Page 35 - Selling your Home - The CommFREE guide to all you need to know

Like any profession, the

real estate industry has
a language of its own.
Many of these terms I’m

sure you will already be
aware of but there may
be some you have not
come across.

Agent
Commission
A registered member of the Estate Agents
The fees for selling the property – payable by
affairs board, licensed to sell property
the seller, to the real estate company

Auction Excluded Fixtures
A marketing option where you list your Items that are presumed to stay with the
property without a price, supported by very property when sold but have been specified on
intensive marketing leading buyers to the the contract as not remaining. Fixed items such
auction day, where they must bid against as curtains, light fittings, ceiling fans, shrubs,

each other to successfully purchase your built in cabinets etc
property in an unconditional situation
Freehold

Auctioneer A freehold property has a clear title of
Person holding an auctioneer’s license and ownership
able to conduct and call auctions
Included-Fixtures
Moveable items you decide to sell with the
Buyer
Buyer / Purchaser of the listed property property, such as pool equipment, fridge, shed
or playhouse, dishwasher, etc. These are noted
in the contract if they are included in the sale
CMA
Current or Comparative Market Analysis
(CMA), is a written price comparison of your
property with others that are for sale or were
recently sold

Conditional-Contract
A written contract which has been signed by
the seller and the buyer but has one or more
conditions which need to be met, usually
within a specified time period. For example,
“subject to a mortgage bond being granted

for an amount of …..”

35 Title of the book
35
The CommFREE Guide to Selling your Home