Seller’s Guide

The FARE Group provides brokerage services in two distinct capacities:  before signing the contract we act as your fiduciary in procuring a qualified buyer and after the contract signing as your transaction manager, ensuring a smooth progression through to closing.   Listing to closing our services include:

Pricing: We provide you with a comparable market analysis determining the right price point and pricing strategy for your property.

Marketing: We provide you with a consultation for staging and showcasing your property for sale. In addition, every FARE exclusive is supported by professional photography, floor plans, direct mailings and e-blasts. Showings and open houses are coordinated and commenced.

Please refer to “How We Market” to learn more.

Buyer Qualification: Potential buyers are qualified through the submission of a mortgage pre-approval/qualification letter and financial disclosure statement. We critically review all financial credentials and make recommendations concerning a buyer’s perceived ability to proceed based upon our professional experience.

Negotiations: We negotiate the terms of the sales contract with regards to price, down payment, financing, inclusions, exclusions, closing date and may provide additional protective language if deemed necessary.

Contract Signing: We provide the attorneys for both parties with the agreed upon contract terms to draft, review or revise the contract of sale. We oversee this process to make sure that same is executed by and delivered to all parties in a timely manner.

Buyer Financing: We provide the lender with building and re-sale information in support of the buyer’s loan application when necessary.

Appraisal: We coordinate all appraisal appointments and provide the appraiser with any needed information or documentation.

Board Application (Coops & Condos): We assist in preparing this critical document with the buyer, when necessary, and will further carefully review same prior to its submission to the Board of Directors.

Board Interview (Coops): We prepare and guide the buyer through the finer points of this process when necessary.

Closing: We assist in coordinating the closing date, time, and location with interested parties and conduct the final walk-thru with buyers immediately preceding the closing.


Gather Your Documents

You will need to refer to and/or provide your FARE agent with the following:
  • Title Documents
  • Outstanding Loan Notes – information regarding any debt secured by your property & the amount of debt.
  • Property Tax Bills & Proof of Payment
  • Information regarding major repairs, capital improvements, and re-sale restrictions, if applicable.
  • Any paperwork relevant to the property.
Condo & Coops (in addition to the above)
  • Offering Plan
  • Building’s Financial Statements for last two years
  • Name and Contact Information of the Managing Agent
  • Homeowner’s Association Information, if any
  • Coops – Amount of monthly maintenance, percentage of tax deductibility and number of shares
  • Condos – Amount of common charges, real estate taxes and percentage interest in the common elements
  • Information regarding impending assessments, maintenance or common charge increases, flip/transfer taxes, sublet policy, pet policy and re-sale restrictions, if applicable.

Prepare Your Property
Together you and your FARE agent will discuss what modifications, repairs or improvements should be made to your property to enhance appeal or that may be legally necessary to the sale.

Professional Recommendations

When appropriate, we will recommend professionals whose services are essential to the success of your goal. These may range from attorneys to general contractors, interior designers, and stagers. It is very important that you make your selections based upon your professionals’ experience with performing similar transactions , and your FARE agent will only refer those professionals who suit your needs.

Take the first step towards “SOLD” & contact a FARE Agent TODAY!