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Home Sellers Guide

Home Sellers Guide

Click each of the chapter links below to read the individual chapters of the Home Sellers Guide.

Chapter 1: An Introduction

Chapter 2: Planning Your Strategy

Chapter 3: Steps in Selling A Home

Chapter 4: Meeting With Your Agent

  • Section A:. Pricing
  • Section B: Your Net Proceeds
  • Section C: Tax Implications
  • Section D: Buying & Selling – How to avoid 2 Mortgages

Chapter 5: A Marketing Plan Specifically For Your Home

  • Section A: Introduction
  • Section B: Preparing Your House For Sale
  • Section C: The Marketing Plan

Chapter 6: From Sale To Settlement

  • Section A: From Offer to Sales Contract
  • Section B: The Sales Contract
  • Section C: Personal Property That Conveys
  • Section D: Time Between Contract and Settlement
  • Section E: Settlement

What should I do to get ready for my agent coming for the “listing appointment?”

A listing appointment is most productive if you have the following information on hand. Because the list is long, we’ve divided it into essential items and optional items.

  • Essential information
    • Your property tax for the past year
    • Your loan account number and loan balance, your interest rate if possible, your P.I.T.I (principal, interest, taxes, insurance) and the amount of assumable mortgage money available, if any. Your agent will help you notify your lender of your intention to pay off your loan, which lessens the amount of prepayment penalty and interest you may or may not be subject to, depending on your lender’s terms.
    • A list of personal property that will go with the home (also “Convey”) when you sell. If removing the item will create needed repairs, the item is considered real property that goes with the home unless otherwise indicated A list of personal property that will not go with the home.
    • Legal property descriptions
    • Homeowner’s association or condominium bylaws
    • A list of major unresolved defects which should eventually be disclosed to a buyer. If you have a major problem you don’t intend to correct, be candid about it. Honest disclosure is always best.
  • Optional Information
    • Your utility bills for the past year
    • A list of all the energy-efficiency features (insulation, etc.) including improvements you’ve made (solar water heater, etc) ideally with utility bills before and after improvements to illustrate the savings.
    • A certificate, if available, showing your home is free of termites. (Inspections will be ordered later)
    • A list of property tax assessments and any existing easements (title search and survey will be ordered)
    • A certificate of current inspection of your septic tank and well, if you have either.
    • Any documentation available of other home-related matters such as:
      • Warranties if still in effect on electrical, heating/cooling systems, appliances, etc.
      • A property survey or house location plat
      • A floor plan if you have one
      • Title insurance policy
      • a professional property appraisal if available.
    • A list of special features that you think would help sell your home, such as extra storage, built-ins or a generator to insure against power outage, etc.
    • A list of the features your personally like about your home and neighborhood- pinpointing the convenience of schools, transportation, shopping, recreation. Anything else that you think would help get your home sold quickly, and profitably.

     

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Chapter 1 | Chapter 2 | Chapter 3 | Chapter 4 | Chapter 5 | Chapter 6

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