- Introduction
- Plan Your Program. Start Early
- Should You Sell?
- Steps before the Listing
- Selecting a Real Estate Agent
- Listing Contracts
- Real Estate Commissions
- For Sale by Owner
- Getting an Offer
- Negotiating Items
- Entering Into a Contract
- Hiring an Attorney
- Financing the Deal
- Seller Financing Alternatives
- Before the Closing
- Home Inspection
- Sample Closing Costs for Items Paid by Seller
- The Closing
- Bridge Loans
- Taxes
A number of events (and pitfalls) can occur between the time you sign your contract to sell and the final closing. There is no way to guarantee that your journey will be a smooth one, but at least do your part to make everything easier.
One item you have no control over is the bank's appraisal of the property. The lender needs to know that your home has sufficient value to cover the amount of the loan. A lender usually will not lend more than 75% to 80% of the value of the property (this can be higher, depending upon the lender and the buyer's credit rating). Although you do not have control over this event (the lender automatically sends an independent appraiser to tour the premises), it should not be a problem for you, as long as the price reflects the home's true value. It may cause trouble for you if the buyer is trying to buy more home than he or she can afford. Hopefully, the selling agent has pre-qualified your buyer.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
