Tip: Although a popular practice in recent times (due to the savings on commissions paid to a broker), selling your own home without a broker is often more difficult unless you have a buyer in mind.

Be sure to ask potential agents the following:

• What problems do you see in marketing our home? (The broker should be honest about potential problems in selling the home and able to think creatively about solutions.)
• What would your plan be for marketing our home? What can we do to help you implement your plan? Listen carefully to the answer to find out whether the agent exhibits a willingness to think creatively in approaching whatever problems might exist with the selling process and whether he or she has a cooperative attitude.
• Will you include any ideas you have for selling the home in a listing agreement if we decide to sign with you?
• Where do you live? (You want a broker who lives nearby, who knows the good and bad points about your area.)
• How much is your commission? (The average commission is 6 or 7 percent. Although brokers sometimes take a cut in their commissions during the negotiation process in order to move a sale along there is no point in trying to bargain down a broker’s commission at this point.)
• Do you have a list of comparable homes? (Such a list is essential in helping you arrive at an asking price for your home.)

An exclusive right-to-sell type of agreement gives the broker the exclusive right to sell your house for a limited period of time. Other types of listing agreements vary either the exclusivity or time period of the listing. No matter which of these agreements are signed, the listing agent gets 100 percent of the commission if he or she sells the house and part of the commission if another broker sells the house.

Tip: Generally, try to limit an exclusive-right-to-sell agreement to a period of three months. This agreement will give the broker an incentive to sell the home, and it will still give you an out if you feel the broker is not doing enough for you. If you have substantial confidence in the broker, and you have seen and approved his or her plans for marketing the home, you may wish to sign a six month contract.

Tip: If, at any time during the marketing process, you feel that your broker is not as effective as he or she could be, switch brokers. Do not waste time with a broker you have doubts about.

• Make cosmetic improvements to get the house looking as good as possible. For instance, patch damaged plaster and drywall, repaint, and re-wallpaper. Spruce up the exterior by replacing broken shingles or shutters or doing some minor landscaping to give your home more “curb appeal”.
• Increase your home’s appeal to a wider range of potential buyers. Repair or replace any part of your home that’s been modified that might not appeal to the general population.
• Make your home cozy and inviting when potentials buyers come by. Make sure the interior and exterior are clean, neat, and well maintained. Have a fire burning in the fireplace, bake some cookies or an apple pie, or have a pot of coffee brewing. Put away toys and tools. Keep pets out of sight. Not everyone is as enamored of Fido as your family is. Try not to cook foods like fish with lingering odors.
• Here are some ideas for working with your broker to speed up the sale of your home.
• Offer a warranty. Sometimes offering a warranty on the roof, electrical system or appliances can speed up a sale or smooth the negotiating process, particularly if it’s causing buyers to balk at the asking price.
• Create a home sale kit with your broker. A home sale kit consists of flyers that are distributed to potential home buyers and contain photos of your home’s exterior, interior, and surroundings. The sales flyer should also list major selling points and include information about utility costs, taxes, and a floor plan.
• Do not help the broker show the home. Allow the broker to do his or her job. Make yourself available for questions, but do not try to help sell to potential buyers who are looking at your home.
• Offer a bonus to your broker. A bonus shouldn’t be obvious to the buyer because the buyer will wonder if the house price has been bumped up to accommodate the real estate broker’s bonus. Instead, offer the bonus in the form of an increased commission, say 3.5 percent instead of 3 percent.
• Take it off the market and re-list it later. If your house has been on the market for a long time, it may be perceived as undesirable. Taking it off the market and re-listing it at a later time sometimes helps

• Find out as much as possible about the potential buyer. Try to find out, for example, whether the buyer needs to buy a home quickly or is in a position to take plenty of time to negotiate. This will help you to decide what type of negotiating stance to take. Knowing details about the buyer’s family will help you point out how your home accommodates their needs. And, if you know that a buyer lives in an apartment and will need to buy appliances for their new home, then you can throw in deal sweeteners such as refrigerators, washer and dryers, and furnishings.
• On the flip side, try to reveal as little as possible about your own situation.

One final piece of advice is to avoid being confrontational, which can kill a potential deal during the negotiation process. The offers you receive will likely be 10 to 15 percent below your asking price. Do not be offended by this or by any “low-balling” techniques engaged in by buyers. Be willing to make some concessions. Make counter-offers and try to bring the offer closer to your asking price. If you feel that an offer is unreasonable, however, you can always reject it outright and wait for another buyer.

