How do I find a good realtor?
Ask questions! How many homes have they sold? How many homes are on the market? What is your competition? What is their marketing plan? What do they do differently from other realtors? A good realtor knows the market, knows your competition, and has a plan in place to sell your home at the best price in the least amount of time!
How long will it take to sell my home?
That is the big question on the mind of every seller. Ultimately, the market decides how fast the home sells. But you can help that process along by making your home the greatest find at the greatest price. Remember, well maintained and well priced homes sell more quickly – in any market.
How long do I have to wait for a closing?
This will depend entirely on your contract and the closing date negotiated. If a buyer has cash in their hands and wants to close quickly, you may mutually agree to a closing in a very short time. If a buyer is obtaining financing, you will probably close in four to six weeks. Again, the closing date is part of your contract negotiations and your realtor can guide you in the decision.
What does “as is” mean?
A home listed or purchased “as is” simply means a buyer has the right to request inspections but the seller is not responsible for doing repairs.
What is a deposit or escrow?
Whether called a deposit, escrow, or down payment – all mean the same thing. Funds placed toward the purchase of the property. In Florida, the real estate broker has finite time line requirements for depositing funds. Checks or money orders toward a purchase will be deposited within a few days and the deposit verified to the broker and to you, the seller of the property. It is your assurance that the buyer is serious!
Am I required to hire a lawyer?
In Florida, closings are handled by either a lawyer or a title company. Unlike some states, Florida does not require a lawyer be present at a closing. You may, however, consult with or hire your own attorney for the process.
What is a contingency?
A contract with a contingency means there is some stipulation that must be met before the closing can move forward. For example, a buyer might sign a contract for your home contingent on receiving mortgage approval. Without the mortgage approval, the buyer cannot move toward closing.
Do I have to be here for the closing?
Absolutely not! Many buyers and sellers are out-of-state at the time of closing. The buyer might even have found your home while vacationing! The contract was signed, inspections underway, and the buyer is back at work in another state OR you have already moved. It is not uncommon for closing paperwork to be sent via overnight mail. When all the paperwork is processed, the keys are then sent to the new owner of your home.