Selling Residential Real Estate – Part 4: realtor paperwork for listing

September 9, 2011

If you choose to engage a real estate agent to help you sell your property, they have a stack of paperwork for you. It almost resembles a closing, and in fact, some of it will reappear at the closing, for the buyer to add their signature to papers you are signing now. There are several disclosure documents to protect the realtor against claims that they never told you how things work, what they will and won’t do, and how they get paid. There are also documents where you MUST disclosure known features and defects of the property. No good comes from hiding things here. If you know it, disclose it. If you aren’t sure, say so. This information will go on the printed descriptions of the house, and will likely also appear online. There is no point in saying something that isn’t so, only to have the prospective buyer rely upon it, and then later back out or worse.

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