Details of a Listing Contract

When setting the terms of sale, the main thing you are concerned with is the price. You should have a basic idea of what your home is worth by keeping track of other sales in the neighborhood. Plus, you have probably interviewed at least two real estate agents and they have given you their own ideas. Exercise great care in determining your asking price, making sure not to set it too high or too low.

In addition to the price, you will disclose what personal property, if any, goes with the house when you sell it. Personal property is anything that is not attached or fixed to the house, such as washers, dryers, refrigerators, and so on.

There may be some items that are considered “real property” that you do not intend to include in the sale. Real property is anything attached to the house. 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 it is attached to the house, it is considered “real property” and a reasonable buyer would normally expect it to go with the house.

Next, we’ll take a look at access-control lockboxes and wether or not you want to use them.