Boston Real Estate FAQs / Selling
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Articles
- What is a home inspection contingency?
A home inspection contingency allows buyers to have professionals inspect the property to their satisfaction before...Not rated Views:1167 - What is a mortgage contingency?
A mortgage contingency is a stipulation that makes the sale dependent on the buyers' ability to obtain a loan...Not rated Views:1158 - What is seller financing?
Seller financing is when a seller holds a mortgage on the property. In many cases, seller financing in used in addition...Not rated Views:1447 - Am I obligated to disclose the terms of other offers to a prospective buyer?
No, you are not obligated to disclose information about other offers to a prospective buyer.Not rated Views:1056 - What is an "earnest money" deposit?
A serious buyer will put down an "Earnest Money Deposit" as a show of good faith. This shows the seller that...Not rated Views:1262 - Who pays the fee of a buyer's agent?
A buyer's agent has a contract with a buyer which states that the agent will help the buyer find a home for a specified...Not rated Views:1269 - What is a Purchase and Sale Agreement?
Usually signed about 10 days after the Offer to Purchase, the Purchase & Sale Agreement (commonly referred to as...Not rated Views:1268 - What if I decide I want to change something in the contract?
Additions, deletions, or changes of any sort to these documents can be made as long as they are agreed upon in writing...Not rated Views:1269 - What happens if the appraisal is too low?
If an appraisal comes in too low, there are several options. You could speak with the appraiser and point out some...Not rated Views:1646 - What happens if the buyer's loan is not approved by the deadline in the contract?
If a commitment for loan cannot be obtained by the specified date, then the parties can either sign an extension to...Not rated Views:1146 - What happens if the buyer's loan is denied?
If the buyer's loan is denied, they must notify you in writing before the deadline in your contract in order to keep...Not rated Views:1234 - Should I keep making my mortgage payments if I'm selling my home?
Yes. You should not stop paying your mortgage because of the sale of your house. Mortgage payments include interest for...Not rated Views:1240 - What is a final walk-through?
A final walk-though is an opportunity to for the buyer to walk through the property and make sure everything is the way...Not rated Views:1209 - What does the closing attorney do?
The closing attorney orders a title search on the property to be sure that there are no outstanding liens against it....Not rated Views:1259 - Who does the closing attorney represent?
The closing attorney almost always represents the lender's best interests in the transaction. Much of the paperwork at...Not rated Views:1612 - What happens at the closing?
At the closing, you will be required to sign a deed, and a several tax documents. The buyer will sign a mortgage, and a...Not rated Views:1598 - What do I need to bring to the closing?
You will need to obtain a smoke detector certificate and final water reading and bring them to the closing. I can...Not rated Views:1722 - What documents should I leave in the house for the new owner?
Any important documents, such as any warranties or owner's manuals on appliances that are staying in the house. Also,...Not rated Views:1689 - What are some of the worst mistakes home sellers make?
Overpricing can keep your house from selling, even after the price is reduced. Buyers are most attracted to homes that...Not rated Views:1655
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