Before Listing Your Lot or Land in the MLS
please read our:
"Getting
Ready To Sell Guide"
You are now ready to list your lot or land
on 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! Real Estate Agents 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 agents 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 Real Estate Agents. 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.
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"
