Sell My House Fast South Carolina State
People sell their houses because of different reasons. Some do it to downsize their home while others do it because they need a house with more room. However, what most people do not understand is that selling a condo or house is not easy, especially with various legal requirements that one needs to comply with. If you want to sell a house fast in South Carolina, make sure that you comply with the real estate laws and follow all the legal steps that are involved. This guide will help you familiar with this process so that you can succeed in selling your house fast.
Work With A Real Estate Broker Or Agent
Selling a house in South Carolina is not easy, that is why most people opt to work with a real estate broker or agent. However, make sure that the agent or broker you choose to work with is licensed and experienced in this field. The work of a real estate agent or broker is to help you price the house. How much your home is worth will be determined by the comparative market analysis also referred to as comps. A good real estate broker will also assess the current value of other similar homes, which are located in your area and also play the role of marketing the house to prospective buyers.
Besides, help you to price the house, a real estate agent also reviews house purchase documents and make final negotiations with buyers. However, before you start working with a real estate broker or agent, make sure that you sign a listing agreement so that he or she can have the right to sell your house.
Why Signing A Listing Agreement Is Important
A listing agreement does not only allow the real estate agent to sell your house but also to market it. Furthermore, this particular document also covers other matters such as listing price, how much commission is entitled to the agent or broker as well as the duration of the listing. Listing agreement also covers obligations and duties of the seller and those of the real estate agent as well.
The commission for real estate agents ranges between five percent and six percent of the total house sale price. The commission is shared equally by both the buyer’s agent and the real estate agent. Moreover, you also need to be are of the fact that there are different types of listings offered to clients by real estate agents. The first type of listing is the exclusive right to sell listing, which obligates the house owner to pay the full commission to the agent or broker regardless of finds or brings the buyer.
Another type of listing is the open listing, which gives you the privilege of paying the commission to any agent who finds a potential buyer. The last type of listing is the exclusive agency listing, which only allows you to pay the commission to the broker or agent who is authorized to market and sell the house.
Make A Real Estate Disclosure
According to the South Carolina state law, you are required to provide a disclosure form to buyers. The disclosure form provides more details about the property that is being sold. This includes the condition of the roof, heating source, electrical systems, water supply and also lawsuits which could affect the title to the house or property being sold.
House Purchase Agreements And Counteroffers
Marketing your house will make it easy for you to find potential buyers. Interested parties are required to provide a written offer to the seller specifying the prosed down payment and the price of the house. As the seller, you can choose to reject the offer or accept it. If you do accept some of the terms, you can respond to the buyer with a counteroffer. A counteroffer accepts most of the terms proposed and allows you to suggest various changes to the proposed offer.
However, if you do accept the final offer a purchase agreement is formed and the buyer is notified to accept the offer. This is a legal contract with contains terms of the house sale such as financing terms, agreed upon price, contingencies, dispute resolution and the closing date.
Things To Do When You Want To Sell A House Fast In South Carolina
Buyers must conduct House inspection before signing any agreement. Therefore, if you want to sell your house fast without any delay, make sure that the house is in good condition. Prepare your home for inspection by cleaning the inside and the outside of the house. You can also paint the house and remove clutter to make the house look organized.
Hire An Inspector
The only way you can be sure that the house is ready for the market is by hiring an inspector in advance. An inspector will determine whether the house is in good condition or not. If not, he or she can provide suggestions on how you can improve the status of your house by making various minor and major changes.
Set Competitive Price For Your House
The price you set for the house can either attract buyers or scare them away. If you set the price too high, it might take too long for you to find a buyer who is willing to buy under your proposed terms. That is why it is advisable that you set a competitive price if you want to find potential buyers and sell your house fast. A local realtor can help you set a competitive price for your house by providing a market analysis package. This report provides current active listings or other home sellers as well as recent closed sales of homes that are similar to yours.
Selling a house in South Carolina is not easy. However, with the help of this guide, you can overcome legal challenges that most homeowners face and sell your house for what it is worth. Moreover, make sure that you involve an attorney during the sale process to make sure that all legal disputes are solved.