A HOME DECLUTTER CHECKLIST TO QUICKLY SELL YOUR HOME

Potential buyers will want to see everything when you sell your home. This means that no space is safe for serious homebuyers. It is important to make the most of every square inch in your home and minimize clutter.

Decluttering doesn’t mean getting rid of your stuff, but rather making your home ready for sale. Buyers want to see what the space can do for them. You can make your home stand out by removing any distractions and maximising the usable space. Here’s a list that will help you identify the most important areas and items that you should get rid of as you sell your home in Myrtle Beach.

Decluttering Tips Before You Sell Your Home

Tidy the Front Yard

Before visiting open houses and requesting showings, homebuyers frequently drive through potential neighborhoods. Real estate agents in Myrtle Beach say that it is essential to maintain a tidy front yard and make a good first impression.

Make a welcoming entryway

The entryway is the first impression you get of your home, just like the front yard. You can organize the space and give it an overhaul to attract potential buyers.

Showcase your Kitchen

Potential homebuyers are most likely to look at your kitchen as the most important place in your home. Even if your kitchen is small or old, it can be transformed into a beautiful space.

Make sure the countertops are free from small appliances and that the fridge is clear of notes and magnets. Keep the pantry and cabinets tidy and well-organized. Also, clean out the freezer, refrigerator, and area under the sink.

Accentuate the Living room

The living room is the most important space in a home. It should be clean and tidy, as it will often be the focal point of the home. This means organizing magazines and removing unnecessary table decorations. A room will look bigger if it has the right furniture. Don’t hesitate to ask for the help of a real estate agent.

Let the Bathrooms shine

Declutter and organize your countertops. No one wants to see your makeup or toothbrushes! Linen closets and medicine cabinets. Clear out any extra items under the sink and in the shower. To freshen the space, you can buy a new rug or shower curtain as they are inexpensive.

Take Away Photos

You can depersonalize your home by taking all of your family photos out. Buyers will find it easier to see the house as their own, without having to be reminded of the lives of others.

Clear the Hallways

Even a spacious house can feel cramped if it has narrow hallways. Get rid of all visual clutter, including photos, hanging hooks and other artwork.

How to organize storage rooms

Buyers want to see your garage, sheds, and closets. You can make your storage areas look more spacious and organized by clearing out clutter and opening as much space as you can.

Minimize the Tabletop Decor

While you don’t need to leave blank walls, it is important that there are fewer plants, artwork, candles and other decorations. It’s important to choose neutral decor that is minimal and not too formal.

Laundry Room Cleaning

Your laundry room should make a great first impression. To create the type of laundry room prospective buyers want, make sure that all cleaning products and appliances are well-organized.

Call Full Potential Real Estate, LLC now if you need the help of a real estate agent in buying or selling your home.

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Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

BUYING A MYRTLE BEACH HOME FOR SALE: THE FINAL WALKTHROUGH

When buying homes for sale in Myrtle Beach, visiting the house once is often not enough for you to sign the contract and seal the deal. Many real estate professionals recommend visiting the house several more times throughout the home buying process to ensure that you are buying the right house for you and your family.

In fact, a lot of the real estate agents you work with will suggest going back to the house at different times of the day and different days of the week. This will allow you to see how the house looks and feels at different times. Also, it will give you a glimpse into the days and times when the neighborhood tends to be busy and noisy – an important factor if have small children.

Aside from these, however, Full Potential Real Estate also suggests doing a final walk-through even after everything has been finalized and agreed upon.

Why do a final walk-through when buying Myrtle Beach homes for sale?

A final walk-through is necessary for buyers to ensure that nothing has changed in the house since your last visit. Remember what things you saw in your first visit that prompted you to pursue buying the house. This may include things like the new or recently repaired kitchen and bathroom fixtures or the spacious closet under the stairs. Doing a final walk-through will help ensure that what you saw in the house the first time you visited stays in the house until you move in.

Aside from this, you also need to do the final walk-through to ensure that the seller has completed his part of the deal, particularly regarding repairs that you have discussed during the negotiation process. The house might need some minor repairs that the seller has agreed to do before closing and you will need to confirm their completion during the walk-through.

