Service Areas
About Johnny Sarkis
OTHER LANGUAGES
Community Involvement
HOBBIES/INTEREST
FAMILY
Credentials
LICENSE
Specialties
- Buyer's Agent
- Commercial Properties
- First Time Home Buyers
- Foreclosure specialist
- Investment Properties
- Listing Agent
- Luxury Specialist
- Military/Veterans
- New Construction
- Probate & Trust Sales
- Relocation
- Rentals
- Resale Homes
- Residential Real Estate
Awards
Other Awards
Lifetme Top Producer, Chairman' s Club Hall of Fame, Centurion Award Winner and masters Club.
Answered Questions
I recommend that you consult with an Attorney for a definitive answer.
Because your situation involves title rights, a quitclaim deed, and loan obligations, it's a legal question that's state-specific. To get a reliable answer, you'll want to speak with a licensed real estate attorney in your state.
A private listing can be useful for specific situations (privacy concerns, high-end luxury homes, or testing pricing strategy). But for most sellers, maximum exposure equals maximum value. The MLS and open marketing typically create more demand and stronger offers, which translates to more money in your pocket.
In a typical real estate transaction, the buyer does not receive their earnest money back as a separate check after closing. Instead, this "good faith" deposit is applied as a credit towards the total amount of money the buyer needs to bring to the closing table. This means it directly reduces your out-of-pocket expenses for the down payment and closing costs. Exception if Purchaser defaults, and Seller is awarded escrow.
There is no universal rule across the U.S. Building codes vary by county/local jurisdiction. Most define a bedroom by minimum size, means of egress (usually a window for fire escape), and sometimes ceiling height. Appraisal & lending standards sometimes they expect a closet to count it as a bedroom for valuation purposes, even if the code does not require it.
