Selling Your Home
Sellers
As a seller, you are not just another listing. Before helping you price your home, we do the homework necessary to discover the best price. Pricing to see what happens and then lowering the price is not a good selling strategy. We will guide you step by step through the process of preparing your home to sell, stage it, show up with photographers, and follow up with the Realtors who show it. All Realtors have access to the MLS and the same marketing programs. Your home is important to you and getting the best price is our goal so we utilize the MLS from the get-go to ensure all 750+ agents have the opportunity to get buyers into your home ensuring you get the best offer.
Let's Do This
Prepare for your meeting with your Realtor by reading:
Published by south Dakota Real Estate Commission. A copy can be downloaded from the link or request a copy from your Jamison Company Real Estate agent.
01
Meet with Agent
02
Determine Price
03
Prepare Home for Sale
Your agent will do a Brokers Price Opinion to help determine the best list price. Several factors come into play including the current real estate market, comparables in the neighborhood, square footage, how many bedroom, baths, garage stalls, curb appeal and other amenities. However sometimes unique homes without comparables may need the seller to invest in an appraisal to help determine the list price.
04
List & Market Home
When we list your home, your listing will receive maximum exposure using our extensive marketing techniques.
05
Receive Offers & Negotiate
Accepting the highest price offer seems like a logical choice, but there are many factors to consider when reviewing an offer and knowing your options lets you come up with a plan that works best for you.
06
Inspection & Appraisal
Property inspections are done to make sure that the home is in the condition for
which it appears. These typically take 3 - 5 hours and sellers you will be asked to
vacate the property for that time. If the property inspector finds any issues, the
buyer can decide if they want to back out of the contract or renegotiate the terms
of the sale.
If the buyer is applying for a loan, the bank will request an appraisal to confirm that
the home is worth the loan amount. The appraisal takes into account factors such as
similar property values, the home's age, location, size and condition to determine
the current value of the property. If the appraisal is low, further negotiations may be
in order.
07
Closing
Closing is the final step in the selling process. On the day of closing, both parties sign documents, funds are dispersed, and property ownership is formally transferred to the buyer.
That's it, On to the Next Adventure!
Let's Do This
Prepare for your meeting with your Realtor by reading:
Published by south Dakota Real Estate Commission. A copy can be downloaded from the link or request a copy from your Jamison Company Real Estate agent.
01
Meet with your Jamison Company Real Estate Agent
When you meet with your agent you will also review the state required real estate paperwork and representation guidelines. Each real estate agency offers different types of agent contracts with their clients. This will be reviewed and explained in further detail at your meeting.
02
Talk with Your Mortgage Holder and Know Your Bottom Line
What are the net proceeds you need from the sale of your property? You need to know what the lowest price you can or will accept. You don’t share this with buyers outright, but it helps you in making a wise decision when pricing your property and when receiving an offer. Ultimately, current market trends will greatly impact your pricing.
03
Setting the List Price using a Brokers Price Opinion vs. Appraisal
Your agent will do a Brokers Price Opinion to help determine the best list price. Several factors come into play including the current real estate market, comparables in the neighborhood, square footage, how many bedroom, baths, garage stalls, curb appeal and other amenities. However sometimes unique homes without comparables may need the seller to invest in an appraisal to help determine the list price.
04
Preparing the Property for the Market
De-clutter the entire home by removing all the extra stuff along with personal photos and knick knacks. Do a complete and thorough cleaning, buyers will open closets, cupboards, drawers. Also make sure the utility room is clean and well maintained. Take the time to fix what’s broken, poorly functioning drawers, windows, and locks reflect poor upkeep. Paint any room that’s too bold with a neutral inviting color. Buyers don’t want a property that appears to be too much work. Staging is proven to bring in higher offers in less time. Jamison Company provides two hours of staging as part of their listing process. Your home with gather the most interest in the first 14-30 days of its listing. If priced too high or your home isn’t market ready you risk losing your best pool of buyers.
05
Listing the Property and Developing a Market Strategy
Your Jamison Company Real Estate agent will develop a customized flier showing your property at its best along with the pertinent information. That information will also be used to list your property on the MLS and the internet. Together, you and your agent may schedule a Brokers Open House, where your property is shown to other realtors to illicit feedback and generate private showings. In addition a public Open House and advertising options specific to your target market will be discussed.
06
Receiving an Offer
Deciding whether or not to accept an offer will depend on numerous factors and may involve additional contingencies to the contract. Your Jamison Company Real Estate agent will make sure you understand all the components of the contract. Keep in mind, rarely does a real estate transaction happen without continued negotiations (counter offers), concerning the price and terms, between the buyer and seller.
07
Home Inspection & Other Tests
In South Dakota, inspections take place after an agreeable price and terms have been reached and are often required prior to closing. If you have any questions concerning specific tests, talk with your agent.
08
Getting Ready to Close
Most of the pre-closing tasks will be taking place behind the scenes and involve your real estate agent, the title company and the bank. An appraisal, title search and a closing disclosure will be generated.
09
Closing
The settlement or closing will require paperwork and proof of identity. Please bring your driver’s license and a second form of identification to the closing. Depending on complexity the closing can take up to one hour.