Seller Tips, Part 4: What to Expect When You’re Contracting

Posted on March 18, 2015

You’ve endured countless showings and made it through negotiations. You have a ratified contract, and now you’re in the “final rounds” so to speak. But the game isn’t over yet. The closing table is the true finish line, and you have a few hurdles to jump before you get there, but hang on – the end is coming! Here are a few things to expect once your house is under contract.

  1. Expect for your home to be invaded. You thought showings were invasive with Buyers going through your closets and refrigerators (yes they do that!) but wait until a Buyer under contract comes along. There will be a home inspection, an appraisal, additional times for the Buyer to measure for furniture or get contractor quotes on painting or flooring, etc. Not to mention that you will have a seemingly endless parade of repairmen, movers, and so on coming through as you prepare to vacate the premises. This may in fact be the hardest part of the process for most, but remember that you are preparing the house for the next person, and that it’s not longer truly yours.
  2. Consider whether you will have your own legal representation. Here in South Carolina, we have real estate attorneys handle title work and closing paperwork. The Buyer will select their closing attorney, and you have the option for them to represent you as well or select your own attorney. An advantage to having your own representation would be that in the event of a conflict, you have someone in your corner fighting for you and representing your interests.
  3. Expect a TON of questions from the Buyer. They are getting to know your house and will have more questions than a toddler on a long road trip! Just accept it and roll with it! They may want anything from a site plan to a survey, utility costs to your current insurance rates,  pest control company to paint colors.  Be ready to divulge any and all information you may have about your home. It’s also helpful to leave extra paint, appliance manuals, etc. when you move out too since all of these items will help the next owners get educated about the house.
  4. You’ll need to transfer your utilities and mail to your new address. This seems to be an easy thing, but is often forgotten.
  5. Coordinate your move and be prepared to leave the house the day before closing. You will need to make sure your house is clean and ready prior to closing, as many times Buyers want to do a final walk through of your house to make sure it is clean and that all repairs that were agreed upon have been addressed.
  6. Ask about signing your closing documents early! Many attorneys offer this, and it frees up your time on the day of closing to move in to your next residence. Congratulations – now you’ve made it to the finish line!

Leave a Reply

Your email address will not be published. Required fields are marked *