For most people, the most complex transaction they will ever be involved in is buying or selling a home. The questions and answers that follow discuss some of the main parts of the purchase or sale of residential real estate. It is hoped that the information provided here will be helpful to you in familiarizing yourself with residential real estate issues and terms.
Nothing provided here, however, is a substitute for advice of competent counsel .
In addition, residential real estate transactions are subject to varying laws and customs in each jurisdiction so some of the information in the Web page may not be correct for your jurisdiction. The most effective way to sell your property is to list it with a licensed real estate broker. Real Estate brokers typically charge a commission equal to a certain percentage of the sale price of your home. The Realtor will ask you to sign a Listing Agreement before undertaking any steps on your behalf. The Listing Agreement is a legally binding document that sets forth the duties and responsibilities of each party.