Essential Guide to Selling Real Estate In North Carolina

Welcome to Our Guide to Selling Real Estate in North Carolina

In the major cities, real estate in North Carolina typically has an offer within 10 days – on average – of being listed here! So, you know you are going to find a buyer for your home.

But the question is: will you find the right buyer?  That is, get the most money you can with the least amount of stress.

To make sure that you do find the right buyer in North Carolina, below is the ultimate guide for you.

Real Estate Agent – Why You Need a Good One

Well, first, you might ask why a We Buy Houses in North Carolina service would suggest getting a Real Estate agent?  For most people, that method does make sense.  It does take time, and it’s mainly for those without major repairs such as a foundation issue, and it typically requires the home to be cleaned up, if not fixed up.  However, for many homeowners this is the best way to get the most money, so many people choose this path.  Go here to learn the pros and cons of using a We Buy Houses service?

Many first-time sellers can get emotional about their house and feel the best way to maximize their profit is to do a for-sale-by-owner situation instead of hiring an agent. This may not be the best idea, but it is still better than finding just any real estate agent.

It may be best if you found a great real estate agent because they:

  1. Give your home an online presence through any of the several listing services. But before they do so, they make sure that your house is appropriately staged, with excellent photos to attract the most buyers and extract the best price.  However, For Sale By Owner (FSBO) listings can be found on zillow, which allows owners to list their home directly.
  2. Seasoned agents can leverage their immense network to get the word out about your home, and ensure this network pre-qualifies interested parties to reduce your disruption from showings yet make sure it’s shown to as many qualified buyers as possible.  It’s quite common for local reps to get together to discuss upcoming listings before they go on the market, giving your first open house an extra boost.
  3. Help you estimate the right starting price for your house rather than rely on many MLS websites, whose suggested price is often way off the mark. This can be quite key, as listing your home too high can turn off buyers, and if it stays on the market for too long, potential buyers will start to assume there’s a significant issue with your home.

It is also a good idea to have a realistic price estimate from a Comparative Market Analysis (CMA) before you think decide upon the agent to hire.

Creating a Timeline for Effective Sale

Most people come to believe that hiring a real estate agent is all they need to do for an efficient home sale. But really, there’s more to selling your house than just an agent.

If you don’t set a timeline, you might find yourself stuck in an endless loop of “let’s wait for the right buyer while I get ready to move.”

When you have a timeline, you will already be prepared to move out by a specified deadline and pick the best offer when it comes to you.

Of course, a timeline also makes it easier for you to find your next lodging in time.

Negotiating the Deal

Both buyer and seller can get particularly emotional at this step, especially if it’s their time.  Buyers have been known to get “buyer’s remorse” even before closing.

Negotiation is by far the trickiest part of the house selling process, more because emotions get in the way and sometimes outright replaces logic and clear thinking.  It’s best to assume, particularly if you’re selling to a first-timer, that the buyer may make an unreasonable request or two, so just plan for this and don’t get upset when it happens.  For example, put an extra $1000 towards costs that come from inspections.

Drawing up a Purchase Agreement & Filing Paperwork

The legalities of a home sale can seem daunting.

Once you and the buyer have come up with an agreement, in North Carolina it’s best to use either an attorney or a real estate agent if you have signed up with one.  Real estate investors will often use both a title company as well as an attorney. Include all specificities such as price, names, earnest money, disclosure, and dates of settlement and possession.

When selling a house in North Carolina, you will also require the following:

  1. Bill of Sale
  2. Deed
  3. Identification
  4. Affidavits
  5. North Carolina Disclosure Forms

And other documents depending upon the house, and sale being conducted.

Closing the Deal

Once all the inspections are completed, and the agreed upon closing time has arrived, it is time to sign the contract and bid farewell to your home.  Keep in mind there can be significant downsides for refusing to sign the contract (true for both buyer and seller), however read the contract carefully for any way out if that becomes necessary.

The Takeaway for All Home Sellers

Selling a house is never easy. From confusing legalities to a lot of time wasters; it can become a pain.

Painless Home Buying offers quick, cash close without the emotion for homes in North Carolina.

If you were looking for a great place to live, with excellent cost of living options, North Carolina is a great place to start a family.

Further Reading