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Before you start making repairs, sticking a sign in your yard or marking dates on your calendar for an open house, it's smart to prepare a home selling plan.
Of course, you want top dollar, but you could make costly home selling mistakes along the way if your enthusisasm for quickly selling causes you to move forward before being fully
prepared to sell. A REALTOR® can help walk through the steps of the home selling process.
Explore your reasons for selling. Everybody has a reason to sell. If you aren't truly motivated or committed to selling -- if it just struck you one morning that you should move to the other
side of town and you haven't completely thought through the process -- you could be setting yourself up for disappointment.
Did you know the term "REALTOR®" is a registered trademark of the National Association of REALTORS®? Not everyone who holds a real estate license can call themselves a REALTOR®. The term may only be used by individuals who are members of the National Association of REALTORS® and subscribe to its Code of Ethics.
When it comes to selling your home, the first impression is often the most important.
A listing agreement is a binding legal contract that shouldn't be taken lightly.
REALTORS® and buyers often work together without a written contract, but the opposite is true for REALTORS® and sellers. On the listing side, written contracts are the rule, not the exception. A listing agreement is a binding legal contract that shouldn't be taken lightly. The necessity of reading the contract carefully and understanding what is means before you sign it can be overstated. If you need legal advice, consult an attorney.
REALTORS® use an established listing agreement form. Here are some basic terms to consider:
An agency disclosure form is required in Illinois for all residential transactions. The Seller Disclosure form consists of 23 questions about the condition of the property including (but not limited to): the structure, including the roof, foundation, walls and floors; flooding; furnace; electrical, plumbing and air conditioning systems; well and drinking water; and high levels of lead paint, radon and asbestos. Delivery of the disclosure form is required in residential sales transactions before signing a written contract. When in doubt, Disclose! Disclose! Disclose!
Because of the various contingencies that might be included in a real estate contract, closing on the sale of your home can take time. Prior to most closings, there are contingencies that must be met and paperwork that has to be taken care of.