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- How close will you get to my asking price?
- If priced correctly we should come within 3% of the asking
price.
- Why am I responsible for closing costs?
- In Wisconsin, the seller is responsible for providing
a “marketable” title.
- The Warranty Deed is the “guarantee” by the
seller to the buyer that the property is free and clear
of any liens or the possibility of future liens. It also
is the document that shows the seller has the right to sell
the property, either through ownership or as a personal
representative, etc.
- Do I have to have an open house?
- The key to selling your home is getting enough exposure.
- An open house is very important, your best advertisement
will come by “word of mouth.”
- History shows that an ad in a newspaper will not give
you as much exposure as a flyer or invitation to your neighborhood.
- I won’t allow any showings without a 24 hour
notice!
- The key to selling your home quickly is to get as many
people into the home as possible. Flexibility on the part
of the seller is important. The buyer for your home may
be at your door step with a realtor, if you turn them away
because of a short notice, they may buy something else.
Too long on the market, and a stigma is attached to the
home. People begin to think that something has to be “wrong”
with that house.
- What is a Market Analysis?
- A market analysis is a study of properties recently sold
in the same general area as the property.
- Market value is the price a buyer is willing to pay for
a property and the price the seller is willing to sell the
property for. An auction is a good source of market value.
- When listing a property, the realtor will evaluate the
list price of the sold properties and what the properties
have actually sold for. We will try to get within 3% of
the list price. If the property is priced right, this should
be accomplished.
- Are your property taxes a good source for Market Value?
Depending on how recent the last evaluation was done, in
most cases, this is a good source. But in some areas, depending
on the number of quality homes available, this may not be
true.
- Why should I offer a Home Warranty when I sell my
home?
- You receive free coverage during your listing period.
Maximum free coverage is 12 months. Fee coverage is not
available in all states. The seller pays nothing if the
home does not sell, even if service requests have been paid.
- A warranty can help you sell your home more quickly.
- Homes that are marketed with a home warranty typically
sell at a higher price.
- Homes that include warranties attract more buyers than
similar homes without a warranty.
- Home warranties reduce your liability after the sale.
- Depending on the coverage desired a single family home
will cost approximately $395.00
- What are the expenses for possible inspections/testing?
- Most often at the seller’s expense:
- Well System Inspection
- Safe Water Test
- Septic Inspection/Pumping of System
- Most often at the buyer’s expense:
- Whole Home Inspection
- Lead Based Paint Testing
- Radon Testing
- The expense of these items can be negotiated.
- What are the Seller’s Closing Costs?
- Title Policy ($1073 for a $240,000 sale)
- Recording Fees ($11.00)
- Attorney fees ($75.00)
- Warranty deed and Transfer Return Form
- Commission to realtor (6% of $240,000=$14,400)
- Closing Service Fee ($60.00)
- Assessment Letter ($35.00)
- Property tax to the day before closing
- Utilities to the day before closing
- Mortgage pay off
- Warranty if offered
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