The walk-through will also allow you to verify that the terms indicated in your contract have been met. Walk-through’s can be informal where you go through the house one last time checking off items on your list of things to check and confirm. It can also be in a formal set up where you go through the house with the seller or his representative checking each item off your list. Once done, you and the seller or his representative will both sign a contract to indicate that the results of the final walk-through.

What you need to know about the final walk-through

The final walk-through is an important aspect of the entire process of buying Myrtle Beach homes for sale. This is often what seals the deal and establishes a stronger relationship between seller and buyer. It helps ensure that both parties are doing their end of the deal.

You should know, however, that a walk-through is different from a home inspection. Although you will need to do some checking and inspecting to make sure all the previously agreed repairs have been completed, you will not have to check every single fixture and test every single plug and switch as you go through the entire house. A walk-through often takes a shorter time than an overall home inspection. Plus, you do not need to hire a professional for the walk-through as you can do this on your own or with the assistance of your real estate agent.

It is important that you take a copy of the contract with you when doing the final walk-through. This can serve as your list of things to check as you go through the house. Alternatively, you can also make a list of things that you want to check.

Here are some ideas on what to include in your list:

• Exterior damage to the home due to strong winds and storms that happened since your last visit.
• Fixtures and furniture that the seller has agreed to leave behind or as part of your purchase.
• Properly working outlets and light switches.
• Plumbing leaks that were not there when you first visited.
• Status of the repairs that the seller has agreed to do.
• Unwanted items or trash inside closets and cabinets.
• Disturbed lawn due to dug up trees or shrubs in the backyard.

The final walk-through should not take too long. It often takes 1 to 2 hours. Remember that this allows you to ensure that you are getting the house that you paid for.

For professional assistance when buying Myrtle Beach homes for sale, call Full Potential Real Estate today and speak with their representative.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
http://fullpotentialrealestate.com

SHOULD YOU SELL YOUR HOME NOW OR WAIT?

Moving is a major decision. You will need to make a hard decision about whether you want to sell your home immediately or wait. You may be particularly curious about 2022’s 5% and 8% mortgage rates.

While this year is generally considered a good time to sell a home in the U.S., it doesn’t mean that you should panic sell. Let’s look at the current housing market to see what your next steps should be.

It’s still a great time to sell your home in 2022 because:

• The country is a seller’s marketplace in large parts.
• Homes are selling quickly despite a low supply.
• The home prices are on the rise, which is a boom for equity.
• Cash offers are plentiful.

Sell now if:

• You are selling a second or inherited property.
• Cash can be used to purchase your next home.
• Your current home is uncomfortable.
• You could do with some renovations to your house.

Wait if:

• You are happy “chilling” wherever you are.
• Recently, you refinanced your house.
• Current housing prices are prohibitive.
• You don’t have much equity.
• Capital gains taxes would be imposed on you.
• You’re not mentally ready to sell.

Favorable selling scenarios

After you’ve reviewed the market’s current state, it’s time to apply that knowledge to your personal situation and needs. These are some situations that could make selling attractive.

You are selling a second or inherited property.

This is the best time to sell a house if you aren’t trying to buy a house. Perhaps you are motivated to sell your rental property or a home you inherited from another state. Your property will likely get lots of attention because there are so few listings. To get your property on the market, connect with a top agent.

Cash can be used to purchase your next home.

Let’s suppose you are moving from one place to another. You can use the proceeds of your sale to buy a property in a more affordable market. Cash is a great option because you don’t have to worry about paying your mortgage rate. You can also take advantage of the high prices and rapid pace of the market.

Your current home is uncomfortable.

People sell their homes primarily for personal reasons. They are moving to be near family and friends. They found a job that allows them remote work. They are expecting a baby, and they have one less bedroom. You shouldn’t let your home get in the way. Sometimes selling is the best choice for you and the family.

You could do with some renovations to your house.

The high competition and the influx of cash buyers make it a good time to sell your house for a premium.

