Obviously the name of the seller and the property address will be included in the listing contract. There are many other things that are included, too, and you should be aware of them.
Price and Terms of Sale
When setting the terms of sale, the main thing you are concerned with is the price. You should have a basic idea of what your home is worth by keeping track of other sales in the neighborhood. Plus, you have probably interviewed at least two real estate agents and they have given you their own ideas. Exercise great care in determining your asking price, making sure not to set it too high or too low.
In addition to the price, you will disclose what personal property, if any, goes with the house when you sell it. Personal property is anything that is not attached or fixed to the home, such as washers, dryers, refrigerators, and so on.
There may be some item that is considered "real
property" that you do not intend to include in the sale. Real
property is anything that is attached to the home. For example, you may
have a chandelier that has been in your family for generations and you
take it from home to home when you move. Since the chandelier is attached
to the house, it is considered "real property" and a reasonable
buyer would normally expect it to go with the house. The listing contract
should make clear that it does not, and your agent should also enter this
information with the Multiple Listing Service.
Related Information:
1. Real
Estate Commission
2. The
Multiple Listing Service - A HUGE NETWORK
3. Agency
Duties of a Listing Agent
4. The
Lockbox
5. Resolving
Disputes with Your Agent