Closing costs

What Are Closing Expenses and Am I Responsible for Paying Them?

Closing expenses, or closings costs, are part of the process of finalizing the sale of a house. In some cases, the closing costs might be paid by the seller, and in other cases by the buyer. It will depend on the nature of the fees, and how good a deal the parties negotiate with one another. Seller Closing Costs If you have used a realtor, one of your biggest expenses will be the commission on the...

Sale contingencies

What Is a Sale Contingency?

A home sale contingency is one type of contingency clause which is often included in a real estate sales contract or an offer to purchase real estate. The clause states that the transaction is dependent (or contingent upon) certain circumstances - usually the sale of the buyer's home. Many people start looking for their ideal home before their own has sold. If they find their dream house, they will...

What Should I Disclose to Potential Buyers?

What Should I Disclose to Potential Buyers?

Disclosures are a key part of selling your home. The prospective buyer should have some reasonable assurance that the home they are getting is a valuable one, with no ticking time bombs lurking that will land them with a lot of expensive repairs. Honesty Is the Best Policy Most smart sellers will spruce up their home with a fresh coat of paint and perform any minor repairs before they put their home...

What Should I Do to Prepare My Home for Showings?

There are a number of things you can do to prepare your property for showings that can help you create a great impression and drum up interest in your valuable home. Some of these things will be external, while others will be internal. Exterior This is your chance to make a great first impression. The lawn - It should be well-kept. The garden - It should be well-tended. Consider adding a few...

Why Is the Assessed Value Different Than What the Realtor Says My Home Is Worth?

Assessing the value of a home when putting it on the market with a realtor is affected by a number of factors. There are two numbers to consider when selling your home: assessed value versus market value. In some cases, assessed value and market value may be similar. But in general, the assessed value will be lower than the market value. Each of these two numbers will be used in different ways...

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