Hiring A Moving Company

One thing you should do immediately after the contracts are signed even though your moving date may be months away is to begin calling moving companies. Try to get recommendations from friends or colleagues. Call a number of movers for estimates. You will have to provide them with the number of miles involved in the move and the approximate weight of your belongings. The mover will help you in making this estimate. Do not use a mover whose estimate seems too low. The services provided may be second-rate. You get what you pay for!

Ask in advance about extra charges for heavy items, stairways, or pianos. Be aware that having the movers pack for you will increase your moving bill by about 30 percent. Also, you may pay a premium if you schedule your move during busy moving times, generally after the 25th of the month or before the 2nd.

• Start throwing away things you don’t want to bring with you.
• Decide which items you are leaving behind for the new owners, and tag them appropriately.
• If your move is job-related, ask whether your employer will reimburse you for part of the cost. Save any receipts relating to the move, since part of the cost will be deductible.
• Start shopping for a new bank in your new neighborhood. Open a checking account once you have found one with competitive fees and convenient branches.
• Get a change of address kit from the post office, and start notifying everyone of your impending change. Note that you will need to follow any instructions given by credit card companies, banks, and other institutions that are affected by a change of address; sending them a change-of-address card will generally not be effective.
• Call the schools in the new area to enroll your children.
• Obtain enough packing supplies from your mover, and begin packing, unless the mover will be doing the packing for you.
• Get copies of your medical and dental records (and veterinary records), so you can hand these to your new doctors after you move.
• Be sure your move is covered by insurance: either the moving company’s insurance or your homeowner’s insurance. Call your insurance company to determine whether the move is covered. Also, take care of transferring your homeowner’s insurance to the new home.

Then, as you get closer to the date of your move, take care of the following:

• Call the utility companies and tell them to turn on service in the new place. Schedule a date when they will terminate service in the old place.
• Pack your belongings in boxes. Mark each box with its intended location in the new home, and with a summary of its contents. When you are close to moving day, pack a separate bag with items you will need right away, such as medications, toiletries, and clothing.
• Switch your direct payroll deposit, and any automatic payments, to your new checking account. You will have to fill out a form to accomplish this. Two or three days before you move, take the money out of your old account and transfer it to your new account.

• If you are moving into an apartment building, discuss your moving plans with the landlord and make any necessary arrangements.
• Shop for auto insurance in the new area (if moving out of state).
• Confirm with the moving company. Write down directions to your new home.
• Transfer your brokerage account to your new area.
• Take valuables out of a safe deposit box and return the keys to the bank.
• Obtain travelers’ checks to cover the expenses of your move, and a cashier’s check to pay the mover (unless they will accept a personal check).
• Defrost your refrigerator.
• Leave a mail-forwarding order with the Post Office.
• On moving day, check your contract with the mover. Be sure the total cost of the move is clearly detailed. Make sure the moving date, location, and insurance information are correct.

• The IRS (use Form 8822) and state and local taxing authorities
• The U.S. Post Office
• Home, auto, and life Insurance agents
• Debtors and creditors, such as mortgage holders, car lien holders, other lenders, and people who owe you money
• Credit card companies
• Publications
• Clubs and services to which you subscribe such as auto clubs, lawn mowing services, cleaning services, and book clubs
• The Social Security Administration
• Any organization that periodically mails you a check, such as a pension check or veterans’ benefits
• Banks
• Employers
• Doctors, dentists, veterinarians
• Motor vehicle departments
• Places of worship and non-profit agencies you are involved with
• The registrar of voters
• Utilities, telephone service, answering service, and trash collectors
• Your professional advisors

• Principal broker: This is a person who is licensed to operate a real estate office. He or she may either work alone or employ other agents. Several years of experience are required to obtain this licensure. Anyone selling real estate must work under the supervision of a principal broker.
• Realtor: A realtor is a member of the National Association of Realtors, along with a state realtors’ association and a local board of realtors. Realtors are bound by a code of ethics. They are able to access a local computerized database of homes for sale known as the multiple listing service (MLS).
• Agent: This is the general term for any licensed professional in the real estate sales business.
• Listing agent: A type of agent who signs up the home seller and lists the home with the multiple listing service.
• Selling agent: An agent who finds a home for sale (through the multiple listing service) and finds a buyer for it.
• Buyer’s agent: The buyer’s agent is employed by the broker selected by the buyer.

Note: On a home sale, the listing agent and the selling agent split the commission with each other and with their principal brokers.

• Family room
• Fireplace
• Dining room
• Linen closet
• Garbage disposal
• Wall-to-wall carpeting
• Smoke detector
• Two-sink vanity (bathroom)
• Double-glass windows
• Range hood and fan
• Bathroom dressing area
• Patio
• New, stronger locks
• Central air
• Guest room
• Bathroom exhaust fan