Now That Your Home is on the “Market”…
These are a few things only you can do to make the process go smoothly and help us market your home to its best advantage.
- Complete all repairs and cleaning.
- Keep home ready for showing
- Put your valuables, including prescriptions, out of sight
- Put marketing information where easily seen by buyers and agents
- Please, call me if the marketing information is running low
- Tell all your family and friends about your home; they may know a buyer!
Home Service Contract Can Aid Both Buyer and Seller
Many home purchasers erroneously assume that the Seller is always somehow liable when there is a defect or failure found in the home’s cooling, heating, plumbing, electrical and/or appliances after the Buyer moves in. Unless otherwise provided for in the contract however, risk of loss often falls on the Buyer. Even where the contract provides that heating, plumbing, pool & equipment, electrical, etc. be “operative” on or until date of possession, disputes can always arise as to when the breakdown occurred, who is responsible, how the repairs are to be funded, and when they are to be made.
Home warranty plans go a long way to alleviate these risks and concerns. For a modest price (currently basic coverage is $350 to $450, slightly more for optional coverage), Seller can provide to Buyer a one year warranty covering, specified heating, plumbing, electrical, water heater or appliance breakdowns. Coverage under most plans commences at closing (although some can be made to commence during the listing period as well). In all cases, there are important limitations and exclusions (example: appliances/systems must be operative at commencement of coverage).
We provide at our cost Seller’s coverage for the length of time your home is on the market. This will help you keep unforeseen breakdowns from potentially delaying the close of sale. This peace of mind may come in handy at a time when many of your resources are tied up in the process of selling your home, closing escrow and relocating to the new home. A list of Home Warranty companies has been provided.
Benefits of Home Warranty
- Competitive edge for a faster sale.
- Optional coverage during the listing & contract period.
- Potential additional negotiating power to sell at a higher price.
- Reduce after-sale liability.
Residential Service Providers
A home warranty is a one-year service contract that protects a homebuyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that break down due to normal usage. This is not a complete list of all service providers. You may also obtain a list of your own from the local telephone directory. This firm recommends residential service contracts. You have a choice of who to choose for your Seller’s coverage and the buyer may choose a different firm at closing. This firm does not warrant the quality of any of the following.
Best Home Warranty:
Home Warranty of America
When we list your home, I will always provide you with a “net sheet” detailing the customary closing costs you may expect at closing of your sale. This is an estimate as we do not have the actual sales price and closing date, but it will be very close to the final figures. Below is information on some of these expenses and who normally is responsible for the expense although they may become part of the negotiations.
While it is not required, most buyers will want to get an independent home inspection done on your property. If there is an option period included in the contract, this is the time period in which this is usually done. In addition to a home inspection, your property might be subject to termite, septic and structural inspections. These are usually paid by the buyer.
Insurance against loss resulting from defects of title to a specifically described parcel of real property. The seller usually pays for title insurance for the buyer. It protects the buyer and the buyer’s lender against a challenge to the title because of defects that were unknown when the policy was bought.
The measurement of the boundaries of a parcel of land, its area, and sometimes its topography. If you have an existing copy of the survey of your property, it is customary to give it to the buyers of your home. If you do not have one or, if there have been any additions to your property such as a fence or a pool that are not reflected in your current copy, the buyers are usually responsible for purchasing a new one.
An opinion of value based upon a factual analysis. Legally, an estimation of value by a disinterested person of suitable qualifications. If your buyer gets financing to buy your home, a licensed appraisal will be ordered by their lender, and is generally paid for by the buyer. The appraiser will determine the current value of your home.