Tuesday, August 15, 2006

What To Ask A Realty Agent

Selecting the best realty agent to list your home for sale and asking the right questions are key components to a successful sale.

Interview two or three realty agents before deciding which one to go with. Ask each realty agent several questions and listen carefully to the answers.

One such question is whether or not the agent believes the property should be sold "as is." The reason is that some realty agents are of the opinion that "as is" sales greatly hurt marketability whereas other agents encourage "as is" sales to discourage after-sale litigation.

Most US states now require home sellers to fill out a disclosure statement listing any known defects that materially affect the market value of a property. This procedure usually avoids after-sale lawsuits if the buyer was informed of all defects.

Many home sellers choose to sell "as is", with the buyer doing the necessary repairs or updating. Known defect should still be listed.

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