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Home Selling Overview
Factors To Consider
When Selling Your Home |
Factors We Cannot Influence:
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Location: the largest factor
affecting the value
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Timing: economic conditions, interest
rates, other available homes in your area
Factors We
Can Influence:
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Price: set carefully to reflect the current
market trends
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Condition: identify what to repair and/or
replace
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Terms: broaden the base of potential buyers
through flexible terms
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Marketing: provide maximum exposure
to buyers and agents
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Accessibility: make it easy for
agents and qualified buyers to view
Frequently Asked
Questions |
What does it cost to sell a home?
Common costs in selling a home include:
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Real Estate Commission: The commission is not fixed
by law and is generally negotiated between the seller
and the seller's agent.
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Closing Expenses and Costs:
Costs vary depending on the sales contract and may
include items such as transfer taxes, loan payoffs,
termite inspection, any judgments and liens, recording
fees, tax pro-rations, notary fees and any other negotiated
items.
What is 'escrow'?
Escrow is a process
for handling the details of the transaction from the time
the purchase agreement is accepted until title is transferred
to the buyer. An escrow is a temporary deposit of assets,
such as funds and documents, with a neutral third party
that makes sure that the terms of the purchase agreement
are carried out. The money is released when the conditions
of the contract between the two parties have been met.
How
long is an escrow?
The length of an escrow is determined
by the terms of the purchase agreement and can range from
a few days to several months. An escrow often takes an
average time of 30 to 45 days.
How are real estate agents
compensated?
A commission amount is negotiated between the
Seller and the Seller's agent, and that amount is usually
divided among the Seller's agent's Brokerage, the Seller's
agent, the Buyer's agent's Brokerage, the Buyer's agent
and any referring agents. Real Estate commissions are traditionally
paid at the close of escrow from the Seller's proceeds.
Do
I have to work with the agent that is on the sign or at
the open house?
No, I can assist you in buying any home.
Home information on the Multiple Listing Service is shared
and available to any licensed agent
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