Sunday, October 4, 2009

Forms You Will Need to Sell Your Home

1. Listing Agreement. This form is a contract between the Realtor and the seller. It contains the length of the contract, the commission rate, and the obligations of both the Realtor and the seller.

2. Property disclosure form. This form requires you to reveal all known defects to your property. Check with your state government to see if there is a special form required in your state.

3. Lockbox form. This form gives the Realtor permission to place a lock box on the home. If you have a rental property the tenant must also sign the form.

4. Lead-based paint disclosure pamphlet. If your home was built before 1978, you must provide the pamphlet to all sellers. You must also have buyers sign a statement indicating they received the pamphlet.

5. Sales contract. This is the agreement between you and the seller containing the terms and conditions of sale. If you have any questions about the terms have your attorney review it prior to signing.

6. Sales contract contingency clauses. In addition to the contract, you may need to add one or more attachments to the contract to address special contingencies such as the buyer’s need to sell a home before purchasing yours.

As always, your thoughts, questions, or comments are greatly appreciated. Let me know if I can help with any of your Charleston SC real estate needs or questions.

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

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