Negotiation leverage is one of the advantages of being in a seller’s marketplace. When there are multiple buyers for your home you might not have to agree to the same level or repair work as you would in a more balanced market.

You can request a cash offer if your home is in need of more than just a cosmetic makeover to sell. Investors are encouraged to increase their inventory.

How to Sell Your Home in 2022

Here are some tips to help you navigate the market and ensure a smooth transaction if you have decided to sell your home in Myrtle Beach now.

Deep clean and purge.

Home-selling 101 is not just for sellers. Spend a few weekends getting organized. Clear out personal photos and remove clutter from floors and surfaces. If you aren’t able to clean the house yourself, hire a professional cleaning service. If your home is full of items you don’t want to take, you can rent a dumpster.

It is important to price it correctly

There is one risk when a hot market for real estate is that your price range will be exceeded. Your real estate agent will perform a comparative marketplace analysis (CMA), which analyzes local comparable sales, or “comps” to determine your home’s value. It is important to adjust dollar values based on the features that increase or decrease value. Poor construction quality, a poor location and a general lack of upgrades are all factors that can affect the home’s appraised value. These issues can affect the value of your home, so be sure to acknowledge them and give credit where it is due.

You should work with a highly-performing agent.

A seller should look for the top 1% and not just go with a friend. A local expert with excellent reviews is essential. Interview at least two to three real estate agents. Ask for a list of properties that they have sold over the past 60 months. Also, inquire about their network connections.

Set up a home office.

About 25% of all professional jobs by 2023 will be remotely based. Today’s buyers are searching for homes that have an office or multiple offices. A bonus room, bedroom or an area of the basement can be staged as a workspace that supports working remotely. If you don’t have an office, keep it simple with a desk, chair and lamp.

Increase curb appeal

Top real estate agents in Myrtle Beach recommend that homeowners make an average investment of $3,467 to improve curb appeal before listing their property. It can be anything from simple lawn care and new mulch to new walkways and exterior paint and upgraded garage doors and front doors. A home with a better curb appeal will attract more people to it in a shorter time period. It also has a higher estimated resale price of nearly $12,000

Prioritize repairs over renovations.

Before you renovate a bathroom that is outdated but still functional, consider repairing the roof.

Like our Facebook page for more great info about buying or selling a home.

Call Full Potential Real Estate, LLC now if you’re looking for a real estate agent who can help sell your home.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

COMMON MISTAKES YOU SHOULD AVOID WHEN HIRING A LISTING AGENT

When you are looking for a professional who can assist you in pricing, listing, and selling your home, you need to have a different set of priorities than when you are trying to buy your first house. If you are hiring a listing agent, here are some of the most common mistakes that you need to avoid.

Mistakes To Avoid When Hiring A Listing Agent

They have no idea of the challenge they are about to face.

You are not searching for a new friend or a real estate agent who has the time and patience to deal with your cranky wife or husband. Selling a home as fast and at the best price possible needs more of negotiations and marketing skill instead of interpersonal skill. So when you are looking for a listing agent, you need to make sure that he or she has a strong and well documented track record of getting the results you need. He or she must have a well thought out plan and possess a proactive and strong personality.

They fail to understand their responsibilities.

Once sellers have had a bad home experience, most of them have seen their houses lagged in the market and sometimes old for a price that’s way below the expected cost. There are instances when the listing agent can’t be blamed. It might be due to a failed marketing strategy, there were no photos provided when the house was listed online, or the property may not have been exposed fully to the market. But in most cases, the fatal flaws are due to the decisions made by the seller or the seller did not follow the advice of their agent.

They failed to ask for the right data or didn’t ask at all.

When you are talking to a listing agent, always focus on what’s important – selling your house. Do not allow for your discussion to get so derailed that you forget to ask for and check the most important crucial data points. A few of the things you need to ask for should include the number of other listings he or she currently have, the number of homes your property will be competing with, as well as the average list price to sale price ratio they can accomplish for their listings, and the number of days their latest listings have remained on the market before it was sold.

