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Sellers are required to complete the PIQ and to be "truthful and accurate". A PIQ is typically about eight pages long, unless the home being sold is a leasehold property, in which case there are further questions to be completed. There are two types of questionnaire: one for newly built properties and another for other types of property.
Since the agent is representing the buyer, not the seller, the seller may hire an attorney to review the transaction and ensure all required disclosures are made. Flat-fee and hourly home selling. Alternatively, a home seller can either pay a flat-fee or hourly fee to a real estate agent. This can be a one time payment, or an ongoing hourly ...
Initially the cost of a Home Information Pack, including the Home Condition Report, was estimated to be around £600 by the Government. [19] This was to include the cost of the postponed Home Condition Report, which was expected by the Department for Communities and Local Government to cost between £250 and £1,000.
However, this amount is not shouldered entirely by one party; it’s split between the home’s buyer and seller. Common closing costs for sellers. First, let’s clear up a common misconception: ...
Home sellers can give themselves an “out” by adding contingencies to the contract that make the sale contingent upon certain conditions. For example, a seller can make the sale contingent upon ...
The new rules were agreed to as part of a $418 million settlement with the National Association of Realtors and several large real estate firms last March, ending the first in a string of similar ...