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Obviously the name of the seller and the property
address will be included in the listing contract. There are many other things
that are included, too, and you should be aware of them.
Price and Terms of Sale
When setting the terms of sale, the main thing you are
concerned with is the price. You should have a basic idea of what your home is
worth by keeping track of other sales in the neighborhood. Plus, you have
probably interviewed at least two real estate agents and they have given you
their own ideas. Exercise great care in determining your asking price, making
sure not to set it too high or too low.
In addition to the price, you will disclose what
personal property, if any, goes with the house when you sell it. Personal
property is anything that is not attached or fixed to the home, such as
washers, dryers, refrigerators, and so on.
There may be some item that is considered "real
property" that you do not intend to include in the sale. Real property is
anything that is attached to the home. For example, you may have a chandelier
that has been in your family for generations and you take it from home to home
when you move. Since the chandelier is attached to the house, it is considered
"real property" and a reasonable buyer would normally expect it to go
with the house.
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