Below you'll find some Frequently Asked Real Estate Questions. Just click on a question, or scroll down the page for the answer.
If you might have additional questions, feel free to contact us.
Why use a realtor?
What about a Seller Listing Agreement?
What's your home value?
What's Market Value Pricing?
Why Inspections?
How Do I Choose a Home?
Why use a realtor?
The selling process generally begins with a determination of a reasonable asking price. Your real estate agent can give you up-to-date information on what is happening in the marketplace and the price, financing, terms, and conditions of competing properties. All real estate licensees are not the same. Realtors subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate.
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What about a Seller Listing Agreement?
Realtor and sellers often work together with a written contract. A listing agreement is a binding legal contract that shouldn't be taken lightly. The necessity of reading the contract carefully and understanding what it means before you sign it can't be overstated. Listing contracts vary considerably from place to place. Here are some basic terms to consider:
- Term of the Agreement: a longer agreement benefits the agent because it allows him or her more time to find a buyer for your home.
- Multiple Listing Service (MLS): a listing agreement typically authorizes your agent to post your home in the MLS.
- Lockbox: a lockbox is a tiny key-holding safe that can be inconspicuously attached to the front of your property.
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What's your home value?
To sell a home you need to know the estimated value it will help you set an asking price and help you determine an acceptable range of bids to consider. For most of us, our home is the most valuable single asset we'll ever own, it's important to know what it's worth.
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What's Market Value Pricing?
Market value pricing is an innovated approach to property pricing. Sellers are able to offer their hoes similarly, in a price range rather than a specified price. When a home is offered within a price range, it indicates that the selling price will be somewhere between the low and the high points. The seller has agreed to consider, all offers within this range. The final price will be the result of negotiation between the parties.
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Why Inspections?
Sellers may disclose to the buyer all known facts that materially and adversely affect the value of the property being sold and that are not readily observable. The home inspection checks the interior and exterior of the home. The price of the home inspection will vary with the size of the home and with the amenities of the home.
- Choosing an Inspector: Be sure the inspector you hire is licensed and certified.
- What's the point? The inspection is done to determine whether any warranted items are in need of repair.
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How Do I Choose a Home?
Once you've settled on a couple of neighborhoods for your search, it's time to pick out a few homes to view. When narrowing down your home search, consider:
Types of homes
- Home purchase considerations
- Home comparison chart
- What to do when you've found the right home for you
In addition to single family homes (one home per lot), there are other forms of home ownership:
- Multifamily homes
- Condominiums
- Co-ops
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