Details of a Listing Contract
Obviously the name of the seller and the property address will be included in the listing
contract. There are many other things that are included, too, and you should be aware of them.
Price and Terms of Sale
When setting the terms of sale, the main thing you are concerned with is the price. You should
have a basic idea of what your home is worth by keeping track of other sales in the
neighborhood. Plus, you have probably interviewed at least two real estate agents and they
have given you their own ideas. Exercise great care in determining your asking price, making
sure not to set it too high or too low.
In addition to the price, you will disclose what personal property, if any, goes with the house
when you sell it. Personal property is anything that is not attached or fixed to the home, such as
washers, dryers, refrigerators, and so on.
There may be some item that is considered "real property" that you do not intend to include in
the sale. Real property is anything that is attached to the home. For example, you may have a
chandelier that has been in your family for generations and you take it from home to home when
you move. Since the chandelier is attached to the house, it is considered "real property" and a
reasonable buyer would normally expect it to go with the house. The listing contract should
make clear that it does not, and your agent should also enter this information with the Multiple
Listing Service.
Obviously the name of the seller and the property address will be included in the listing
contract. There are many other things that are included, too, and you should be aware of them.
Price and Terms of Sale
When setting the terms of sale, the main thing you are concerned with is the price. You should
have a basic idea of what your home is worth by keeping track of other sales in the
neighborhood. Plus, you have probably interviewed at least two real estate agents and they
have given you their own ideas. Exercise great care in determining your asking price, making
sure not to set it too high or too low.
In addition to the price, you will disclose what personal property, if any, goes with the house
when you sell it. Personal property is anything that is not attached or fixed to the home, such as
washers, dryers, refrigerators, and so on.
There may be some item that is considered "real property" that you do not intend to include in
the sale. Real property is anything that is attached to the home. For example, you may have a
chandelier that has been in your family for generations and you take it from home to home when
you move. Since the chandelier is attached to the house, it is considered "real property" and a
reasonable buyer would normally expect it to go with the house. The listing contract should
make clear that it does not, and your agent should also enter this information with the Multiple
Listing Service.
| Realistic Listing Fees For This Unrealistic Market Click Here Or Call Doug Baird For More Details 616-554-5796 Michigan For Sale By Owner |