Wednesday, September 20, 2017
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Pawleys Island Real Estate Homes

Seller Information

FREE MARKET ANALYSIS

For a free Market Analysis, please fill out our home’s value form.

SELLERS FAQ’S

Q. Why shouldn’t I price my house a little high, since I can always drop the price later?

A. That’s a strategy that sounds good – but, in fact, is more likely to result in a lower price. Here’s why. The first few weeks a house is on the market is when it will have the most activity. If a house is overpriced, it has to compete with houses at that higher price level, which are almost certainly larger or have newer/more luxurious features.

So the overpriced home is unlikely to attract an offer. Worse yet, those first weeks are when real estate agents preview the house. If it’s overpriced, they may not even bother to show it to their buyers. Eventually, the seller will have to drop the price – and may end up with an even lower price because buyers will wonder why the house has been on the market so long and may factor that into their offer. A Comparitive Market Analysis provides a unique method for arriving at a selling price that takes your local market situation into account.

Q. What is meant by the term “contingency” in a sales contract?

A. Sales contracts typically contain several “contingency” clauses, or stipulations that the sale is subject to. For example, with a mortgage contingency, if the buyer is unable to obtain financing within the specified timeframe, neither the buyer nor the seller is required to complete the purchase. Among other common provisions in the “subject to” section are termite and other inspection issues and the purchaser’s need to sell a current home first.

Q. What is my home worth?

A. Pricing can be difficult at the best of times. Although we may be able to give you a range just by using factual comparison, the exterior and interior finishes greatly influence the market value of your home. It’s imperative that your agent come by and view your home before giving you a price range.

Q. Does it cost me anything to have a market evaluation done?

A. No – we will come and see your home, bring you comparable data and give you an price range for your home with no cost to you. Remember that the seller should always set the price – we are here as consultants and advisors only.

Q. How long will it take for my house to sell?

A. This truly depends on your price range and the Market. If the market is slow then it will take longer even for the best priced home to sell. In a faster market it sometimes depends on the price range – is there a large buying pool or a smaller buying pool for your home. The larger the buying the pool the more likely it will sell quickly. If you have a unique home that will appeal to fewer buyers, then it will probably take longer to sell. But of course it only takes 1 person and sometimes that person is the first one to see your home and it sells very fast.

Q. Do I have to accept an offer if I don’t want to?

A. No – you have three options when an offer is presented. Accept, Reject or Counter. The choice is 100% yours.

Q. What Is A Short Sale?

A. short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

Moving Checklist

Moving requires extensive planning, teamwork and understanding. The experience does not have to be traumatic. It can be rewarding and meaningful. Here are some suggestions to help you organize for a smooth move.

Plan Ahead

  • Plan your travel itinerary. Make transportation and lodging reservations in advance.
  • Send change of address to: – post office (give forwarding address) – Charge accounts and credit cards – subscriptions (change notice requires several weeks) – friends and relatives.
  • Contact gas, electric and telephone companies in new location to arrange for immediate service.
  • Arrange insurance on the new home prior to the transfer of property.
  • Arrange for your present bank to establish credit references for new bank accounts.
  • Service appliances before moving
  • Clean rugs and have them wrapped.
  • Discontinue deliveries, electricity, water, gas, newspapers and garbage collection, etc.
  • Obtain copies or transfer your children’s school records.
  • Obtain records from doctors and dentists, including eyeglass prescriptions, dental X-rays and vaccinations.
  • Cancel club memberships.
  • Transfer car title registration, if necessary, as well as driver’s license, city windshield sticker and motor club membership.
  • Pay existing bills and cancel local charge accounts
  • Check on personal items that may be at the photo shop, bank safe deposit box, neighbor’s house, on lay-a-way or in the repair shop (i.e. shoes, jewelry, small appliances or clothing).
  • Arrange for transporting pets and obtain immunization records from the vet
  • Return all library books and anything borrowed from friends.
  • Notify the religious leader of your church or synagogue.
  • Carry traveler’s checks for quick, available funds.
  • Plan for special care and needs of infants.
  • Arrange for transporting plants.
  • Service the car for the trip.
  • Disconnect the telephone.
  • Review moving plans with your moving company representative including insurance for packing and unpacking, arrival date, payment agreement, shipping papers, etc.

One Week Before Moving

  • Clean and air out your stove
  • Defrost refrigerator and freezer 24 hours before leaving.
  • Place charcoal or baking soda inside refrigerator and freezer to dispel odors.
  • Dispose of all open cans and jars that cannot be tightly sealed.
  • Remember to pack your telephone directory for future reference.

Survival Checklist

Here are items you may need immediately upon arriving at your new home. Cleaning:

  • Soap powder
  • Kitchen cleanser
  • Dishtowels
  • Paper towels
  • Dishcloth
  • Steel wool pads
  • Sponge
  • Window cleaner
  • Scrub brush
  • Mop
  • Broom

Kitchen

  • Paper plates, cups, and napkins
  • Plastic knives, forks, spoons
  • Plastic pitcher for drinks
  • Small saucepan
  • Serving spoons
  • Teakettle

Bathroom

  • Facial tissue
  • Toilet tissue
  • Bath towel
  • Shower curtain
  • Face cloth
  • Bath soap
  • First aid kit
  • Aspirin
  • Prescription medicine

Miscellaneous

  • Light bulbs
  • Flashlight
  • Hammer, screwdriver, pliers
  • Aluminum foil
  • Shelf paper
  • Trash bags
  • Twine
  • Newspaper

Children

  • Coloring books and crayons
  • Favorite toys
  • Reading materials
  • Puzzles
  • Small surprise gift

Snacks

  • Easy-open cans of pudding
  • Sandwich spreads
  • Jars of cheese
  • Packages of crackers
  • Instant creamer, sugar, salt
  • Dry soup mix
  • Boxes of dry cereal, raisins
  • Instant coffee, tea, chocolate
  • Fresh fruit

On Your Moving Day

  • Leave a copy of your travel itinerary with a friend or relative.
  • Carry all currency, jewelry and personal papers (birth certificates, deeds and documents).
  • Double check closets, drawers and shelves to be sure they are empty.
  • Leave all old keys needed by the tenant or owner with your sales associate
Pawleys Island Real Estate Homes