Chapter 16
Examining Listings and Disclosures
IN THIS CHAPTER
Understanding the listing contract
Making disclosure statements
If getting ready to sell your house or condo meant only a fresh coat of paint and waiting for your agent’s call, the process would be a lot less stressful. But like so many other major events in life, selling your home involves lots of details and decisions that need recorded.
This chapter focuses on one very important set of papers — the listing documents and the disclosures you need to make to buyers, so they can’t come back and say, “You didn’t tell us so!” The information guides you through the paperwork, helping you to breathe easy again, confident that you’ve lived up to your legal obligations while presenting your home in the best possible light to buyers.
Getting the Lowdown on Listing Contracts
Reaching potential buyers is the purpose of a good marketing campaign. Marketing your home involves listing it either on your own or through an agent. If you’re listing through an agent, you’ll need to fill out and sign a listing contract. The listing contract gives authorization to at least one agency to sell your home and specifies how much you’ll pay for its services. We delve deeper into a listing contract here and discuss the different types.
Understanding ...
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