New Feature Web Site

Search four popular real estate web sites right on www.southeastindianaproperties.com. Search Realtor.com, Southeast Indiana Board of Realtors, Tri-State Homes Guide and the Metropolitan Board of Realtors. All from one convenient location. Use the email form to request property information right from the web site.

First Time Home Buyer Tips - Downpayment Help

The biggest hurdle for the first time home buyer is acquiring the money for a down payment. Most lenders have requirements of 10% - 20% to qualify for a loan. A home which sells for $100,000 thus requires a down payment of $10,000 to $20,000f. This is a pretty big chunk of change. For southeast Indiana residents the SOUTHEASTERN INDIANA COMMUNITY PRESERVATION & DEVELOPMENT CORPORATION can provide some help, provided you meet the guidelines. Here is the contact information for the Ripley County office if you require further information.
P: 812-689-5505
F: 812-689-3526
E: susan.craig@sirpc.org
W: n/a 405 W. US 50
P.O. Box 765
Versailles, Indiana 47042
- Money Debt Management
- Postpurchase Counseling
- Prepurchase Counseling
First Time Home Buyers
Down Payment Assistance Grants up $4500
Income limits the same as Rural Development Housing & Community Facilities Programs
Home Ownership Education

The Additional Provisions - Professional Referrals

This section communicates to the seller that the broker may refer the seller to certain professional, such as home inspectors, appraisors, bankers, etc. The clause also states that the seller is not bound to consult these professionals, but is free to use their choice of providers of these services.

Additional Provisions Of The Listing Contract - The Net Sheet

In the last section of the listing contract the Seller acknowledges the receipt of a net sheet. The net sheet will give the seller an approximate dollar amount that will be realized from the sale if the list price is achieved. The net sheet will take the price and deduct all the expenses of the sale including the commission, taxes paid, closing costs and title search. The bottom line of the net sheet is approximately what the seller will realize from the sale.

Sellers Guide - Seller Authorization and Cooperation

In this section of the listing contract the seller agrees to supply the broker with the information needed to sell the property. It allows the broker to take interior and exterior pictures and place them on the MLS system, the internet and any publications. It authorizes the broker to place and remove for sale signs.

Written descriptions of the property are also permitted to be used to advertise and promote the sale of the property. The seller agrees that photos taken belong to the broker. Information like utilities, mortgage loan numbers and the financial institution that holds the mortgage are also divulged in this section. Other options include the option of disclosing multiple offers to buyers, and permission to use or not use a lock box on the home are given.

Sellers Guide - Limited Agency Authorization

In this section the seller acknowledges that at times the agent or the managing broker may at times represent a buyer if they show the home. It informs the seller that at these times the agent has responsibilities to both the buyer and the seller. By signing the listing contract the seller gives permission for the listing agent to perform these showings.

This section also outlines the information that the agent may or may not disclose to the buyer during such showings. It also outlines the information that the agent may or may not reveal to the seller during any negotiations which may arise from these showings.

Seller Guide - The Environmental Contaminants Clause

This section of the listing agreement informs the seller that the listing broker is not an environmental expert and has no training in the evaluation of lead based paints, radon, mold, and any other biological contaminants. It informs the seller that the presence of these contaminants may cause property damage, illness or allergic reactions in some people.

The seller is advised to seek the guidance of properly trained specialists to deal with the presence of any of these contaminants. The clause holds harmless the broker, all associated companies and sales agents from all liability caused from the presence of any of these substances. This release includes all attorney fees and other costs arising from their presence. This release survives the closing of the property and after the listing ends.