Selling Archive

11 Real Estate Answers

 

What are the benefits of Home Staging for Home Sellers?

· Read in 4 minutes 

This report gives the results of a survey of REALTORS® on the effectiveness of home staging. Highlights Among REALTORS® who typically represent the buyer, 49 percent report most buyers are effected by home staging and 47 percent report some buyers are effected by home staging. Among sellers’ agents 34 percent stage all homes, 13 percent […]

Can the Buyer purchase personal property from the Seller?

· Read in 1 minute 

The real estate contract specifies that items affixed to the property (e.g. plumbing, curtain rods, garage doors, etc.) are included (unless specifically excluded) and items not affixed to the property (e.g. floor lamps, drapes, vehicles) are excluded (unless specifically included). However, we wouldn’t want every item under the sun to just be a one-line mention in the contract.

What are the basics for handling multiple offer negotiations?

· Read in 6 minutes 

The National Association of REALTORS® (NAR) created “A Buyers’ and Sellers’ Guide to Multiple Offer Negotiations” to inform buyers and sellers of the potential consequences of multiple offer situations. Below is the content of that document from September 27, 2005. Copyright 2005 National Association of REALTORS® Information for Buyers In some situations sellers will have […]

Can I move out after closing?

· Read in 1 minute 

Unless otherwise agreed to by all parties (buyer and seller), you’ll need to fully vacate the property before closing, which is also when you’ll provide all copies of the keys to the buyer. There is a form we can attach to the contract if you need to remain in the property after closing. This situation may […]

What is a short sale?

· Read in 1 minute 

A short sale is when a seller’s mortgage balance is greater than the proceeds from selling their property. For example, if the outstanding mortgage balance is $97,000, the sales price is $100,000, and the seller’s net proceeds are $90,000 ($7,000 less than the mortgage balance), the Seller has the option to bring $7,000 to the […]

What is a Residential Property Condition Disclosure?

· Read in less than a minute 

When an Oklahoma real estate professional is involved in a residential real estate transaction — on the list or sell side — the seller is required to complete the State of Oklahoma’s Property Condition Disclosure form. It must be completed within the past 180 days and completed to the best of the seller’s knowledge. A […]

What is the MLS?

· Read in 1 minute 

The Multiple Listing Service (MLS) has been around for decades. There are around 900 MLSs in the U.S., and they serve a valuable purpose: to provide an organized place for REALTORS® to list their properties for sale. In order to be listed in the MLS, the listing broker, on behalf of the Seller, agrees to […]