The Contract of Sale
The contract should include:
- Purchase price;
- Amount of mortgage;
- Mortgage contingency, if any
- Quality of title to be conveyed
- Date of possession;
- Itemized list of personal property included in the sale;
- Itemized list of personal property excluded from the sale;
- Satisfactory building and other applicable inspections.
The contract is reviewed by the buyer and his lawyer, and signed within several days. The buyer issues a check for about 10% of the purchase
price, which is deposited on an escrow account by the seller’s attorney. At the time of the closing, this money will go towards the purchase price
Closing
At closing all parties sign all the paperwork needed to complete the sale. You transfer the title to the property to the buyer, and in exchange, you
receive the payment for the house. The buyer receives the keys to the house. All documents such as deeds and loan paper are prepared and
signed. These documents will be filed with the local property record office.
From the sum you receive for the sale, the title representative subtracts the money needed to pay off the existing mortgage and other transaction
costs.
I look forward to working with you!

In preparation for sale, you should gather all necessary paperwork, so
you are ready before an offer comes. You may also select a real estate
lawyer to represent you. I will be able to provide you with a list of
documents you need to prepare, as well as help you choose an attorney.
Remember that the first impression is important! There are many little
things you can do to enhance the value of your property and to maximize
the impression it makes on the potential buyer.
Setting the price
How do you know what is the fair price for your house? The only way to
find out is to compare your property with properties that have similar
location, condition and amenities. You can make such a comparison by
looking at the comparative analysis I prepare for each seller. It contains
information about similar houses sold in your area
The comparative analysis provides knowledge about the current supply
and demand for properties in your area. Based on this, we can create
the pricing strategy for your house.
Setting the right price for your home is extremely important! To
understand why, let's imagine the following scenario:
- The seller demands a price that is unrealistically high
- Potential buyers and their agents do not want to see the house,
as other comparable properties in the area have more attractive
prices
- The house remains on the market, while the houses around it
are selling
- Potential buyers start to wonder what is wrong with the house
- The seller is getting impatient, lowers the price below the market
value, and finally sells the house for less than it is actually worth.
How I will market your house
Your house will be marketed on multiple Internet sites, specialized in
real estate. Once listed, it will remain there until it is sold.
One of these sites is the Multiple Listing Service (MLS), which is a
computerized network of over 1,500 real estate offices across Nassau,
Suffolk and Queens counties. MLS enables brokers and agents to share
listing and sale information. Thanks to this network, your house will be
visible to all the potential buyers who are looking for homes through any
of these 1500 offices!
I will also arrange a Brokers' Open House, and a Public Open House
and display a "For Sale" sign in front of your house.
When an offer is presented
All offers are presented to you as the property owner. An offer is made in
writing, and it contains the following elements:
- The sum the buyer is willing to pay;
- The amount of the buyer’s mortgage;
- Closing date;
- Occupancy date;
- What personal property is included in the sale or excluded from it;
- Contingencies such as obtaining a mortgage or various
inspections (for instance, building inspections, tests for termites
or lead), which depend on the property .
I will help you negotiate the best possible price. The negotiations
process is such that if you don’t wish to accept the offer, we can present
a counter-offer, until you and the potential buyer reach an agreement.
When you accept an offer, I will arrange an appointment for all the
necessary home inspections. At this point, you should also arrange with
your lawyer for the drawing of the formal Contract of Sale.

Dedicated to selling your house successfully...
255 Executive Drive, Suite 104 Plainview, NY 11803
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Tomasz Raczkowski 516.642.9119
Real Estate Agent Licensed in State of New York
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What would your home
sell for in today's market?