RE/MAX Sails Logo
Today is Sunday, June 25, 2017
The CHRIS COOKE Team
“We SELL MORE Because We DO MORE!”

Seller Resources, Frequently Asked Questions

Homepage  Contact    

Seller's Resources


Answers to Frequently Asked Questions

What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.

What is a wood-destroying organism inspection report?
A wood-destroying organism inspection report is a written opinion by a qualified state licensed structural pest control inspector based upon what was visible and evident at the time of inspection. The inspection report does not in any way represent or guarantee the structure to be free from wood-destroying organisms or their damage, nor does it represent or guarantee that the total damage or infestation is limited to that disclosed in the report. Wood-destroying organisms include subterranean termites, dampwood termites, carpenter ants, wood boring beetles and wood decay fungus.

What are the hazards of lead-based paint?
All buyers and sellers are required by law to receive and read a pamphlet outlining the hazards of lead-based paint for homes built before 1978. Be sure to ask your real estate agent for a copy.

What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For sellers, they are usually about 9.5-10% of the total sales price of a property. Some of the closing costs you might encounter are: discount points, escrow fee, documentation fee, homeowners' association fees, pest/rot inspection, real estate commission and title insurance premium.

What is the difference between "pre-qualified" and "pre-approved"?
If a buyer is "pre-qualified" it has been determined, with a loan officer, what price the buyer can afford based on the down payment, debts and the amount the mortgage company will approve for the mortgage. Being "pre-qualified" is only a determination of probable credit. If "pre-approved", credit, employment and funds have been approved by the lender.

What should a home inspection include?
Every inspection should include, but not be limited to, an evaluation of the following:
1. Foundations
2. Roof
3. Heating and air conditioning systems
4. Ventilation
5. Common areas (for condominiums)
6. Septic tanks, wells or sewer lines*
7. Insulation
8. Plumbing and electrical systems
9. Ceiling, walls and floors
10. Doors
11. Hazardous materials concerns*

* There may be an additional fee for this.

What property details are usually included by Listing Services?
Usually, properties listed will include the following details:
  • Location
  • Photograph
  • Price
  • Utilities
  • Amenities
  • Annual property tax
  • Current financing (when assumable)
  • Listing company
What pages are generally included in the Purchase and Sales Agreement?
  • Agency Disclosure
  • Financing Addendum/Clause
  • Earnest Money Receipt
  • Inspection/Clause
  • Conditions/Disclosures Addendum
  • Contingency
  • Addendum Outlining Special Conditions
  • Lead-Base Paint Notification
  • Property Disclosure Form (completed by Sellers)

« PREV
Chris Cooke Seller Resources, Frequently Asked Questions Chris Cooke
Team Leader
Real Estate Professional
Realtor ®
Office:    (410) 814-2408
Toll Free: (888) 397-9114
Mobile:    (443) 802-2728
RE/MAX Sails logo
The CHRIS COOKE Team
RE/MAX Sails
3500 Boston Street
Baltimore, MD 21231
Seller Resources, Frequently Asked Questions
Cities Served in the Greater Baltimore Metropolitan Area
Baltimore | Glen Arm | Nottingham | Parkville | Perry Hall | Rosedale | Towson | White Marsh

Maryland Counties in the Greater Baltimore Metropolitan Area:
Anne Arundel County | Baltimore County | Carroll County | Harford County | Howard County


Seller Resources, Frequently Asked Questions
This is the Seller Resources, Frequently Asked Questions page of Maryland Real Estate (md-re.com) for the The CHRIS COOKE Team of RE/MAX Sails - We SELL MORE Because We DO MORE!
Home About Chris About Us Contact
Buyers Buyer Resources FREE HOME SEARCH Home Listing Update Sellers Seller Resources YOUR HOUSE VALUE Community Info Public School Info Police & Sheriff Info

The CHRIS COOKE Team of RE/MAX Sails

The CHRIS COOKE Team


How much is
Your Home Worth?
Get a FREE

Comparative Market Analysis

Looking to Buy a Home?
Get a FREE

Home Listing Update!

Each RE/MAX ® Office Independently Owned and Operated.
All information contained herein is provided by RE/MAX ® Sales Associates. Although this information is believed to be reliable, neither RE/MAX International, Inc., nor any regional affiliate of RE/MAX International have verified the accuracy of such information and are not responsible for any misinformation or inaccuracies.
Maryland Real Estate