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Seller's Tools
Step 4 - Buyer found:
the final steps
 
Step 1 - Get a FREE Market Valuation
Step 2 - Why use a Realty
Step 3 - Getting you home ready
Step 4 - Buyer found: final steps
FREE
Information for Sellers
Send for FREE MARKET VALUE and other free info. No obligation! |
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Legal Representation
If you are selling your home on your own, it's advisable to be represented by an attorney who, among
other things, can draw up the contract. If you use a Realtor® such as Citrus Ridge Realty, we can prepare the contract and
work with the title company and banks involved. When a potential buyer puts an offer in writing and you accept it, the signed
acceptance becomes the sales contract. We can assist you with the following elements of a sales contract:
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The sale price and what is included in the sale price -- draperies, carpeting, light fixtures, heating oil, etc.
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The amount of the down payment
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The date of settlement and possession date
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Contingencies to the sale--inspections (e.g. structural, lead-based paint, radon), required improvements, legal
review of the contract by the buyer's or seller's attorney, etc.
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The amount and length of the mortgage loan, interest rate and time limits to secure the loan
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Determining which closing costs are to be paid by the buyer and which by the seller
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Closing
When people move, sell and buy, closing and moving dates have to be coordinated, and the more firmly
everyone commits to a window of dates and sticks to them, the smoother it will be for all involved. All agreements about dates should be in
writing, and you can protect yourself by negotiating financial penalties for failure to comply.
The closing date is especially important if you are scheduling the purchase of a new home based upon the
sale and closing of the old one. For this reason, it's advisable to place your home on the market as far in advance as possible of
purchasing a new one. If you find a new home first, you can try to make your purchase contingent upon the sale of the old one, so that you
don't wind up with two mortgages. But if you do, ask your lender about a bridge loan to help you make the double payments.
Tax Implications
Selling a home can have a major impact on your federal and state tax returns. Check with your tax
consultant on the factors that may affect taxes resulting from the sale of your home. For example:
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Whether you purchased the home or acquired it by gift or inheritance
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Whether you used your home partly for business or rental
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Costs associated with selling your home
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Home improvements or additions, which may help to offset capital gains
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The sale of your home. In certain cases you can exclude up to $250,000 in gain ($500,000 for married couples filing a
joint return) on the sale of property that was your principle residence for at least two years. Generally, you can use this exclusion
every two years.
SOLD!
It is a word Citrus Ridge Realty uses every day but never tires of hearing. For with each and
every sale, we take pride and pleasure in knowing we have helped buyer and seller to come together and, with our experience and dedication,
successfully close the sale.
CONGRATULATIONS!
Remember, it all starts with the first step - send for your free
market value today!
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Equal Housing Opportunity
