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Q: How much is my home worth?
A: Your property's value is determined using a Competitive Market Analysis (CMA), which evaluates recent sales of similar properties ("comps"), neighborhood trends, and current buyer demand

Q: What will my net proceeds be?
A: You will not walk away with the full sale price. Your agent can create a "net sheet" that subtracts your remaining mortgage balance, closing costs, agent commissions (typically 5% to 6%), and transfer fees to estimate your final payout.

Q: What are the tax implications?
A: Selling a primary residence often qualifies for significant tax exclusions on capital gains, though state and federal laws determine exact thresholds. Consult a tax professional regarding your specific financial situation. 

Q: Should I make repairs before listing?
A: Yes. Addressing deferred maintenance and cosmetic issues like scuffed paint or leaky faucets maximizes your return on investment and helps avoid prolonged negotiations with buyers after inspections.


Q: Should I stage my home?
A: Staging can increase buyer interest, especially in competitive markets. If full staging is too expensive, a deep, hotel-clean decluttering is the minimum requirement to make a strong first impression.

Q: How do showings work if I am still living there?
A:  You will need to leave the home for scheduled viewings. Agents typically use a lockbox so buyers' agents can show the property, making it best to keep the home tidy and pets temporarily relocated during the listing period.

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Q: What am I legally required to disclose?

A: Guam and federal laws dictate disclosures, but you are broadly required to declare all known material defects. This includes roof leaks, water damage, lead-based paint, and other structural or hazard issues.
 

Q: What happens after an offer is accepted?

A: Once you accept a written offer, the property goes "under contract." The buyer then typically deposits earnest money and conducts a thorough home inspection and appraisal before the transaction proceeds to closing.

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Q: Can I change my mind after signing an offer?

A: No. If you elect not to sign or pull out after accepting a written purchase agreement, you risk being sued by the buyer for specific performance (forcing the sale) or monetary damages

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How is the listing agreement structured? This contract outlines the commission rate, the duration of the agreement (typically 3 to 6 months), and the exact list price. Always ensure you understand these terms before signing.

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Q: How is the listing agreement structured?

A: This contract outlines the commission rate, the duration of the agreement (typically 3 to 6 months), and the exact list price. Always ensure you understand these terms before signing

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 2015 by 21st Century Realty, LLC GUAM

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