Home Sellers Guide—What information should you collect before listing?
You’ve decided to list your home. You’ve decluttered it. You’ve painted it. You’ve made minor repairs. You’ve done everything that you can to make it memorable for home buyers.
Now it’s time to think about the documents and information that you should collect to make the marketing and closing of your property easier. This may be time-consuming but it will help your listing agent answer questions about the property and smooth the path from contract to closing. Before you sit down with your agent to sign the listing agreement and disclosures, spend some time pulling together the following items.
- Age of the equipment in the house. Think about when the appliances, the heating and cooling systems, the water heater and the roof were last replaced or repaired. Collect receipts and warranties for these items. Buyers also appreciate receiving the instruction booklets for the equipment.
- Service contracts for security system, pest control and mechanical systems in the house. Home buyers may want to continue these contracts and will ask if you have them.
- List of the utility companies that serve the property and average bills for utilities. Home buyers may ask about the cost of the utilities in your home. A list of the utility companies with telephone numbers will be useful when it is time for the buyers to transfer the utilities into their names.
- A copy of the survey from your closing of the property. This will give buyers useful information about property boundaries and easements.
- A copy of the measurements of your home from an appraisal you’ve had done. Your listing agent will measure your home to determine size. An appraiser’s sketch will help your agent with the measurements.
- A copy of the title policy you received after your closing. The title policy describes easements and other legal matters that may affect the title to your property. Your home buyer may request this information.
- Contact information for the Homeowners Association president and the property management company for the Homeowners Association. You will need this information to fill out state disclosures included in the listing paperwork.
- A copy of the covenants and restrictions that govern your neighborhood. Most buyers will want to review these documents prior to closing.
- Mortgage information. Collect the lender names, addresses, account numbers, loan balances and phone numbers of all loans, including home equity lines, that you have on the property. Your listing agent will need loan balances to estimate how much you will net from the sale of your home. The closing attorney will require lender information to order payoffs for closing.
- Extra keys for the lockbox. Your agent will need a copy of each key needed to open the doors of your home and detached buildings. If you have new copies made, make sure that they work in the lock before giving them to the agent.
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Copyright 2012. Carol Fox. Allen Tate Realtors. *Home Sellers Guide—What information should you collect before listing?