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Glossary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Frequently Asked Questions
   
  Q: What is Agency Disclosure?
  A: Agency Disclosure is a state requirement that discloses to you the principal (the buyer in this case) who the agent or agents represent in the real estate transaction.
   
  Q: Is my home's condition Important?
  A: Very important if you are hoping to get the maximum sale price. If you chose to sale on an 'as is' basis your selling price will be far less than if your home is in pristine condition.
   
  Q: What is a listing agreement?
  A: The agreement between the seller and the real estate broker they employ. Like most contracts it must have a beginning and ending date and any condition you and the broker agree on. The brokers fees are spelled out usually as a percentage of the selling price of your home.
   
  Q: What is the MLS?
  A: Multiple Listing Service (MLS) is a database making it easy to reach a large number of potential buyers and increase your property's exposure. . The MLS is a system in which participating broker and the real estate board agree to share commission on the sale of property.
   
  Q: Buy or sell first?
  A: The answer here depends on you and your individual situation. Your decision here could have an effect on your finances, negotiating position and moving timeline.  An experience real estate agent can help you consider the various scenario you might encounter with each option.
   
  Q: Should we stay or leave during a showing?
  A: Your leaving the house lets the buyer concentrate on the house features without having to be polite to you.  It also makes it easier for your agent to point of the your home benefits and makes it easier for the potential buyers to picture themselves living there.
   
  Q: How do I come up with the selling price?
  A: The key element in your homes eventual sale is your homes listing price. A knowledgeable and experience real estate agent can help you determine exactly what that price should be using a Comparative Market Analysis (CMA).
   
  Q: What should I do to prepare my house for sale?
  A: A knowledgeable Real Estate Agent has some tip for making your home look good and Show great. In the sale of almost any product where appearance is a factor while not always the deciding factor, it is virtually always major contributor. .
   
  Q: How long will it take to sell my home?
  A: No one can give you a definite timing on the a mount of time it will take to sell your home, but some of the crucial causes associated with the amount of time it take to sale a home are within the sellers control: Make it appealing, Priced to Sell, and Market it well.
   
  Q: What is the best time to place your home up for sale?
  A: Peak selling season can change from year to year.  Spring and fall are generally when you have more homes on the market. You also have more buyers  searching during these seasons. But good things can also be said for placing your home on the market in the off-peak season. It is true you have fewer buyers, but you also have less competition because of fewer home listings.  Talk to your real estate agent before deciding on the timing of your homes sale.
   

 

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  The information provided herein is supplied by several sources and is subject to change without notice. Urban Living  does not guarantee or is in any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied.