FREQUENTLY ASKED QUESTIONS
ANSWERED
The seller pays all the commission. This is worked out between the seller and the listing agent before the home goes to market. As a buyer you pay nothing for the services of me as your representative.
The buyer pays for the inspection and the two parties negotiate based on results. If there is a septic system, the seller pays to have it inspected and pumped. If there are repairs needed, this can be negotiated between parties, but it typically paid by seller.
The average is about 45 days. However, there are two things to consider:
- The buyer requests the closing date on the offer
- Each transaction if different (number of contingencies, loan requirements appraisal turn around, etc.
Technically, yes, but I don’t recommend it. Not only does it help you to know that you can comfortably afford the home you are offering on, it also strengthens your offer from the seller’s perspective to have a preapproval letter accompany it.
It is strongly advised that you do inspect the home before purchasing it, but it is not required. This is a big investment and finding out about the condition of a home before you commit yourself is better than finding out afterward.
This is your choice, and I recommend you interview several to see who you will have complete confidence and trust in. It is important to work with a team that has a proven track record of getting it done as smoothly as possible and has plenty of experience to know the ins, outs, and options of complex transactions.
If you change your mind based on the home inspection then we will terminate the contract and you will get your earnest money back. There are smaller contingencies that protect your earnest money, but it gets harder after the home inspection is satisfied. If you decide to walk away without a contingency protecting you then your earnest money could be at risk.
Every situation is different. It depends on the market, finances and your home goals. It costs as average of 8.5-10 percent of the purchase price to sell a home. The answer to this question takes research on the pros and cons of your decision and knowing the rental potential of a specific home. I can help with all of this.
Beside the size, layout and style, you should be considering the neighborhood/area, what would the rental income be if you had to move and couldn’t sell, what are the utility bills going to, are there HOA dues, what are the major systems that may have to be replaced while I own the property and many more. Each home will have unique things to consider and that is why I am here to help.
I will evaluate the market and tell you how the home is priced. We will look at the average sales and listing prices.
