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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.
Title-related fees: Home sellers in many areas are responsible for paying the costs of a title search and title insurance, which protect against potential ownership issues.
And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract. A judge could order the seller to sign over a deed and complete the sale anyway. “The ...
Starting on Aug. 17, agents who list homes for sellers on widely used realtor databases won’t be able to use those databases to offer any payments to buyers' agents.