They don’t check references.

Just like all the other items on the list that are often omitted, potential listing agents usually give references to sellers. However, only a few sellers actually call and check them. You can list down questions you want to ask or you can ask their references about their experiences when they worked with the listing agent in Myrtle Beach. We all know that most listing agents will give you a list of references who will tell good things about them. So, you have to be sure to ask them to elaborate their answers.

They Don’t Read The Contract

There are cases when sellers become frustrated with their listing agent and they wind up wanting to cancel their relationship only to discover that they cannot do so because they have signed a contract that locks them into it for a decade. Having said that, there are agreements that stipulate terms where in the seller is responsible for paying the commission of the agent when the seller gets an offer that meets specific criteria or when the seller ends up finding the buyer on their own. What does this mean? Sellers have to read the listing agreement before signing it. Ask the agent to explain everything to you and don’t sign it until you understand every last detail of it.

Like our Facebook page for more great info about how real estate agents can help you sell your home.

If you are looking for a listing agent, be sure to work only with the best. Call Full Potential Real Estate now.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

HOME REMODEL OR BUY A HOUSE?

You may be considering reevaluating your housing situation in light of rising home prices and increasing interest rates across the country. Should you use your equity from your home to finance a renovation or should you take advantage of the seller’s market? Should you buy a house or consider a home remodel?

This is a major decision that will be affected by your financial situation and lifestyle. These are some things that will help you make this difficult decision.

Home Remodel

Are you happy with your current neighborhood? Do you find it difficult to imagine living elsewhere? A home remodel might be the best choice for you.

Pros

There are many financing options available: Personal loans, cash, securities-based lending and personal loans, as well as cash, home equity loans, construction loans, and securities-based loans.

It’s usually less expensive to remodel than buying a house in Myrtle Beach. If you were to purchase real estate, you could avoid broker commissions and selling fees, which can reach as high as 6%.

You have more control over your space: You can choose the floor plan, appliances and paint colors.

These improvements can increase the value of your home. If you decide to sell, you might be able to recover the cost of these improvements.

Cons

Existing property may have physical constraints. Remodeling the kitchen can be a viable project for most homeowners. However, adding square footage to properties in dense areas may prove impossible.

Remarkable surprises and delays in construction: Rules and regulations can increase the cost of your project, and/or slow down the timeframe. Remodelers often discover hidden problems that can complicate the process and increase the cost.

Disruption to everyday life: Converting your home into an construction site can cause disruptions in your daily life. You may need to move elsewhere depending on the scope and size of your project.

Buy a House

Selling your home and moving to a better neighbourhood might be the best option for you.

Pros

If your new home is located in an area that is more desirable than the one you currently own, it may be a better long term investment.

You can get tax benefits such as mortgage interest deductions, provided your mortgage balance does not exceed the value of your home. Capital gains tax is not applicable if you reinvest the proceeds from the sale of your house in your next home purchase.

A new home is more likely to fit your lifestyle.

Cons

Rising interest rates: After a period with historic lows, mortgage interest rates are experiencing a steady increase, which can adversely affect your purchasing power.

It is expensive to buy a home.

Illiquidity: If you purchase a larger home, your money is more likely to be tied up in an asset that can’t be sold quickly for cash in an emergency.

How to finance the right option for you

Finance is an important part of the decision-making process. There are many options available, regardless if you decide to remodel or purchase.

Cash savings: This is a popular way to finance a bigger down payment or a project renovation.

Home equity loan, or HELOC: A lump-sum, fixed rate loan that lets you borrow against the equity in your home. HELOCs are similar to a home equity loan, but the interest rates can fluctuate making them less attractive in today’s rising rates environment. Both can be used to preserve cash and to finance home improvements.

Securities-based credit: This option allows you to use your nonqualified assets as collateral to obtain financing. It allows you to receive the funds you need to make a cash offer or earnest money, while still remaining invested in the markets.

Mortgage loans: Mortgage loans might be the right option for you, whether you are looking for a primary or vacation home, as well as an investment property.

