MobileGreenville

Contact Us @ 864-881-1258

  • Search
    • City
      • Greenville
        • Search by Neighborhood
        • Search By Price Range
      • Simpsonville
        • Search By Neigborhood
        • Search By Price Range
      • Greer
        • Search By Neigborhood
        • Search By Price Range
      • Fountain Inn
        • Search By Neighborhood
        • Search By Price Range
      • Mauldin
        • Search By Neighborhood
        • Search By Price Range
      • Taylors
        • Search By Neigborhood
        • Search By Price Range
      • Travelers Rest
        • Search By Neigborhood
        • Search By Price Range
      • Easley
        • Search By Neigborhood
        • Search By Price Range
      • Liberty
        • Search By Price Range
    • Schools
      • Elementary Schools
      • Middle Schools
      • High Schools
  • Buy
  • Sell
  • Finance
  • Blog
  • Careers

Settlement Tips When Selling a Home

Yay! You’ve signed a contract with the buyer for your home, you can breathe a little. You’re almost there, but still there are some things you need to do before you close the deal. You need to cooperate with the terms of the contract. For example, you may need to repair or fix some problems that are needed to be fixed if it’s written in the contract. You and your listing agent will need to make the home available for inspections such as termite, radon, asbestos, drainage issues, lead paint, and roofing issues. If there are problems with the home, the terms set forth in the contract will determine your next step. The buyer can terminate the contract, open a new round of negotiations, or proceed to closing.settlement

Appraisal of the home is also another thing, if the price is agreed upon prior to the appraisal and the home is valued higher than the sales price, you cannot renegotiate the price higher.  If it’s the other way around, the buyer might have problem financing because the lender will limit the credit based on the appraisal value. The buyer would have to shoulder additional cost to cover the financing gap or may ask you to renegotiate the contract. Consult your agent what is the best option for you in this situation.

You also have to consider the settlement date, you and the buyer should agree on this. If you are not ready to move out by that time, you can negotiate with the buyer and pay rent for the duration of your stay in the house, usually the rent back period lasts up to 60 days. Longer than that, the lender would require the buyers to finance the home as an investment property.  You can also allow the buyer to move in before settlement. Whatever the case is, it is important to have a written agreement to know the responsible party should anything happen in the transition period.

Another thing to agree upon is the settlement services. In some cases, the buyer chooses the settlement company, in some cases it is the seller. Once the settlement services are arranged, the buyer will provide funds to purchase the house. This will also determine what payment you’ll receive. When the title is transferred to the buyer and once the settlement papers are signed and the keys transferred, the challenging process of selling your home is over and you’re ready to move on.

 

 

 

Read more: CHECKLIST FOR SELLING A HOME

Are you selling your home? We can help! The J Michael Manley Team go above and beyond to get your home sold in the market. Our marketing efforts are geared toward getting your home sold as quickly as possible for top dollar.

Contact us or Call us at 864-881-1352

 

 

 

 

(Visited 116 times, 1 visits today)
Facebook0
Google+0
LinkedIn0
Pinterest0
Twitter0

Comments

Filed Under: Home Selling, Home Selling Tips Tagged With: preparing to close, Settlement Tips for Sellers

Search our site

J Michael Manley Rebate Program. Serving Pays

Popular Posts

  • Emit’s Farm And Adventure Park – Upstate Mobile Petting Zoo   EMIT’S FARM & ADVENTURE PARK  Phone: 864-658-2382 Website: www.emitsfarm.com    …
  • Below is the weekly PET MED Mobile schedule. Please… -- Delivered by Feed43 service Source: PET MED Mobile Schedule
  • Where To Find Pokémon Go Gyms and Pokéstops in… Where to Find Pokéstops and Gyms in Greenville SC? Barely…
  • Where to see Christmas Light Shows in the Upstate Christmas is coming! There’s plenty of holiday cheer if you…
  • Homes for Sale Near Monarch Elementary School,…   Monarch Elementary School Information and Homes for Sale Near…
  • 8 Disclosures South Carolina Home Sellers Must Make   Not disclosing everything about a home can be very…
  • Stella’s Southern Bistro: Fine Dining at Its Best in… Is ambiance and fine dining the keywords you search for…
  • Top Ten Luxury Homes for Sale in Greater Greenville Top Ten Luxury Homes for Sale in Greater Greenville California…
  • Where To Go Fishing? See 15 Best Fishing Lakes in… Fishing is great outdoor pastime for those who love to…
  • Homes for Sale Near Oakview Elementary School,… Oakview Elementary School Information and Homes for Sale Near Oakview Elementary in Simpsonville,…

Buying A Home? Read These Articles To Get More Information About Home Buying

Home Buying 101: House Hunting

Costs To Consider When Buying A Home

Home Buying Fees Every Home Buyer Should Know

Interested in Buying a Foreclosure? These Tips Will Help!

Things to Consider When Finding the Right Home

First Time Home Buyers Get Closing Assistance From Fannie Mae

Advantages of Buying a New Home Over a Resale

Home Buying 101: What is a Pre-approval? Do You Need It?

How to Simplify the Moving Process for the Senior in Your Life

10 Things Buyers Shouldn’t Overlook When Viewing a House

These Home Selling Tips Will Give You Lots of Insights About Home Selling

Moving Into A New Home Can Be Easy Breezy With Zippy Shell

5 Reasons Why You Should Sell Your Home in Greenville in 2017

Challenges in Selling Your Home

Preparing Your Home for Sale: Repair or Renovate?

Why Home Staging Can Help Sell Your Home

Tips for Staging a Bathroom When Selling

5 Emotional Mistakes Sellers Should Avoid

Tips For a More Organized Moving

Tips to Help You Sell Your Home In The Fall

6 Smells That Turn Off Home Buyers

Tours in Greenville

Real Estate Tools

   
Get Started With Mortgage Pre-Approval
 pre-approved
Search Home Using Our Mobile App
 mobile app GGAH page

What Our Clients Are Saying…

"My husband and I met with Michael in mid-December, our house went on the market January 16th and was under contract January 19th. Michael and his team are amazing at what they do and did everything could to help us. We were out of our old house and in to the new one within a month of our house going under contract. I would highly recommend using the J. Michael Manley team for buying and/or selling. They made the hassle or buying and selling so easy and everything was very smooth."


Brittany and Brandon Kessler
Seller

VIEW ALL

Meet The Team

Livian Estates TeamLivian Estates Team

Keller Williams Realty

403 Wood Lake Dr Suite 100

Greenville, SC 29607  

 

Whether it is buying or selling a home, there is no bigger decision than choosing the sales associate who will represent you during the transaction. Beyond being trustworthy and honest, you need someone who has the experience and drive to help you in the real estate selling or buying process. Livian Estates have represented countless clients to satisfactory resolutions, either in finding the perfect homestead or selling their home to a new family.


youtube linkedin kw-mobile-app-google-keller-williams kw-mobile-app-facebook-keller-williams    

Copyright © 2024 All Rights Reserved. Site Map | DMCA | Greenville SC Real Estate | Greater Greenville

Turn Key Theme

realtor and fair housing   Greenville SC Chamber Investor