Sellers Frequently Asked Questions

When you’re selling your home, you likely have many questions about the process. It can seem foreign, confusing, and overwhelming. Luckily, I am here to help you! Here are the answers to some important questions to provide you clarity and peace of mind.

How are list price and sale price different?

The list price is the price you set with your real estate agent. It’s the goal price to sell your home for. A correctly priced home is important so your property sells quickly and does not sit on the market for ages. The sale price is the actual price that your home sells for after negotiations. I try to  ensure the list and sale price are as close to each other as possible to get you the best value for your home!

How much is my home worth?

There are many home value tools on the internet, but oftentimes they are not accurate. I can provide you with a free home market valuation so that you have a good idea of what your home will sell for.

What is a contingency clause?

A contingency is a condition that needs to occur to keep the transaction moving forward. There are many different kinds of contingencies, the most common being inspection, financing, appraisal, title, and home sale. An inspection contingency allows buyers to receive reports for all the inspections you've elected with recommendations on how to remedy the home's problems before they follow through with the sale. Similarly, financing allows buyers to ensure they have a loan before continuing the process, and an appraisal contingency lets buyers get out of the sale if the list price is higher than the appraised value. A title contingency lets buyers out of a deal if there is the possibility of contested ownership or similar issues with the title deed. Finally, a home sale contingency protects buyers who want to sell one home before purchasing another. It’s in the seller's best interest to be aware of the different types of contingencies to keep the transaction running smoothly.

How much are closing costs?

Buyers and sellers are both responsible for closing costs. Buyers bear the responsibility of paying for an application fee, credit report, title insurance, property taxes, escrow fees, origination fee, underwriting fee, etc. usually amounting to about 3% of the selling price. Sellers are responsible for compensating the seller's agent.