times before, we would love to assist you with the sale of your home. Our trusted RE/MAX® agents can help you navigate the process and help answer any questions you may have.
We will provide you with a comprehensive and customized plan to market your home by targeting all avenues of marketing – Print, Digital, Public Relations, Advertising & Social Media.
When an offer comes in on your property – your agent will call you as soon as possible to go over the details.
We will guide you through the process. We will refer to other professionals if needed. We will present all offers to you and facilitate negotiations. We will monitor the progress of the sale and make sure everything is on track and we will always be present.
A serious buyer will make an offer if they’re interested in your home. Before you decide, you should consider the proposed purchase price, their financial paperwork, contract contingencies, earnest money deposit, requested move-in date, and offer expiration date. You can either accept, reject, or counter when you get an offer.
It’s possible you may be faced with multiple competing offers to purchase your property. There are various negotiating strategies for you to consider. For example, you can accept the “best” offer; you can inform all potential purchasers that other offers are “on the table” and invite them to make their “best” offer; you can “counter” one offer while putting the other offers to the side awaiting a decision on your counter-offer, or you can “counter” one offer and reject the others.
Items to Review
1) What is the offer amount?
2) How much is the buyer willing to put in escrow?
3) Is the buyer paying cash or will they need a loan? If they need a loan, do they have a pre-approval letter?
4) How many contingencies does the contract have?
5) What is the closing date and is the buyer flexible on this date?
6) Is the buyer willing to provide you with a leaseback?
7) Is this contract contingent on an appraisal?
8) Does the buyer needs to sell their home before they can buy yours?
Executed Contract
Once you decide on an offer and the contract is fully executed, the buyer will have time for the home inspection and any other due diligence listed in the contract.
During this time, you will decide who your attorney will be. Your agent will send them the contract, confirm EMD with the buyer’s attorney, and order the CL 100. report.
Closing
Your attorney will contact you for the documents they need and schedule the closing. They will inform you of items that you need to be aware of, such as; prorations of fees, mortgage payoff amount, legal fees, South Carolina withholdings, etc. The settlement statement will be drafted a few days prior to closing for your review.
Why do I need an attorney?
South Carolina considers the conducting of a real estate closing the practice of law, which only an attorney can do. South Carolina is one of several states that require a real estate attorney to be involved. When you hire your lawyer, you’ll work closely with them to set a closing date that allows all parties to be present. Your agent will provide you with several local attorneys if needed.
What information will they need?
Your attorney will contact you regarding the information they will need. Most likely you will receive an email from them with documents you will need to complete prior to closing. The seller will need to provide all necessary contact information, payoff information, homeowners association information, including proof of paid fees, and a new forwarding address