Greenville SC Home Buyers - Frequently Asked Questions
- What is the first step in the home buying process?
- So I am preapproved, now what?
- When looking for homes should I call the agent that has the home listed for sale to help me?
- What does it cost for me to have you represent me as a Buyers Agent?
- How many homes do buyers look at before making an offer?
- How many homes on average are for sale in the Greenville SC area?
- Do you work with builders on the new/never lived in homes?
- Does your site have all the homes for sale in the Greenville Area or just your listings?
- How often is the homes for sale information updated on your site?
- What appliances typically come with the home?
- What is the typical sales price vs. asking price in the Greenville area?
- How long do homes stay on the market in Greenville before they are sold?
- What is the typical time from contract acceptance to closing?
- I have a home to sell before buying. What should I do first?
- What inspections are typical for homes purchased in Greenville?
- What are the typical closing costs for homebuyers?
- Where will the closing take place?
- When do I get possession of the home?
What is the first step in the home buying process?
The first step is always getting preapproved for your mortgage. The process of getting preapproved is quick and will show you exactly the dollar range of home you qualify for. Also when you are ready to make an offer on a home, by submitting a preapproval letter you will be showing the seller you are a serious buyer and enhance your negotiating position. Click here to get prequalified now
So I am preapproved, now what?
You should take some time and make a list of your “must haves” and “nice to haves” for your new home. This should include location of home, age of home, number of bedrooms, bathrooms, square footage and any specific things that are important to you. Then you can input your criteria into my home search site and see what listings match your needs. You should contact me and we can discuss the homes and arrange private showings for the homes that are of interest.
When looking for homes should I call the agent that has the home listed for sale to help me?
The agent that has the home listed for sale is working for the seller and representing the best interests of the seller. You have the right to have a Buyers Agent that will represent you and work in your best interests.
What does it cost for me to have you represent me as a Buyers Agent?
There is no cost for you to have me represent you as a Buyers Agent. The seller is paying the commission. You can have full representation with no cost.
How many homes do buyers look at before making an offer?
On average homebuyers will view 10-12 homes.
How many homes on average are for sale in the Greenville SC area?
Typically we have around 5,000 single-family homes for sale in our area. Of those, normally 600 of them are new/never lived in homes.
Do you work with builders on the new/never lived in homes?
Yes. All the builders here list their homes in MLS and encourage Realtors to show and sell their homes. New home sales make up a significant part of my overall business. We have many local custom builders as well as volume builders such as Legendary Homes, DR Horton and Eastwood Homes to name a few.
Does your site have all the homes for sale in the Greenville Area or just your listings?
My site has ALL the listings of ALL the Realtors in the Greenville area. This is the most complete list of homes you will find.
How often is the homes for sale information updated on your site?
My site is updated every 2 hours so you are assured of having the most up to date information available. Once a home goes under contract it is removed from my site so you will not waste your time pursing homes that are no longer available.
What appliances typically come with the home?
In our area the built-in appliances are considered part of the home and will stay with the home. These would include, range/oven, dishwasher, microwave (if built-in) and disposal. The refrigerator and washer and dryer are considered the seller’s property. These could be negotiated as part of the sales contract.
What is the typical sales price vs. asking price in the Greenville area?
On average homes here sell for 6% off list or 94% of asking price.
How long do homes stay on the market in Greenville before they are sold?
The current time from listing date to contract date here is 92 days.
What is the typical time from contract acceptance to closing?
The normal time here is 30 days.
I have a home to sell before buying. What should I do first?
Most people can not afford to own 2 homes at the same time so you should concentrate on getting your current home ready to be put on the market before going out and finding your dream home. It would do you no good to find the perfect home if you must sell your current home first. Most sellers would not consider an offer contingent on the sale of your home if it were not already listed for sale with a Realtor. If you will contact me, we can discuss your situation in detail to determine the best plan of action.
What inspections are typical for homes purchased in Greenville?
All homebuyers will want to have a home inspection done as well as a termite inspection. We always recommend that you also have radon testing done. You have the opportunity to have any additional inspections done that are important to you.
What are the typical closing costs for homebuyers?
Your mortgage company will provide you a Good Faith estimate of your closing costs. The typical costs will include, origination fee of your mortgage, appraisal of the home, one year of homeowners insurance, establishing escrow accounts for future tax and home insurance payments, attorney fees, recording fees, home inspection and termite inspection fees etc. In South Carolina the seller pays the deed/tax stamps.
Where will the closing take place?
In our area closings take place at an attorney’s office not at a title company, which is typical in other parts of the country.
When do I get possession of the home?
Possession will be at the time of closing.
Please let me know what additional questions you may have about the home buying process. I look forward to working with you to find the home you are searching for.