FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Yes, You Are.
What are “closing costs”?
The term “closing costs” is vague. A lot of people know that it’s part of buying a house, but they might not understand what all the different fees and costs are for. This is your chance to explain exactly what is included in the closing costs, as well as how much people can expect to spend here. Although it’s different for each sale, you can usually estimate or suggest a percentage of the sale that will go toward closing costs to help people get a better estimate.
How much commission do you charge?
Another question everyone wants to know is what you’re going to charge them. You can feel free to tell them what your commission rate is for being a seller’s agent and a buyer’s agent, and then disclose if there are any discounts, special considerations, or other factors that may affect that rate.
Do I need a down payment to buy a house?
There used to be situations where people could get a mortgage without a down payment. This doesn’t happen as frequently because the mortgage crisis saw a lot of people who ended up in mortgages that they couldn’t pay for because they didn’t have a down payment to prove their ability to pay over time.
How long will it take to sell my property?
This is often an impossible question to answer, and yet people ask it all the time. They want to know how long they have to wait to move, or how quickly they’ll expect to get their money so that they can pay off their mortgage and start the process of buying a new home.
Do I need a home inspection?
Home inspections are not always mandated as a part of the home buying process. Yet, they’re one of the most valuable resources that homeowners have at their fingertips and should be done on every property. It’s important to encourage this for your homeowners, but more important for you to use this particular answer to explain all the perks of having a home inspection. For just a few hundred dollars, in most cases, people can get a detailed look at the house they want to buy and know exactly what they’re getting into.
Am I Ready to Rent?
Yes.
How do I know what I can spend on a home purchase?
Those who are doing it the right way will want to be able to set a budget for home shopping before they begin. Unfortunately, not everyone knows what they can afford, or what they should be willing, to spend on a house. Some experts tell people their mortgage should be 1/3 of their salary or less. Others say you can spend up to half. Still more might suggest as little as ¼ of your income as a mortgage payment.
Let's Find You Together The Place You Deserve
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