Here are some of the most frequently asked questions by both Buyer’s and Seller’s.
How do I choose an agent?
When choosing an agent, the best source may be your family and friends. Many may have sold a property in the past and can refer you to an agent they found to be capable. Selling a home is a complex transaction, so experience should be a factor.
What are the steps involved in selling my home?
- Finding an agent
- Developing a plan
- Make improvements and repairs
- Price your home
- Market your home
I’m a first-time home buyer, what should I do first?
Before looking for a home, determine your price range and down payment amount. Lenders use different variables including income, debt load and credit scores to determine how much a potential buyer can take out as a mortgage. You’ll want to get pre-qualified by a lender you choose before you start viewing homes.
When is the best time to sell my home?
Property sells year round. It is mostly a matter of supply and demand, as well as other economic factors. The time of year you choose to sell can make a difference in the amount of time it takes and the final selling price. Generally the real estate market picks up in the early spring.
Do I need a Buyer’s agent?
Having a good buyers agent is key. They can walk you through the buying process, at no cost to you. They will be able to be the giver of advice, schedule appointments, explain to you about neighborhoods and properties. They will negotiate on your behalf and write up contracts for you. Its a great service, and its free. Why not take advantage of it?
What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers, they are usually about 4-6% of the total sales price of a property. Some of the closing costs you might encounter are: application fees, appraisal fee, county taxes, credit report, discount points, documentation fee, escrow fees, homeowners’ association fees, loan fees, mortgage insurance, origination fees, tax registration and title insurance premium.
How do I prepare my home to show nicely when ready to sell?
Buyer’s prefers a home that is in move-in condition and will pay top dollar for it. It is important to be sure your home is in superior condition before listing it. This will help reduce the risk of buyers trying to renegotiate the price due to repairs or problems that may arise from a home inspection done prior to closing.
Work on your home’s curb appeal. Make sure your landscape is pristine. Mow the grass, clean up any debris and weed the garden beds, sweep the sidewalk. Plant a few annual flowers near the entrance or in pots to be placed by the door.
Clean and freshen up rooms, furnishings, floors, walls and ceilings. Make sure that bathrooms and kitchens are spotless.
What does a home inspector do?
A home inspector is a paid professional who checks the safety of a home. Home inspectors search for defects or other problems that could become a problem later on. They focus particularly on the home’s structure, construction, and mechanical systems.
It is not the inspector’s job to determine whether you are getting good value for your money. He/she does not establish value, only whether the home might collapse in a storm or if the roof might cave.
A home inspection typically takes place after a purchase contract between the buyer and seller has been signed.