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Sell My House Cheat Sheet 2026

The 30 highest-yield Sell My House facts, distilled from real exam questions. Print it, save it as a PDF, or study it here ā€” free, no sign-up.

  1. What does a title search confirm before a home purchase closes? ā†’ That the seller legally owns the property and there are no liens
  2. True or False: Always go with the agent that offers to list your house for the most money. ā†’ False
  3. What elements affect the value of your house? ā†’ both of the above
  4. Which listing platform is considered the most important for maximum exposure when selling a home in the US? ā†’ The Multiple Listing Service (MLS)
  5. What is a 'buyer's agent rebate'? ā†’ When a buyer's agent returns a portion of their commission to the buyer
  6. When a buyer waives the inspection contingency to make an offer more competitive, what risk do they accept? ā†’ Buying the home without knowing its true condition
  7. What does a 'comparative market analysis' (CMA) prepared by an agent show a seller? ā†’ Recent sale prices of similar nearby homes to help determine the right listing price
  8. What does 'pending' status mean for a home listing? ā†’ A purchase contract has been signed but the sale has not yet closed
  9. What is a 'contingent' offer in real estate? ā†’ An offer that depends on certain conditions being met
  10. A home listed with poor-quality, dark, or blurry listing photos is most likely to experience what outcome? ā†’ Fewer online clicks and showings, reducing competitive offers
  11. What is private mortgage insurance (PMI), and when is it typically required? ā†’ Lender protection insurance required when down payment is less than 20%
  12. Which of the following can increase a potential buyer's interest in your house? ā†’ a well-cared-for lawn
  13. Which improvement typically offers the HIGHEST return on investment when selling a home? ā†’ Minor kitchen remodel
  14. What does it mean when a home appraises below the agreed purchase price? ā†’ The lender will base the loan on the appraised value, creating a gap the buyer must cover
  15. How does decluttering a home before showings affect the selling process? ā†’ It helps rooms appear larger and allows buyers to focus on the space
  16. What is the average commission rate for real estate agents in the US? ā†’ 5ā€“6% total, typically split between listing and buyer's agents
  17. Which kind of clause should you make sure the contract contains if you sign a deal with a buyer's agent? ā†’ release clause
  18. Which neighborhood characteristic is MOST likely to negatively affect nearby home values through a concept called 'external obsolescence'? ā†’ A nearby industrial plant or waste facility
  19. A home's value can drop significantly if it is located in a flood zone. Which document reveals official flood zone designation to buyers? ā†’ A FEMA Flood Insurance Rate Map (FIRM)
  20. Which of the following should you carry out before you begin house hunting? ā†’ check your credit score
  21. What does FSBO stand for in real estate? ā†’ For Sale By Owner
  22. What is a seller's disclosure statement? ā†’ A legally required document where sellers reveal known defects or issues with the property
  23. What does 'days on market' (DOM) signal to potential buyers when it is unusually high? ā†’ There may be a problem with the home's price, condition, or marketing
  24. A home in a neighborhood with a rising crime rate is likely to experience what effect on its market value? ā†’ A sustained decrease as buyer demand drops and risk perception rises
  25. Which of the following is a legitimate reason a seller could keep a buyer's earnest money deposit? ā†’ The buyer backed out of the contract without a valid contingency reason
  26. Which kitchen condition most commonly causes appraisers and buyers to discount a home's value? ā†’ Highly dated cabinetry, countertops, and appliances from the 1980sā€“1990s
  27. What is the recommended approach for pricing a home within marketing materials to attract the widest range of online search results? ā†’ Price it just below a round number threshold, such as $499,900 instead of $500,000
  28. How does an overpriced listing that sits on the market for months typically affect the final sale price? ā†’ It often results in a lower final sale price than if priced correctly from the start
  29. What is the role of escrow in a home purchase? ā†’ A neutral third party that holds funds and documents until closing conditions are met
  30. How does the presence of polybutylene plumbing in a home built between 1978 and 1995 affect its value? ā†’ It reduces value because the material is prone to failure and expensive to replace
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