what customarily in a sales transaction in your area. Keep in mind this is a general estimate. Once you receive a purchase offer you can then review what the closing costs will be for the seller. • I have inherited a home and am named the successor trustee; do I have to provide a copy of the trust? In the bay area the realtor will order a preliminary title report from the title company and if the home is in a trust and is to be sold by the successor trustee then a copy of the trust will need to be provided to the title company before putting the home on the market. • Is this a good time to sell our home? What are the current market conditions? Sometimes homeowners must sell for whatever reason and sometimes homeowners want to sell but selling is not a must. Market conditions are continually changing so today may be a "seller's market" but can change quickly. So, all we can do is tell you what the market conditions are on the day the question is asked and give an educated guess on what the market condition may be like on the day the home goes on the market. • What do you recommend for the list price? A list price is a strategic price decision that the seller will have to make after discussing list price options with their realtor. Typically, a realtor will give a recommended list price after taking into consideration the seller needs, estimated market value of the home and market conditions. Usually, the goal is to sell the home in the time frame and for the terms that works for the seller and to get the highest price possible. Making the right list price decision will have a big impact on the final results, ultimately the list price
9
Powered by FlippingBook