For every federally related mortgage transaction, a HUD-1 Form must be filed. The HUD-1 Form lists a complete accounting of the purchase transactions. Below you will find a complete explanation of the HUD-1 Form along with a downloadable version of the form. Click this link to download the HUD 1 Form. 

http://170.97.67.13/offices/adm/hudclips/forms/files/1.pdf 

Calculating the Amount Borrower Needs at Settlement  

The first page of the HUD-1 Settlement Statement summarizes all the costs and adjustments for the borrower and seller. Section J is the summary of the borrower’s transaction and Section K is the summary of the seller’s side of the transaction. You may receive a copy of the seller’s side, but it is not required.

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How to negotiate with a buyer on your home selling process? What is the focus from buyer's point of view? You need understand buyer's standings and then you will be able to take proper strategies to counter back. Best negotiators are always the good listerners. Here is an article about negotiations from buyer's view. Read this, it may help you as a home seller.

Home Buying Negotiations Round One: Price and Terms 

From Housechick Blog

Earlier, we discussed the second round of home buying negotiations: Repairs.  Let’s go back and look at the first round: Price and Terms. There’s over 20,000 words in an Arizona Resale Purchase agreement.  There are dozens of possible clauses and contingencies that we may need to include or negotiate with, based on your individual situation.  Negotiating for a home involves a wee bit more than just filling in the blanks on a form. Read more

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Is Your Home A Certified Pre-Owned Home?

By Cindy

In today’s market when buyers have multiple choices in a neighborhood how do you make you home stand out?  Certainly every Realtor® will talk to you about pricing your home to sell and talk to you about making sure your home is free of clutter.  A good agent will make sure that your home has the best quality photos in the MLS and your agent may even bring in a professional stager for a consultation if it is necessary. 

We hear the commercials for the high end car dealers talking about the benefits of buying a “certified pre-owned” car.  They lure you to the lot with guarantees of 32 point inspections or free vehicle reports to show you the car wasn’t salvaged from a flood.  So why don’t you make your home a “certified pre-owned home”?  Instead of waiting for a buyer to conduct a home inspection, after you have already negotiated what you thought was the sales price of your home, take the first step and have the inspection before you list your home for sale! 

When we live in our homes we tend to overlook some of what we think may be cute quirks and don’t realize that the next owner of the home may consider them to be a excuse to ask you to lower the sales price even further or jump through hoops Read more

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5 Tips to Maximize Your Home’s Value When You Sell
By  markrox

1) First, do your homework. Find out the local market conditions for your neighborhood. Depending on your area, there may be better/worse times to sell. Once you’ve decided to sell, there are three different levels of service that you may want to consider: Read more

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Keeping business and friendship in line when selling your home.
 by: Robert Earl

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Making decisions about improvements to your home is pretty simple if those improvements are meant to improve the quality of life for yourself and your family. You simply invest your money in those things that will mean the most to you. However, deciding which home improvements will be most appealing to potential buyers is another matters altogether.

Making the most of the money you put into fixing up your home is very important. Choosing your upgrades wisely, based on market research of which improvements pay for themselves, will help you get the most out of your home when you sell. Read more

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Here is a very nice article about "Figuring Net Profit from Selling Your Home" from  Elizabeth Weintraub. Following is the entire article.

Every diligent real estate agent I know prepares a net sheet for the seller when signing a listing agreement or presenting a comparative market analysis. Because the second question on sellers' minds — right after real estate commission negotiation — is how much the seller will net. Home sellers expect a reasonable response to: What is the seller's net profit?

To figure a seller's net profit, you need to have access to the expenses of sale. As a Realtor, I compute two net sheets for sellers. The first net sheet is based on receiving full list price.

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In my previous blog, I wrote about How To Review And Respond To Homebuyers' Offers.
In this blog, I am going to give some ideas on how to counter your buyer’s offers by example.

First of all,  you need to know what to counter. When a homebuyer makes an offer, the buyer or the buyer agent usually send you a Purchase and Sales Agreement signed by the homebuyer, or sometimes a letter of intention.

