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Property Records
In order to complete the listing agreement and market a property, certain information is needed by the REALTOR in order to facilitate the sale:
- All tax records including current assessments and tax
payments,
- If the property has a loan balance remaining, all
financing records including the name of the lender, loan balance, interest rate, PITI
(principal, interest, taxes and insurance) and the amount of assumable mortgage money
available, if any,
- Legal property description. This information can be
found on surveys, deeds or other recorded financial papers,
- List of personal property that will and will not be
conveyed with the property,
- Homeowner's association or condominium bylaws, if
applicable, and
- A list of major unresolved defects which should eventually
be disclosed to a buyer. If there is a major problem that is not to be corrected,
honest disclosure is still sound advice.
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