This excerpt taken from the PCG 10-K filed Feb 24, 2009.
not list your home for sale until the prelisting analysis is completed and presented to you. After review of this data with you, a recommended list price will be determined. You may list your home prior to the appraisal process being completed. The initial list price is based on the Brokers Market Analysis. Once the appraisal process is completed, it may be necessary to adjust the list price since it must be within program guidelines. The current list price guideline is:
List price cannot exceed current listing guidelines.
The agents will complete the prelisting analysis and marketing strategy. You must list your home within the listing guidelines and actively market it for 45 days.
The purpose of the prelisting analysis is to acquaint you with current market conditions. It will enable you to make the best use of the time available to you to market your home, usually about 60 days. In today's market initial pricing is critical to securing a sale. While your home is on the market the appraisal process will also begin. Once the appraisal process is completed and the Appraised Value Offer determined your initial list price may require adjustment.
Failure to observe listing guidelines will disqualify you from the program.
This Home Sale Assistance Program is designed to help you sell your home for the current market value. By using this service, you can receive your equity and move on to the new location. You will then be free to concentrate on your new job. This section outlines the PG&E Home Sale Assistance Program.
The goal of the Home Sale Assistance Program is to assist you in obtaining the highest possible price for your home in the current market. To achieve this goal, the home purchase firm will work with