Sellers Information

We're ready to sell.  Where do we start? return to top

Contact one of our REALTORS® and they will visit and tour your home, take measurements and photos. Once your REALTOR® has all of this vital information he/she will research the area for similar and what they have sold for. This is called a Market Analysis.  Your REALTOR® will provide you with a range of acceptable prices and discuss options with you. Once you decide on a listing price, you and your REALTOR® will fill out the forms necessary to complete the listing.

Understanding Agency   return to top

It's importatant to us that you understand how Real Estate Agency works. We have compiled a complete list of the different forms of agency as well as a brief description of each according to the North Carolina Real Estate Commission.  Click here to view the different types of agency and their descriptions. As always, feel free to contact any of our REALTORS® for additional information.

Vacation Rental Act   return to top

If others used your home for vacations, be sure to make yourself familiar with the North Carolina Vacation Rental Act (NCVRA).  The NCVRA addresses contracts, notification of reservations already on the books, hurricane refunds, “fit and habitable” issues, evictions and advance payments already disbursed to the seller. There’s a lot to know and understand, remember your REALTOR® and our licensed property managers can also help answer any questions. All rentals within 180 days of closing must be honored. 

1031 Exchange / Using Equity to Upgrade   return to top

The 1031 tax-deferred exchange is a process that allow a taxpayer to use capital gains (profits) earned from one real estate transaction for the purchase of a “like kind” investment without penalty.  Of course, certain conditions apply:

• Properties must of “like kind” meaning the old property must have been an investment or commercial property if he/she is looking to purchase an investment or commercial property.  Total capital gains earned from transaction must be reinvested into the new property or is subject to taxation.
• New investment property must be identified by the seller within 45 days of the closing of old property.
• Seller must take possession of the new property with 180 days of the closing on the old property

All transactions must go through a Qualified Intermediary.  Always consult with your attorney, CPA or other financial professional for qualified intermediaries in your area and specifics on your transaction. Again, your REALTOR® can help you contact the correct people.