Letter of intention (LOI) is an informal offer used by most investors to save time.

A Purchase and Sales Agreement is a formal offer used by most homebuyers. Purchase and Sales Agreement singed by the buyer is not a contract yet. You can either reject it by not taking any action before the offer’s expiration time or by simply writing a word or few words on the agreement indicating the offer is rejected.
You can also counter back to initiate the negotiation process. Your counter offer is called seller to buyer counter offer. And buyer can also counter back to your counter offer, which is called buyer to seller counter offer. There can be multiple counter offers. This process is actually a negotiation process.

What items you can counter offer? Followings are some important items in the Purchase and Sales Agreement, which are usually the focus of the counter offers. Read more

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Your home for sale is under contract and you are looking forwards to closing your escrow as the agreed date in the purchase and sale agreement. You are excited about that. However, after a long waiting, there are only 2 to 3 days away from the closing, there is some bad news. You get a call from your agent, or your buyer (if you are doing for sale by owner), telling you that the deal is not going to be closed and the agreement is falling apart.

It is very bad news for you because you have pulled off your home for sale from the market for several weeks and could have lost the opportunity to sell to other homebuyers. Worse of all, you  may not only have to refund the earnest money to the homebuyer, but also have to put the home back on market for sale again. You just wonder why this happens and what you should do to prevent it from happening at the beginning.

The top 3 reasons why most home sales fall apart , or the top 3 deal-stoppers are: Read more

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In today’s real estate market, there are many options you can choose to sell your home. You can hire a full service real estate agent to list your home and sell it for you with a commission from 6 to 7% of the sale price. You can hire a flat fee listing agent, or do for sale by owner, or lease option.

If you are trying to decide whether to hire a full service real estate agent to sell your home, here are 8 important factors to consider.

1. What is the housing market conditions?
In a very hot market, everything sells so fast and probably don’t need a full service realtor to sell your home. But, in today’s buyer’s market, an experienced full service realtor and high performer may help a little.

2. Are you in hurry to sell?
You cannot afford to waste any of your time on for sale by owner if you are in a hurry to sell your home, especially you don’t have enough experience to sell a home.

3. Do you have any experience selling a home and have you ever spent some time studying a very good home selling guide from A to Z?
Selling a home is a job of the trained professional’s. It takes a lot of knowledge, experience, time, effects, and comments. If you have never sold a house and have never read a good home selling guide, you are not ready to sell your home yet. If you don’t want to hire a full service realtor, at least read some good home selling guide.You can also read all of my blogs at http://besthomesellingtips.com and subscribe my free eBook on how to sell your home like a pro.

4. It your time better spent not to answer the phone calls from many unqualified buyers?
Once your home is on the market, you try to get as many as potential to call you to increase your chance for success. If you believe that your valuable time cannot be justified to answer many calls from unqualified buyers, then you should list with a full service realtor.

5. Is home showing a problem for you?
Different situations could make your home showing a problem. Especially if security and crime are the issues to you, then you may want to hire a realtor.

6. Is your home a high end one or luxury home?
People buying high-end homes usually use a specialized real estate agent and most of them don’t go online to search homes to search for sale by owner.

7. Do you like or hate to negotiate with others on whatever deals?
Some people enjoy the process of bargaining and negotiation. While others hate it. If your skin is too thin to negotiate, then you probably should hire a realtor to do it for you.

8. Does the commission saved worth your time and effects?
Finally, this is the bottom line. You should calculate how much money you can save and weight if this is worth your time and effects not to hire a realtor.

Related blog on home selling tips:

http://besthomesellingtips.com/2007/08/28/top-6-things-your-realtor-must-do-to-sell-your-home-fast-and-maximize-your-profit/

http://besthomesellingtips.com/2007/08/27/top-questions-you-must-ask-before-you-hire-a-real-estate-agent-or-you-could-lose-big/

http://besthomesellingtips.com/2007/08/14/how-a-right-real-estate-agent-looks-like-to-sell-your-home-fast/

http://besthomesellingtips.com/2007/07/21/what-kind-of-real-estate-agent-is-not-good-to-sell-your-home/

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