Home for Sale: Top “To-Have” List for Sellers
In our previous article, we looked at the list of documents that you should have and review first before asking your agent to list your home for sale. In this article we will discuss the important documents that you should have when you finally decided to list your home for sale. Make sure to have all of these documents as well as an understanding of what they mean and how they pertain to you.
The listing agreement lists all of the terms agreed to between you and your agent, and this will be seen by other brokers and agents who will be showing your home for sale. The Listing Agreement includes the price, commission to be paid, how the property will be showed, whether or not there will be a lock box and signage. Virtually everything you need to know about the selling aspects of your house should be contained in the listing agreement.
Sellers are legally required to disclose information that may be of interest to the buyer. Make sure that you receive your copy of all disclosures signed by you, your agent, and the buyer’s acknowledgement that he or she received a copy of the disclosures.
Contingencies are specific issues in the contract that could hold up the sale.
Contingency removals are documents which show that contingencies have been removed. You want written proof that contingencies are removed and you want a copy for your files.
Inspection reports are reports such as home inspections, pest inspections, pool inspections, etc. Essentially these are any inspections that have been completed on the house during the time the house has been for sale. Even if the buyer pays for the report, as the seller, it is wise to obtain a copy of the report for your files.
Let your agent know if you have any questions regarding these documents, so that you fully understand what you are agreeing to.After packing up, start preparing your home for sale and make it stand out on the market with the help of these 5 secrets of effective home staging.
Wondering how the selling process work? Learn more here!