Questions About Today’s Real Estate? ASK PHYLLIS!

Posted by on May 26th, 2011 and filed under Between Friends. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Ask Phyllis!

Are There Upfront Fees When

Selling Your Home?

Dear Phyllis,
I’m thinking of selling our home this summer. I have a few concerns about what to expect in fees. What upfront costs am I going to encounter when listing my home for sale with a Realtor®? Do I have to initially order any disclosures or inspections such as termite or home inspection? What should I anticipate?
In the Prep Stage

Dear Prep,
When interviewing real estate agents, be certain to ask the above questions. But generally your Realtor® will bear all of the upfront costs associated with marketing your home.

1) In Los Angeles County, home sellers customarily pay for section I termite work (active infestation). Most real estate agents have relationships with termite companies and are able to provide their clients with a complementary termite inspection. I suggest having this report ordered ahead of time so that if there is termite work recommended you will be apprised of the cost of the work. Having the report ahead of time ensures that when you accept an offer from a buyer you will have a fairly accurate idea of what your net proceeds will be.

2) Although some real estate agents believe in pre-inspections, I do not. I believe that it is helpful for a buyer to be with the inspector during the inspection and that only reading an inspection report can be daunting. I also prefer that the buyer make the financial commitment by ordering their own inspection.

3) There are a few disclosures and reports which your real estate agent or escrow will order, but your Realtor® should handle this or coordinate with escrow.

Phyllis Harb is a Realtor with Prudential California Realty.

She may be contacted at

(818) 790-7325

or by email

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