{"id":465,"date":"2022-04-15T02:10:00","date_gmt":"2022-04-15T02:10:00","guid":{"rendered":"https:\/\/stacygrove.com\/blog\/?p=465"},"modified":"2022-04-13T02:11:05","modified_gmt":"2022-04-13T02:11:05","slug":"everything-you-need-to-know-about-listing-contracts-in-indiana%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/stacygrove.com\/blog\/everything-you-need-to-know-about-listing-contracts-in-indiana%ef%bf%bc\/","title":{"rendered":"Everything You Need to Know about Listing Contracts in Indiana\ufffc"},"content":{"rendered":"\n
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Selling your home is a big undertaking. There is cleaning, and staging, and photography . . . and eventually (if you hire an Indiana Realtor), a six-page listing contract for you to sign.<\/p>\n\n\n\n

Here are a few things to keep in mind about that listing contract as you\u2019re working through it with your broker (and don\u2019t worry\u2014he or she will answer any questions you have as you go).<\/p>\n\n\n\n

Contract Terms<\/h2>\n\n\n\n

Listing contracts do not auto-renew. Therefore, yours will have a start and an end date. Within one business day of the start date, the listing must be in the Indiana Regional Multiple Listing Service (IRMLS.) Be sure to talk with your broker about various strategies when it comes to your listing date. There will also be some legalese, including how much the broker will make upon the sale and a statement about the exclusive right for that broker to sell your property.<\/p>\n\n\n\n

List Price<\/h2>\n\n\n\n

This is one of the most important parts of listing your home\u2014the price. It needs to attract potential buyers while also being justified by the local brokers and eventually an appraiser. Hire a broker who can help you find solid comparable sold properties to establish your price so you get it right the first time.<\/p>\n\n\n\n

Permanent Improvements and Fixtures<\/h2>\n\n\n\n

Many items in your home are considered permanent fixtures, including built-in kitchen appliances, owned water softeners, curtain rods, and wall mounts. Even storage barns and sheds are considered fixtures in the sale of your home and transfer for the accepted offer price. If there\u2019s something you want to take with you that would normally go with the sale of the home, it\u2019s up to you to spell it out in the listing contract.<\/p>\n\n\n\n

Personal Information<\/h2>\n\n\n\n

Beware: Indiana listing contracts authorize potential buyers or buyers\u2019 brokers to take videos, photos, and electronic images of the property while they\u2019re in your home. Therefore, sellers should remove any items of a personal nature that they don\u2019t want photographed, transmitted, or recorded such as family photos, paperwork, or personally identifiable information. Have a special collection you don\u2019t want people to know about? Pack it up before you list.<\/p>\n\n\n\n

Utility and HOA Information<\/h2>\n\n\n\n

Many buyers will want to consider the cost to heat and cool the home. Have your utility information available to share with prospective buyers.<\/p>\n\n\n\n

If you live in a neighborhood with mandatory membership in an HOA, talk to the board and get updated covenants and restrictions for buyers to review before making an offer. This is a contingency of the Indiana purchase agreement, and buyers can get out of the contract if they find something they don\u2019t like in the HOA documents.<\/p>\n\n\n\n

Residential Real Estate Sales Disclosure Form<\/h2>\n\n\n\n

This form is a key part of your listing. This lists all the major components of your house, and you have four options for each one: none\/not included, defective, not defective, and do not know. What we always say to clients is to disclose, disclose, disclose. Write it in there if something doesn\u2019t work properly in your home or you\u2019ve had problems in the past. A buyer is going to make an offer based on what you\u2019re disclosing to them is wrong with it. If something comes up during inspections and you\u2019ve disclosed it, you don\u2019t have to fix that thing as long as the buyer has seen and signed the sales disclosure.<\/p>\n\n\n\n

Fair Housing<\/h2>\n\n\n\n

Due to fair housing risks, brokers will not prepare, review, or submit personal information letters, including photographs from buyer to seller. These are also known as love letters, and they are a big no-no.<\/p>\n\n\n\n

While there\u2019s more to a listing contract than what\u2019s discussed here, these are the major things you should know about if you\u2019re considering selling your home. Remember, your broker is there to help if you\u2019re not sure.<\/p>\n","protected":false},"excerpt":{"rendered":"

Selling your home is a big undertaking. There is cleaning, and staging, and photography . . . and eventually (if you hire an Indiana Realtor), a six-page listing contract for you to sign. Here are a few things to keep in mind about that listing contract as you\u2019re working through it with your broker (and […]<\/p>\n","protected":false},"author":2,"featured_media":466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/stacygrove.com\/blog\/wp-content\/uploads\/2022\/04\/Listing-Contracts.png","_links":{"self":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/465"}],"collection":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/comments?post=465"}],"version-history":[{"count":1,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/465\/revisions"}],"predecessor-version":[{"id":467,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/465\/revisions\/467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/media\/466"}],"wp:attachment":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/media?parent=465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/categories?post=465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/tags?post=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}