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Price & Terms |
Price & Terms of Sale
There are many other things that are
included in the listing contract and you should be aware of them.
You probably have a good idea of what your
home is worth by keeping track of other sales in your neighborhood and
you have probably contacted at least two real estate agents and they
have given you their own ideas as well. You must be sure to exercise
great care in determining your asking price, making sure not to set it
too high or too low as adverse results may come about. (See
Starting with a higher price -
Caution!)
In addition to the price, you should disclose what "personal
property" goes with the house when you
sell it. Personal property is anything that is not attached or affixed
to the home (for example - washers, dryers, refrigerators, etc).
There may be some items that may be considered as "real property"
that you do not intend to include in the sale. Real property is anything
that is attached to the home. For example, you may have a chandelier
that has been in your family for generations and you take it from home
to home when you move. Since the chandelier is attached to the house, it
is considered "real property" and a reasonable buyer would normally
expect it to go with the house. The listing contract should make clear
that it in fact does not, per your request, and your real estate agent
should also include this information in the MLS (Multiple Listing
Service). This will reduce any chance of conflict after the closing and
after those items have been removed.
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