Buying or selling our home will be one of the largest financial transactions most of us will ever do.
Selling your home can be particularly stressful, especially if you are facing time constraints or experiencing financial problems.
Since residential real estate transactions are very complex, and have long-term financial implications, it is important that you do not overlook important details. In this article, we are going to identify three very important elements to consider to ensure a smooth transaction.
We honestly recommend working with a real estate attorney with experience in home sales. There are many legal details that must be handled, and making a mistake can be costly. So, get service of real estate law firm to make ease in selling property.
Things you and your real estate attorney should consider when selling
1. Examine the contract carefully before signing:
If there is something you do not understand, do not sign it without first talking to a real estate attorney. The terms of the contract must be reasonable; For example, the closing date should give you enough time to finish all the necessary details, because if the house is not ready by the closing date of the contract, the business would not be done.
In Florida, sellers are required to disclose defects in the property that are not obvious. Usually you fill out a special disclosure form. It is best to disclose as much as possible, as an undisclosed defect can lead to significant penalties. Before filling out this form, you can consult with a real estate attorney. Be prepared for your home inspection, as after signing the contract, a home inspection is usually one of the next steps in the process.
As a homeowner, you may want to inspect it before putting it on the market for sale. This gives you the opportunity to repair defects immediately and avoid delays in closing, you would also avoid unpleasant surprises when making the sale.
2. Consider hiring a real estate agent:
It is true that many homeowners are tempted to sell their home on their own in order to save costs, which can be significant. In Florida, the real estate agent’s commission is typically 6 to 7% of the home’s sale price.
On the other hand, selling a house is very complicated. The typical homeowner doesn’t know exactly the price of their property, and on the other hand, most homeowners don’t know about real estate marketing. Ultimately, it is your decision, but in many cases hiring a real estate agent pays for itself, selling your property at a higher price and faster.
3. Don’t get scammed into selling your home:
Florida has long been a favorite market for real estate scammers. There are a lot of predators out there looking to take advantage of sellers. These scams can take many forms, from attempts to pay with fraudulent checks, or with a bogus mortgage.
Scammers take advantage of homeowners’ desperation to sell, and also the complexities of the process, in order to play their dirty game. If something about your prospective buyer seems suspicious to you, you should speak to their real estate attorney, immediately.
We know that selling your home is not an easy task. It is a complicated process, and the stakes are high. That is why it is so important that you have an experienced real estate attorney on your team. Please contact us today for more details.
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