![]() There are standard contingencies in the Colorado real estate contract such as a contingency for inspection, loan approval, and delivery of free and clear title. It allows both parties to terminate the contract if something either doesn’t occur (you don’t sell the house you live in currently) or is unsatisfactory (inspection on a home). Your Sears Real Estate REALTOR® can advise you, based off the current market, if accepting a home sale contingency is in your best interest.Ī: A contingency is a clause in the contract that protects both parties of the transaction. This particular contingency is popular because most people can’t afford a new home without getting the money from selling their current home. Q: What is a home sale contingency? Should I accept an offer from a buyer with a home sale contingency?Ī: The most common contingency clauses is called the Buyer’s Home Sale Contingency and it means that the buyer can end the home sale contract, without losing a dime, if their home doesn’t sell. Do not hesitate to ask your REALTOR® what they would recommend in your personal situation. Your REALTOR® can help you in each scenario to negotiate the best deal on your home…each situation is different and there may be different tactics and strategies to employ in different circumstances. They are not “emotionally involved” in the deal and can often better negotiate in your favor because of this. Q: What are some tips on negotiating to get the best price for my house?Ī: Having a Sears Real Estate REALTOR® acting on your behalf is the first negotiating tip. That being said, we always advise and recommend a real estate attorney review any paperwork or legal contracts you engage in. Some states require attorneys to be involved in the process. Q: Should I get an attorney to help me sell my property?Ī: Your Sears Real Estate REALTOR® can work with your attorney at any point on the sale of your home. All of this should help you make an informed decision on the best REALTOR® to sell your home. Once meeting with a REALTOR® feel free to ask them about their years of experience in the industry, any designations they hold, their communication style, marketing approach and read their client reviews. You can ask friends, family members or neighbors for a referral of an agent they have used in the past. Q: How do I choose a real estate agent to list my home?Ī: Choosing a REALTOR® is important. Ask your REALTOR® for a seller net sheet prior to accepting any offer so that you know what your bottom line will be at the closing table. Remember you may also agree to pay for all or a portion of the buyer’s closing costs. You should also expect to have your own closing costs which include title fees, transfer taxes, HOA fees, your mortgage pay off and then the cost of any repairs you agree to in the contract. Q: What fees are associated with selling a home?Ī: In Colorado, it is customary that the seller pays the full real estate commission for both the listing agent and buyer’s agent. The purpose is to show a fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes currently on the market. ![]() Other parameters include single-family, or condo, number of bedrooms and baths, zip code and many other factors. Q: What is a Comparative Market Analysis (CMA)?Ī: The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same price range and neighborhood. ![]() ![]() A: The true market value of your home is what a buyer is willing to pay for it based on today’s market, competition, economic conditions and many other factors that your Sears Real Estate REALTOR® can help you determine. ![]()
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