Selling Your Home in Chesterfield County
Are you trying to sell property in Chesterfield County, South Carolina, and don’t know where to start? Not to worry, we have compiled the perfect guide to walk you through the process and ensure you don’t miss out on any of the nitty-gritty while trying to do that.
Whether buying real estate or selling it, always put effort into the legal ‘contract,’ for its terms will bind you once both parties agree. Before the contract is signed, it is best if you have an attorney on board who can guide you and protect your interests. After the contract is signed, there is not much a seller or the buyer can do to change the agreed-upon terms in writing. If a seller violates any of the contract’s conditions, the provisions they will face are also present.
If you have time, there are many advantages to selling your house on your own, such as having direct control over how the home is sold. Apart from that, the negotiation process and the showing schedule will also be in your hands. The disadvantage of not involving a realtor is that FSBO sells less than properties that list with agents. House owners with experience are likely to be more successful than those new to this business.
1. Getting the Basics Right
When selling property in Chesterfield County, you should know that your title will probably be looked into and examined in public records. Only after the title search and issues have been concluded and resolved will the time be set for the sale’s closing. The closing will require the buyer to bring along with them a lawyer who will have the documents needed for the completion of the deal. An attorney should ideally be present to oversee the transaction and the signing off of the papers.
If you are not getting a realtor onboard while selling a house, it will save you 2.76 to 6.22% in commission. The average commission rate in Chesterfield, SC, happens to be 5.42 to 6.22%, which means that if you sell a real estate worth $191,305, the commission on it will be $11,899.
2. Pricing Your Property
Pricing your property cor is one of the primary reasons for a successful sale. You need to have sound knowledge about your area in Chesterfield to know the worth of your property. If you price below the market value, you may lose money. If you are more expensive than the market valuation of your home, the sale may not go through.
An excellent place to start is to search Zillow and see what the active listings within your area are worth. You should also look at the type of houses present and how they are similar to yours. Some questions that you should ask yourself while making comparisons are:
- Is the area worse or better?
- Is the property bigger or smaller?
- How many bedrooms and bathrooms does it have?
- Is the property new?
- Is the neighborhood tremendous, and how does it compare to mine?
Knowing the answers to all these questions will help you better evaluate your property’s worth.
3. Putting the House up for sale
There are several ways you can advertise that your property is on sale. You can place a ‘For Sale’ Ad in front of your house or post about it on Craigslist. There are also FSBO listing websites where you can put up your ad free of cost or for a few hundred dollars.
Flat-fee MLS Services are a great way to list your house, costing you less than a realtor. You will be happy to know that 50% of the buyers in South Carolina purchased their houses from the Internet compared to 28% who purchased them through a real estate agent.
4. Paperwork for Sale
If you have an agent on board, they will take care of all the paperwork for you and ensure all necessary forms are correct. If you are an FSBO seller, the documents are responsible for you.
Although you must research thoroughly and spend time looking into your options before putting your house on sale, the effort and the information you will gain is worth it.