What does it mean to remodel or buy a house?

A major decision in your life is whether you are buying a home new or remodeling an existing one. We can help you to find the best way to balance your financial goals with your long-term objectives and provide guidance on financing options to make your dream house a reality.

Like our Facebook page for more great info about home selling or home buying.

Call Full Potential Real Estate, LLC now if you are thinking of buying or selling a house in Myrtle Beach.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

 

DO YOU NEED A REAL ESTATE AGENT WHEN BUYING A HOME?

Many people don’t hire a real estate agent when they purchase a home. In fact, many homebuyers cut out the middleman. But, it might be a good idea to hire one. Here’s why:

To save time. Real estate agents can help you find residential properties within your budget and they generally have access to other available properties that you can’t see online.

To obtain information and assist with negotiations. Agents should be able to provide you with a wealth of information that will help you make an informed decision. They’ll also handle complex paperwork for you.

Buyers are often offered the services of a real estate agent at no cost. The seller usually pays the fees for both the seller’s and buyer’s agent.

The exception

Only one situation is where you need to use an agent in order to purchase property. This applies to FHA foreclosure properties.

All bidders must use licensed agents according to the Department of Housing and Urban Development.

Are you really able to understand your market?

It can be quite a job to conduct a home search on your own.

Although the Internet makes it easy for you to find homes within your budget, an agent will usually have access to more properties. This includes homes that are not yet listed and properties that are For Sale By Owner (FSBO).

Some sellers may not want to sell their homes. Agents and their colleagues working with these sellers are the only ones to know about “pocket listings”.

Do you love paperwork?

Your agent can also handle tons of paperwork for you.

If you don’t love filling out forms and are not experienced in real estate transactions, this is something you should leave to professionals who will ensure everything goes according to plan.

These documents could be misinterpreted. You could make a mistake and cause a contract to be invalidated. To limit the risk, a licensed real estate agent generally have errors & omissions insurance.

An experienced agent will ensure that all the necessary events — including extensions, counter-offers and inspections, walk-throughs, loan approval, walk-throughs, and appraisals — take place when they are supposed to.

Are you a master at negotiating?

Good realtors should be able to provide you with the best possible sales and local data in order to negotiate the best deal.

An experienced pro will know what you can purchase in your local area for a reasonable price and what is a good deal. A pro knows how to make tempting offers, when it is time to be aggressive, and when it is time to walk away. This knowledge is particularly useful in areas where the home values of different blocks can vary greatly – or in seller’s markets.

According to the National Association of Realtors, most home buyers believe agents are worth their cost. About 87 per cent of home buyers bought their homes through a realtor. Around 99% of these buyers said that they would recommend the agent to others or use the same real estate agent in Myrtle Beach again.

If you are not an expert at negotiating real estate deals then follow the advice of your agent.

Remember that most sellers are represented by agents and that experienced negotiators often eat amateurs for lunch.

Your agent can help you avoid rookie mistakes, such as skipping the inspection or giving away your bargaining power by disclosing too many personal details.

Also, the seller usually pays the fees for the seller’s agent and buyer’s agent. There’s no reason to not interview other agents about representing your interests.

Avoid bad actors

Each industry has its fair share of high-quality pros, average talents, and poor eggs. The real estate industry is no exception.

Can you fire your real estate agent?

Although most agents will not pressure you to purchase radioactive properties, there are some who may pressure you to purchase homes that are less desirable.

Sometimes, an unscrupulous agent will try to sell a slow-moving house to make a quick buck. Sometimes, the seller promises a higher commission to the agent.

Dual agency: Conflict of Interest

However, the most common problem is when an agent (or agency), represents both the seller and buyer. This is called “dual agency”. Although it is not illegal in most states this practice isn’t ideal.

The agent’s task is to facilitate the transaction. There is no transaction where both the seller and buyer can be fully represented without conflict.

This is a fairly typical transaction, with one agent for each side. The sellers’ agent is aware that the listing agent represents them and is eager to get the house sold. The agent representing the buyers would have known this information and would have done the right thing to disclose it so that they could lower the price.

