Releases & Forms

FORMS. Although not exactly anybody’s favorite part of a complex transaction, forms are nonetheless necessary and should be regarded by you in a very serious manner.

Most of the forms within this section are legally bindingwhich means if your John Hancock graces them, you are held to the conditions stated on that form. Most of the forms are relatively easy to understand, but please...if there is something you don’t understand, ask us questions or consult a lawyer

RELEASES Mortgage Verification Letter A mortgage verification letter is simply a letter that we send to a mortgage company so that your lender will supply the title company with the necessary information to facilitate the closing.

Utility Cost Information This is a letter that we send to various utility companies to ascertain what your annual utility costs are. We require this information so that we can inform prospective buyers of certain utility costs. For example, a buyer might like to know how much electricity your home uses in the dead of winter, or how much a lawn sprinkler system adds to home costs.

LEGAL FORMS Seller’s Property Condition Disclosure Statement * This form is to be filled out by the seller, and is basically a list of all the things that a home includes and contains, with a indication of these items’ condition. Also included on this form are property improvements, property risks (i.e. are you on a flood plain?), and other pertinent information. Be aware that a disclosure statement is not a warranty of any kind, and is not a substitute for home inspections or warranties the buyer may wish to obtain. Neither the Buyer’s Agent or the Seller’s Agent have any responsibility to make sure that this information is reliable.

Re/Max Boone Realty Listing Agreement * The Re/Max Boone Realty Exclusive Right to Sell Listing Agreement is a legally binding form that is an agreement between yourself, the Seller, and Susan Horak, the Sellers Agent.

It outlines the terms of your business agreement, including the expiration date of the listing, Susan’s commission, selling price, and other legal conditions. Again, if you don’t understand the contents of this form, please ask us or seek legal advice.

Multiple Listing Service Residential Data Form*

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The MLS Residential Data Form is an important form. The form lists all of the features of your home, the selling price, and other data. This form is completed, then taken to a central location and entered into a computer. The information then becomes available to hundreds of Columbia real estate agents by way of the Multiple Listing Services remote log-on sites.

Contracts for the Sale of Residential Real Estate* This contract is probably the final contract you will enter into with a buyer. It lists the sale price, conditions, contingencies, and other factors in the sale. Again, if you don’t understand the contents of this form, please ask us or seek legal advice. * You should have copies of these document at all times. If you find you are missing one, please call our office att 447-2146, and duplicates will be provided for you.

OTHER DOCUMENTS Estimated Sellers Proceeds This form provides you with an idea of how much you can expect to earn from the sale of your home. Please remember, the result of this form is an estimate - it is not carved in stone. Other unexpected expenses can creep up during closing: unexpected repairs, legal fees, etc.

Special Features As you are probably aware, our in-house graphic designer team produces brochures and various other marketing material for your home. Although a designer goes to your home to take pictures and notes, it still helps if you can provide details that aren’t so apparent.

For example, are there a lot of children in the neighborhood? Are you close to parks or the MKT Trail? Do you find that your home seems cool in the summer? These “intangible” factors are important and might make the difference with a vacillating buyer.

Showing Instructions As you are probably aware, our in-house graphic design team produces brochures and various other marketing material for your home. Although a designer goes to your home to take pictures and notes, it still helps if you can provide details that aren’t so apparent.

For example, are there a lot of children in the neighborhood? Are you close to parks or the MKT Trail? Do you find that your home seems cool in the summer? These “intangible” factors are important and might make the difference with a vacillating buyer.