There definitely needs to be a selling strategy beyond the price and when to hold the open house.
If you are considering selling a home, there are a series of documents that are involved with the actual transaction including inspections, appraisals, disclosures and even attorney review documents.
Disclosure Documents
■ New Jersey homeowners who are considering selling their property should be advised that there are legally implied warranties that the property is habitable.
■ The seller is required to disclose any known, latent or material defects in the property. This includes leaks, problems with the foundation, floors, plumbing or electricity.
The homeowner needs to disclose the type of heating system and electrical issues.
The homeowner also has to disclose if there are any problems with respect to termites or pests.
In addition to this there has to be a disclosure as to certain deed restrictions for the property.
As in any matter of real estate, it is beneficial for the seller to be working with an experienced real estate attorney.
Offers
Another facet of the home selling process is the acceptance of an offer. There may be multiple offers presented to the seller and even counteroffers. The seller should keep in mind that buyers may put contingencies into their offer involving loans and appraisal. Many times, a cash buyer is usually considered the best offer because of the ability to close quickly on the property.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single-family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.