
As a seller,
you will be asked to fill out and/or sign many forms. You probably know
this from buying the property you have now, or from previous sales. (Of
course, buyers have many of their own, as well as some of the same ones
you will be obliged to complete.) The process can seem overwhelming at
times, but as your agent, I will be able to guide you and help you understand
the seemingly huge amount of paperwork. Patience is key, as is keeping
in mind the end result which makes it all worthwhile.
Be particularly mindful of the paperwork that needs to be completed within
the time frames stated in the Purchase Agreement contract. Doing your
part to sign and complete all necessary paperwork in a timely manner will
streamline the process and assure that you are protecting yourself legally.
Working together continually with the escrow officer and others involved
in the transaction, I will keep you apprised of all timelines.
I have listed some of the key forms used in California as well as Napa
County. A few of these are used right from the start of working with an
agent. The majority of forms used are required by law. Other "lesser"
forms can vary by county and state and from company to company. I'm happy
to help with all of the details. Be sure to understand what you are signing.
Ask as many questions as needed and take your time.
Several of the forms are listed here with the first seven available to
view if desired.
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Disclosure
Regarding Real Estate Agency Relationships
This will likely be the first form you see when you are working with
an agent. It addresses the different types of agency relationships:
Representing the buyer only / the seller only / or the possibility
of representing both—referred to as Dual Agency. |
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Disclosure
and Consent for Representation of More Than One Buyer or Seller
This form should also be presented to you at
the very onset of working with an agent. Agents are required to disclose
that they may be representing more individuals than just you. Additionally,
the form requires consent from you for this common practice. |
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Listing
Agreement This is the contract where
you enter an agreement with a Real Estate company to list your property.
The most common type is the Residential Listing Contract, however
there are variations for manufactured homes, probate sales and commercial
properties. It usually has an attached form entitled, "Sellers
Advisory." (Not shown.) |
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Transfer
Disclosure Statement This 2-page form
is for you to disclose anything and everything that you know about
the property, its features, problems and issues, etc. Your agent can
not assist you in filling out this form, although they have their
own inspections and disclosures to make. Again, the residential form
is the most common, however there is separate one for manufactured
homes as well as a form for new construction, entitled: New Construction
Property Disclosure Statement. |
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Seller's
Property Questionnaire This is a 3-page
form in which you as the seller can disclose additional information
not included in the Transfer Disclosure Statement. |
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Information
Regarding Mediation, Arbitration and Liquidated Damages A
form that explains the clauses in agreements that relate to dispute
resolutions and liquidated damages. |
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Statewide
Buyer and Seller Advisory This 10-page
form addresses the rights and duties of buyers, sellers and brokers.
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Other forms that may or may not be a part
of the negotiations and escrow process (some required, some dependent
upon circumstances) are:
In addition to these, you will be asked to sign upon receipt, several
buyer-specific forms.
* Please note that the above list does not necessarily state the only
forms which may be required in your transaction. In addition, forms are
subject to change.
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