What if one person is the representative of everyone? The agent helps the buyer by disclosing information about the divorce. However, it is detrimental to the seller. The agent harms the buyer by not disclosing the information. It is impossible to work 100% in both the best interests of the parties.

Agents are more likely to favor the seller than they think, even if they’re doing it unconsciously. The seller typically pays their fee (6 percent of the sale price), and a higher price equals a greater commission.

Sometimes, the listing agent (seller) offers to pair you up with a buyer’s agent from the same office. It is possible to see buyers and listing agents working together as a “team”. This is probably not the best situation. Make sure you have a representative.

There are companies that represent only buyers. This is one way to avoid conflict.

What You Should Avoid Doing Online

The majority of people buy their homes online. You’ll likely see a house on a website that sells real estate. There will also be a link to “for more information.” If you don’t want agents who aren’t familiar with the property (but can buy leads from it), then don’t click the link.

You can contact the listing agent directly or have your Realtor handle it for you.

Find a great agent

Do your research before you hire a real estate agent. There are good chances that you know six agents at least and then about 20 others within your “friends of the friends” circle. While you don’t have to work alongside all of them, it is fair to give them the chance to earn your business.

What homebuyers today want from their real estate agent

It is important to note that although many people use the terms “realtor” and “realtor” interchangeably, these are separate entities. Realtors are agents that are members of The National Association of Realtors. Agents are required to follow the rules of their governing body. However, they do not have to be members to work for the NAR.

Realtor is also pronounced “Realtor” and not “Real A-Tor”. You don’t want to sound silly.

You should find someone who is a specialist in your price range. The “agent to stars” won’t pay much attention if it’s a $90k fixer.

You will need to work with a full-time agent. You don’t want someone who works four days a semaine and only sells houses on Wednesdays.

You should choose a pro. You don’t want your agent to make mistakes in a the field.

You can check their background online to ensure they are licensed.

You might need extra firepower if yours is a complex transaction. Some agents have additional training and earned extra designations for their special expertise, such as Accredited Buyers Rep, Certified Residential Specialist, or Certified International Property Specialist.

It is usually bad to hire a neighbor, friend, or relative as your agent. Mixing business with pleasure can cause problems in relationships and televised lawsuits.

Like our Facebook page for more great info about buying or selling a home.

Call Full Potential Real Estate, LLC now if you’re looking for a trusted and reliable real estate agent who can help in either purchasing or selling a property.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

HIRE A REAL ESTATE AGENT WHEN SELLING YOUR HOUSE

There are two options when deciding if you should hire a real estate agent to help you sell your home. Is it feasible or realistic to sell your house without professional help?

These are questions that many sellers ask, but only a few end up selling without an agent. Only 11% of sellers choose the for-sale by-owner (FSBO). Another 5% took on the majority of the work themselves, but hired a real estate agent to help them close the deal. About 13% tried to sell themselves before hiring an agent.

Does the law require me to hire a real estate agent when selling my house?

You are not required to use a real estate agent in Myrtle Beach for the sale of your home. FSBOs can be used in all 50 states.

You may need to have a real estate lawyer to help you with the paperwork depending on where you are selling. Alabama, Connecticut and Delaware, District of Columbia are the states that require a closing attorney.

These requirements could change as state laws are changed, so make sure to check the rules in your state before you sell.

Can I sell my house without an agent?

Selling without a listing agent is legal. Selling on your own is possible depending on your goals, your skills and your willingness and ability to work hard.

It is estimated that it takes between 55 to 70 days to sell a house nationally. However, this can vary depending on where you live. Expect to devote a lot of your time to the process, including the preparations necessary to list your home.

Why would I need an agent to help me sell my house?

Most sellers choose a listing agent to help them sell their homes. This is because the job requires dedication, patience, expertise, and skill. Many FSBO sellers work full-time and have other obligations that make it difficult to devote the necessary time to sell their homes. Sellers often find that the 2.5% – 3% commission they pay to their agent is more important than a faster close, higher selling price, or smoother transaction.

