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Conditions of Sale


HIGHTOWER REALTY
Denis Le Marchant-Smith
407-922-3080


Your Contact Information

Please let us have as much contact information for you as you can, ranked in order of preference. We will need the full names of all owners recorded on the title deed, together with your legal mailing address(es). Because we will probably need to reach you quickly to discuss offers and other aspects of the sale, you should give us your primary email address, and any other email addresses that may find you at different times, such as at the office. Also any telephone numbers where you can be reached, and when (ie home, office), and fax numbers if you have them. Some steps in the selling process are very time-critical, and any time zone differences add to the importance of maintaining contact between us at all times.

Conditions of Sale

If you wish to impose any conditions on the sale, we need to be aware of these as soon as possible so that we can make sure that the buyer is fully informed about them. One common condition relates to advance rental bookings. If you require as a condition of the sale that the buyer honors the existing bookings and rental rates, this needs to be written into the contract, and the buyer will need at least a summary of dates and rental rates at an early stage so that he can see what he is agreeing to.

If you have items in the home that you want to keep, and which need to be excluded from the sale, this must be made clear before a contract is established. This will not normally include items in a locked owners cupboard, as the wording on the contract will say something like 'including furnishings seen at viewing' - so anything that is not visible isn't included anyway.

There will occasionally be other issues that need to be clarified up-front. If in doubt, keep in mind the principle of full disclosure. If it is going to affect the buyer, his enjoyment of the property, or the value of the property, then you are obliged to disclose it.


Quick Definitions

Escrow account - a legally protected holding account into which a buyer's deposit will be retained until released at closing.

Sellers disclosure - a standard form that allows the seller to provide the buyer with basic information about the home and its services.

Title company - the title company acts in a legal capacity, checking on title, arranging title insurance, and coordinating closing and the distribution of funds.

Home appraisal - this is an independent valuation of the home, required by the lender as the basis for the loan amount.

Home inspection - this is carried out at the buyer's expense to identify any problems with the home that may need to be fixed before closing.

Closing statement - also called a HUD1 statement, this is the financial balance sheet that forms the basis of the distribution of funds at closing.