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We realize the decision to sell your property here in the Deep Creek Lake and Garrett County area is often a difficult one to make. Not only does it require financial consideration, but it also involves many emotional factors as well. Our
sales agents
understand that each seller has a unique situation and will recommend the proper course of action to take. If you're thinking about selling your property, the following quick overview will help you understand how the entire process works. |
(Click on links below for more information)
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| Get the Professional
Assistance of a REALTORTM
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| 1. |
 Our
sales agents are very experienced in
selling the many different types of properties found in the Deep Creek Lake and
Garrett County area. These types of transactions are sometimes complex in
nature. They can often involve different family members and sometimes have very
large financial, tax and legal implications. Plus, if you are a non-resident of
the state of Maryland, which is a very common situation for property owners in
this area, you will have the Non-Resident Withholding Tax to deal with. If you
do hire one of our sales agents to represent you, it is our goal to get you the
best price, terms and conditions possible with the fewest hassles. Our
convenient and time-saving services will handle many of the details and
much of the legwork for you.
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| Determine Your
Property's Value
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| 2. |
Our sales agents have a great deal
of experience selling a wide variety of property. They can accurately
assess your property's value based on the market and its unique features and
characteristics. While it is our goal to get you the best possible price
for your property, our agents will be very frank with you when determining its
potential value. We pledge not to give you a high expectation just to get a
listing. After all, if the listed price is too high or unrealistic, there is a
good chance that both your valuable time and ours will eventually be
wasted. If you would like to get a better idea of how much your property
is currently worth, please click on the following link to get a
Free Comparative Market Analysis.
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| Staging Your Home
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| 3. |
In order to get the best possible price for your property, certain repairs
and improvements may need to be completed prior to putting it on the
market. Before or at the time of listing, one of our agents would be glad to
tour your property to make recommendations as to what may need to be done.
We have provided a more comprehensive list of things to do to increase your
curb appeal and improve your chances of selling for a higher price on our
Selling Tips page.
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| Listing Documents
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| 4. |
If you have decided to list your property with us, the
following documents will be required:
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Listing Agreement - which will define the asking price, marketing fee, and
length of time we will exclusively try to sell your property.
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Disclosure Statement (optional) - a statement filled out by the seller that
will let any potential buyers know any pertinent facts or latent defects about
the property.
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Disclaimer Statement (optional) - if you choose not to Disclose, you may
Disclaim making no representations or warranties about the property.
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Inclusions & Exclusions - a list of what furniture and fixtures
are staying with the property and what is leaving.
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Understanding Whom a Real Estate Agent Represents
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Consent for Dual Agency (Optional)
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Deep Creek Lake Buydown Addendum - if applicable
These are the main forms required. Some properties might require additional
forms and addendums.
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| Marketing Your
Property
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| 5. |
Once your property is listed, we will immediately begin to market your property
for sale. Our marketing program, in conjunction with our relationship with
Railey Mountain Lake Vacations, will expose your property to more potential
buyers than any of the other area brokerages. Being presented to more
potential buyers will give you the greatest possible chance at selling
your property quickly and at the highest and best possible price. The
highlights of our marketing program include a full listing in our local MLS and
full exposure at our website - www.deepcreek.com
- the area's most comprehensive and easy-to-use web site. Click here
to find out more details about our Marketing Program
- how it works and what we will do along the way. |
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| Negotiating Offers
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| 6. |
When an offer is presented on your property you will more
than likely have to negotiate the following terms and conditions with the
potential buyer:
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Purchase Price
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Settlement Date
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Deposit Amount
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Contingencies such as Financial & Inspections
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| Dealing with
Inspections and Contingencies
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| 7. |
More than likely, your contract will permit the Buyer to perform various
inspections at their cost. The seller must make the property available for
these inspections. In Maryland, once all the Property Inspections are
completed, the buyer will usually have the option to void the contract
altogether or submit a list of the items that need to be addressed or
fixed by the seller prior to settlement. If the seller:
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agrees to address some or none
of the items, the buyer usually has the option to either void the contract and
get all deposit monies back or continue on with the transaction.
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agrees to fix all of the items, the Buyer does not have the
option to void the contract and the Seller must have all items fixed prior to
settlement, allowing for sufficient time for the Buyer to do a re-inspection if
they desire.
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| The Settlement |
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In the days leading up to settlement, the Seller usually must address the
following items: Moving all furniture and personal items out of the property as
specified by the listing agreement and contract of sale; Notifying the various
utility companies to cancel service; Notifying your insurance agent that you
will no longer own the property; Providing the intermediary information to the
closing attorney if you plan on doing a 1031 tax deferred exchange.
The Seller does not need to be physically present for the settlement. Long
distance settlements occur all of the time at Deep Creek Lake and Garrett
County - via overnight mail, fax, and a few e-mails. If all parties are
present, closings are usually administered by a closing attorney, settlement
agent, or title company. The sellers will be asked to sign the deed and any
other forms required at conclusion. The closing attorney will record the new
deed and discharge all previous obligations of the seller.
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