An agent is your trusted advisor who will help you understand your local market and provide tips on marketing your home. You can also view past sales, review an agent’s listings, and connect with them directly when you are ready.

Why sellers prefer to work with real estate agents

Agents are chosen by sellers for their wide range of services. These are the top services that sellers depend on when they sell a house.

• 74% of the respondents have their realtor offer guidance in the selling process.
• 73% of respondents have them organize and submit paperwork.
• 71% turn to real estate agents for help in finding interested buyers.
• 70% rely on real estate agents to manage contract negotiations.

Why do FSBOs eventually enlist agents?

Half of those who try FSBO eventually hire a real estate agent in Myrtle Beach. These are the top three reasons they made the switch.

• Selling is easier when you have an agent.
• Selling FSBO takes too much time.
• They needed assistance with paperwork.

Before you sell your home, ask yourself these questions

Before you decide to take the FSBO route, here are some things to consider:

1. How much time do I have?

At least one activity related to your home’s sale should be planned when it is put up for sale. You might be collecting paperwork for pre-listing, hiring a photographer the next day, or hosting an open house on weekends. You will be available anytime to answer questions and schedule tours round the clock.

2. Are you familiar with the local market?

It is easier to FSBO in a seller’s market because homes sell more quickly and at a higher price than the asking price. There are also fewer price reductions. It can be more difficult to sell in a buyers market. This is because it takes longer to get a great offer and there are many listings that have a professional agent who handles the marketing for the entire listing period.

3. What price can I set for my house to sell?

It is crucial to correctly price your home. This can be difficult. To set a fair listing price, you will need to learn (or practice) how to run comparables. Your listing could become stale if you exaggerate the value of your home. In this case, you might have to lower the price. You could lose money if you underprice your house.

4. Can I get rid of my emotions?

While your home is likely very important to you, it’s also important to remember that you are acting as an agent and must be objective about negotiations, offers, as well as buyer feedback.

5. Are I willing to pay a buyer’s agent?

Selling alone is a popular choice because it saves you commission fees. Even if you are able to avoid paying 2.5% to 3.3% commission to your agent, your buyer’s agent will likely still charge 2.5%–3% of the sales price — unless the buyer uses an agent. So be prepared to pay their commission.

6. How can I get my house marketed for maximum exposure?

First, find a buyer to sell your house. Agents spend a lot of time marketing early in the selling process. You may need to hire an agent to help you sell your home. A professional photo, 3D tour, and captivating description are all necessary when listing your home.

7. Are I familiar with the laws of my state?

Real estate is a highly regulated business. This is why you should hire a real estate attorney if your property is being sold FSBO. You will need to know about fair housing laws, closing requirements, disclosure laws, and paperwork.

8. What happens if my house doesn’t sell at all?

You should be able to pivot to a different plan if your home does not sell in a reasonable time. It’s no surprise that 83% of home sellers use an agent to sell their homes. Selling a house is difficult work. The costs of a listing agent’s fee may outweigh the lower sale price for your home if it sits on the market too long.

Options selling with non-traditional commission

Here are some alternatives to FSBO if you are hesitant about selling traditionally because of the high costs.

Negotiate the commission

If you are willing to do some of the listing-related tasks yourself, sometimes agents will offer lower commissions. If you are both selling and buying with the agent, they may be more inclined to negotiate a lower commission. Nearly half (46%) of sellers negotiate with their agent. Just over half (55%) of sellers are successful in some manner. 61% of sellers who were buying simultaneously with their agents changed some or all of their terms. This is higher than the 45% of those selling only.

Hire a broker

You could instead of hiring a full service agent, consider a discount broker. A discount broker will usually offer limited services in return for a lower rate.

You can, for a few hundred bucks, have your house listed on the local MLS. The agent will do all the work. An agent might be willing to charge a reduced rate for a shorter list of services. Make sure that your listing agreement clearly states what your agent will be responsible for and who you will be responsible for.

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Call Full Potential Real Estate, LLC now if you need help in selling your home. Our team is always ready to help.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com