Most people who plan to sell their homes will want to work with a licensed real estate broker or agent because they know that these real estate agents do not only help to market their houses and provide a price assessment of the house based on current values of similar houses in the area, but they also review house purchase documents and help in the negotiation with buyers. In this manner, the homeowners are confident that their houses will be sold fast. Be more curious about the information that we will give about sell your house fast click here.
If you're planning to sell your house and when you get to find a real estate agent who agrees to help you market your house, there is a standard rule among brokers that you'll have to sign a "listing agreement" which gives the agent the right to market and handle the sale of your house. This agreement is normally standard forms and it covers the following terms: the commission of the real estate agent is about 5-6% of the house sale price, and split between your real estate agent and the buyer's agent; most listing agents will want you to sign an exclusive right to sell listing, which obligates you to pay a commission to the agent regardless of who brings in the buyer; the listing agreement will cover a set amount of time from 60 to 90 days; your agreement will spell out how the real estate agent will list or market your house, what type of insurance you must maintain on the property, and what disclosures you must make.
Us state laws usually require that sellers must provide buyers a disclosure form, which includes details on the property, such as: defects in the plumbing, electrical, and other house systems; the property's water supply source and sewage disposal system; conditions, such as contaminated soil or asbestos; homeowners' association fees and services provided, such as trash removal; and other details of the property, like shared driveways or easements or even regarding lead-based paint and hazards. Make yourself one of the luckiest person who learn more information about how to sell your house fast.
A buyer who is interested to purchase a home will produce a written offer to the seller, specifying the price, proposed down payment, and any contingencies, such as a satisfactory inspection report, buyer's financing or selling their current house. Then, you, as the seller, has the option to reject the offer outright or accept it or respond to the buyer's offer with a counteroffer, which is accepting some of the terms of the buyer's offer, but suggests changes to others, like a higher price or giving a closing date than the proposed offer of the buyer. When you accept the final offer, which means that there's agreement by both parties to any changes from the original offer, a legally binding contract called purchase agreement is formed, which includes the agreed price, contingencies, financing terms, dispute resolution, and closing date.
Sellers need not be present during the closing date so long as all costs are paid and documents are signed. Normally, the buyers will sign the final documents at the office of their title company or escrow agent and pick up the keys. Then the buyers will record the new deed in his/her name at a local government office. To read more to our most important info about selling your home click the link http://www.ehow.com/personal-finance/real-estate/selling-home/.