Beaufort, SC Real Estate for Sellers

The Number One Questions Sellers in Beaufort, SC Should Ask ThemselvesBeaufort, SC Real Estate for sellers and the number one questions you should be asking yourself.

Taking the plunge and listing can be an exhilarating decision, but doing so without asking yourself some important questions could leave you scrambling to figure out what you’re going to do should your home quickly sell.

First, find out the true value of your property.  The last thing you want to find out is that your home is worth less than you thought and your dream neighborhood is no longer an option. Your local real estate agent will know the current market and the value of your home.

Another thing to consider is the cost to sell your house. It can get expensive.  Again, your local agent can help you understand the total costs (especially since many costs are dictated by where you live in the U.S.), but as a seller you can typically expect to pay:

  • Agent commission (Seller typically pays Buyer AND Seller commission) (6%)
  • Staging and home preparation costs (1%)
  • Seller concessions (1-3% )
  • Repair costs (determined based on inspection)
  • Home ownership/overlap/moving costs (1%)
  • Closing costs (1-3%)

Sellers end up paying a fair share of the costs when it comes to the home sale/purchase.  When all is said and done is it worth it to make only $10,000 if your main goal is a good return on your investment?

How quickly your house sells or doesn’t sell is also something you need to be prepared for.  If your home is in excellent condition and you live in a competitive market it’s likely buyers will be immediately interested.  According to the National Association of Realtors (NAR), the median number of days a home in the U.S. sat on the market hit a new low of 29 days in April 2017.  Your local real estate market will have its own average, so there’s no concrete answer as to how long it will take to sell your home.

That doesn’t mean you shouldn’t be prepared to move quickly.  Obviously, if you are moving because of job relocation or wanting to be closer to family, you know the area you’ll be moving to.  But if that’s not the case, it’s a good idea to start thinking about and looking at places you might want to live. In those markets where homes go fast, you’ll want to have a pretty solid plan as to the area/neighborhood you want to be in, and you’ll have to be willing to compromise if you can’t find the exact home you want.  Seller contingencies are common, so don’t feel like you must have your home sold before looking at other properties – it’s better to be on top of this than leave it to the last minute and not have a place to go once your current home sells.

Choosing to sell can be a hard decision, especially when there is a lot to consider. If you need help, or just want to talk to someone with current real estate knowledge in the Beaufort, SC. area, Audrey and Kip are more than happy to answer questions and provide information on your local real estate market. Reach out today if you’re thinking of selling and they’ll show you the way home.