FAQ'S

Q: What signatures are needed when making an offer?

A: Traditional deals = Your Name; Assignment Contact = Your Name or Assignee(s)

Q: What kind of contingencies should be included in making an offer?

A: Number of days to inspection; type of financing; Clear Title.

Q: When is “Earnest Deposit Money” due?

A: Normally “due upon contingency release.”

Q: What additional papers are needed after Offer is accepted?

A: Purchase & Sales Agreement w/ Sellers Disclosures: (Lead Based Paint & termite)

Q: What inspections are needed?

A: well, septic, radon inspections & fire place.

Q: What about an “Escrow”

A: Name of Closing Attorney or Title Company; Title Report; HUD 1 Settlement signed; Homeowners Insurance; appraisal.

Q: What you need to know about selling a house of a deceased family member?

A: Typically heirs/beneficiaries are allowed to go through “Probate” to settle deceased’s finances.

Q: Who are the players involved in Probate?

A: Executor/Personal Representative; Petitioning Attorney; Beneficiaries; Title Company; Realtor.

Q: What is the length of time to complete Probate process?

A: Good News is you can sell decedent’s property while still going through Probate Court.

Q: Where can I go to find out more information about state and local laws regarding Probate?

A: National Conference of Commissioners on Universal State Laws (NCCUSL); www.uniformlaws.org