Before Listing Your Land or Lot in the MLS
please read our:
"Getting
Ready To Sell Guide"
You are now ready to list your property in the MLS with our flat rate MLS listing company. What happens next?
The Listing Process:
Once we receive your listing web submission
we will place your listing in the MLS system usually
the same business day! Realtors® may begin to call
you the very same day you are listed in the MLS. This
is because the MLS system is instantaneous and since
Realtors® have the ability to store their buyers
criteria in the MLS, they can start calling immediately.
You may set up appointments set up to view your lot or land directly with Realtors®.
There is no need to call us when setting up appointment times.
There are a few things that you should keep in mind when dealing directly with
real estate agents showing your property. In general, the less you say, the better.
It is sometimes difficult, if not impossible, to keep from offering opinions
or information that you think makes the lot or land more appealing. However,
it is usually hard to guess the factors that are important to each potential
buyer. Here are some examples of everyday subjects we recommend staying away
from and why.
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How many children there are in the neighborhood. Even if the buyer has children, you have no way of knowing whether they would like a lot of children or none at all in the area.
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How great your neighborhood church/synagogue is. Religion can be a touchy subject no matter who you are speaking to!
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How quiet the neighborhood is. They may want a more social atmosphere.
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How many showings you have had. If you have had a lot of showings or no showings at all, buyers may wonder why no one else is "jumping" at the property.
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We also suggest not offering reasons why you are selling. The death of a family member, you need the money, the land is too small for you, your recent divorce, etc can all be interpreted in many different ways which may result in the loss of a sale.
Regarding offers, if the buyer is working
with a real estate agent, the agent will write up the
offer and deliver it directly to you. If the buyer
is not working with an agent, either you or the buyer
may write up the contract offer. Once listed with us,
you will have complete access to contracts and addendums
in our forms library.
Once you have a contract offer on your property you
should decide if you would like your contract reviewed.
Any title company or closing attorney can review the
contract for you. If you plan on using that company
for your closing, they may do this free of charge.
Once the title company or closing attorney is selected
(usually by the buyer) simply drop off a copy of the
sales contract to them. They will do the rest.
Once you have accepted a contract which is signed by
all parties, you will need to notify us within 48 Hours
(2 days) by sending us a copy of the sales contract
and a completed Under Contract form (provided to you
once listed). The Under Contract form gives us vital
information we need in order to process your sale for
closing. Properties remain active in the MLS until
the form and your sales contract are received, so time
is of the essence. By law, as your listing agency,
we are required to maintain all documents related to
the sale of your lot or land for 3 years after closing.
This law applies regardless of who sells the property,
yourself or an agent.
Typically the contract will have some contingencies
such as perc tests, utilities, zoning, topographical
studies, financing, and review by third parties (lawyers,
advisors, etc.). Many of these contingencies are standard
feasibility studies are necessary to determine the
highest and best use of the land.
Finally the day of closing has arrived, and is generally
very easy for sellers. At the closing table, the attorney
will go over your Hud-1 settlement statement with you.
The Hud-1 settlement statement is an explanation of
expenditures and distribution of proceeds for both
the buyer and the seller. After the Hud-1 is explained,
you will simply sign the title. That's it! You usually
collect your money within a day or two, once the sale
has been recorded. Don't forget we will need a copy
of the Hud-1 settlement statement within 48 hours (2
days) of settlement! Most settlement company's are
happy to fax a copy to us at your request.
Now relax and enjoy the fact that you saved thousands
of dollars by listing on the MLS with our flat rate
listing service, Carolina Land Listing.com.
To Read our "Basic
Real Estate & MLS Terms and Definitions "
