When you’re selling your home, you likely have many questions about the process. It can seem foreign, confusing, and overwhelming. Luckily, CENTURY 21 Integra is here to help you! We are answering some important questions to provide you clarity and peace of mind.
The list price is the price you set with your real estate agent. It serves as the goal price at which to sell your home. Pricing your home correctly is vital in ensuring that your property sells quickly and does not sit on the market for ages. The sale price is the actual price that your home sells for after negotiations. Our agents work tirelessly to make sure that the difference between the list and sale price are as minimal as possible, so that you can get the best value for your home!
Use our free home value estimator tool to check current market values for your home and view profiles of potential buyers. The market analysis tool to find out what your home is worth. There are many home value tools on the internet, but oftentimes they are not accurate. Our agents have years of experience selling homes in Florida neighborhoods just like yours, so they have a good idea of what your home will sell for.
Before you open your house for showings, make sure to deep clean and declutter your space. The goal is to make your home appear as spacious as possible. Arrange your furniture so that buyers have space to walk and are not forced to go through narrow pathways while touring your property. Additionally, make some small fixes around the house, like fixing any broken door handles or windows. Taking high quality photos of your home on a day with a lot of light also help your home sell faster.
A contingency is a condition that needs to occur to keep the transaction moving forward. There are many different kinds of contingencies – the most common being inspection, financing, appraisal, title, and home sale. An inspection contingency allows buyers to receive reports for all the inspections you've elected with recommendations on how to remedy the home's problems before they follow through with the sale. Similarly, financing allows buyers to ensure they have a loan before continuing the process, and an appraisal contingency lets buyers get out of the sale if the list price is higher than the appraised value. A title contingency lets buyers out of a deal if there is the possibility of contested ownership or similar issues with the title deed. Finally, a home sale contingency protects buyers who want to sell one home before purchasing another. It’s in the seller's best interest to be aware of the different types of contingencies to keep the transaction running smoothly.
Buyers and sellers are both responsible for closing costs. Buyers bear the responsibility of paying for an application fee, credit report, title insurance, property taxes, escrow fees, origination fee, underwriting fee, etc., usually amounting to about 3% of the selling price. Sellers are responsible for paying the real estate agent’s commission, which can be about 5-6% of the selling price and is split between the buyer and seller agent.
Historically, homes sell in about 45-65 days, but it depends on the market and time of year of the sale. Homes could sell in two weeks in a hot seller’s market, but it would be a different story in a buyer’s market. Consider your local market and the time of year when thinking about how long your home will take to sell.
States vary on what you must legally disclose to buyers, but ethically, you should disclose everything you know about the home to potential buyers. You do not need to point out every shortcoming of your property, but it is a good idea to call attention to environmental issues, like lead paint or mold, pest infestations, natural hazards, construction defects like plumbing problems, or HOA rules or property line disputes if the home inspector does not see them first.
Contact CENTURY 21 Integra to get in touch with one of our agents and start the process of listing your home today! We can’t wait to work with you.