THE LISTING AGREEMENT AND RELATED INFORMATION

Now that you have decided to put your home on the market, let’s discuss the contracts in selling your home.

Effective 2007, Real Estate contracts have been revised to include pertinent information that was absent from prior contracts. The "Exclusive Right To Sell Listing Contract" has over 30 paragraphs and sub - paragraphs that all parties need to comply with. Some paragraphs need a specific date or language, while others are your remedies or that of the other parties. As with any contract, you are advised to seek legal counsel or any other type of counsel regarding the contract. All Real Estate contracts are approved by the Real Estate Commission and some have been approved by legal counsel only with proper disclosure.

Information that I will need from you for the listing agreement are:

· Evidence of Title ( copy of title policy binder)

· Tax assessment bill or any special assessments

· Mortgage information on your current lender

· Property Survey Copies of any Leases if applicable

· Copies of your Note and Deed of Trust

· Homeowners Association Information

Besides discussing the LISTING PERIOD, PRICE, AND TERMS offered on the contract, which will be tailored to your individual circumstances, lets review some of the most common questions asked on the listing contract.

In completing the Listing Contract to Sell we need your LEGAL NAME as it appears on your title to the property. Prior to our meeting, I will obtain the County Assessor's information pertaining to your home which includes taxes. I will verify the information with you. I will require that everyone that has title to the home sign the Listing agreement.

The EARNEST MONEY DEPOSIT is the purchaser's consideration for purchasing the property. Normally the earnest deposit is held in the Listing Brokers' escrow account until closing, and credited to the Purchaser on the Settlement forms. If the purchaser does not qualify for their loan, or if any of the inspection contingencies are not acceptable to the purchaser, then the earnest deposit is usually refundable. The larger the deposit is the greater the interest on the property becomes. The earnest deposit check is usually made out to the name of the Listing Broker, who in turn deposits the funds into the Brokers Escrow account once a contract is accepted by all parties.

The next item we discuss will be the INCLUSIONS that stay with the home. Built-in appliances such as dishwasher and disposal stay with the property. Refrigerators are normally excluded from the sale as are the washer and dryer. It is totally your choice as to what you would like to stay with your home or to exclude. Curtains and window coverings are inclusions that normally stay with the home unless there have matching bedspreads. The MLS print-out will provide information on inclusions and exclusions.

Normally 3 to 5 days after closing the purchaser takes POSSESSION of your home. The purchase contract will call for a specific possession date that works for everyone. If you desire to stay in the home longer than 5 days, the purchasers may call for a Seller's Rent Back agreement, which simply states that you can stay in the property longer than the agreed upon possession date with a per diem rental rate until possession is delivered.

COMMISSIONS are paid at closing. No fees are due until then. From the total commissions due at closing, Re/Max 3000 Inc. pays the cooperating broker (if they secured the buyer for your home).

OTHER BROKERS, ASSISTANCE MULTIPLE LISTING SERVICE, Your home will be in the MLS and Realtor electronic systems and will reflect the method of compensation to other brokers.

When it comes to Real Estate, Roy’s attitude and service are OUTSTANDING!

HIRE ROY LOPEZ AS YOUR REAL ESTATE CONSULTANT FOR LIFE, TODAY!

Cell 303-888-7800 or direct line 303-967-2681, or e-mail roy@roylopez.com