What should you look for in a real estate agent?
Choosing an agent who is knowledgeable and experienced is always a good idea. Just as important is finding an agent who is accessible and patient, especially if you are a first time buyer. Pick someone who will readily answer any questions you may have.
What should be my first step when purchasing a new home?
You should reach out to a lender and get a pre-approval letter. It’s important to get an estimate of how much you can borrow so you can get a better idea of what your budget is, how much you’ll need as a down payment and what your closing costs will be. A pre-approval letter also shows a seller that you are a serious buyer.
How long does it take to buy a home?
It obviously varies greatly from buyer to buyer, but about 12 weeks on average. Also, when the market is hot, it can take longer to buy a home because of fierce competition, which can lead to buyers being outbid by another party. Once an offer is accepted, the escrow period is on average 30 to 45 days.
How much do I have to pay my real estate agent when I am purchasing a home?
Usually, nothing. For most home sales, a buyer’s agent is compensated by the listing agent. The listing agent, who represents the seller, will split their fee with the buyer’s agent. The listing agent has fiduciary duties towards the seller, so it’s important to have a buyer’s agent, who has fiduciary duties towards the buyer, to make sure you are well represented in a real estate transaction.
How many homes should I see before buying one?
That is completely up to the buyer. Some buyers know what they want and when they see it, they are quick to act. Others may need to see more properties to understand their needs better and in order to get a better idea of what their budget can afford.
What is earnest money?
When you make an offer, your agent will ask you for a check, typically $1000, to accompany it. It shows the seller that the buyer’s offer is being made in good faith. The check is deposited in an escrow account until the deal is finalized. If the deal goes through, the money is applied to the down payment or closing costs. If the deal falls through, the money is either returned to the buyer or, in some cases when both parties had agreed on a deal but then the buyer walks away, the money may not be returned to the buyer. Check with your agent what the terms are for your agreement.
Will I be working with you directly or a team?
When you hire me, you will be working directly with me.
How do you find out the value of my home when listing it?
As an appraiser, I have about 20 years of experience valuing homes. Lenders hire me to find out the value of homes. I do not simply put your home into an application and have the computer spit out a number for me. I use my experience and take my time to actually look at what is happening in the current market. I take into consideration similar homes that have sold closest to you and that are in comparable condition as your home. I also look at current listings in the area to get an idea of the best price point.
What commission do you charge to sell my home?
My commission is negotiable, but typically 5%.
Do you have contractors you can recommend for work needed on the house?
Throughout my career, I have accumulated a vast network that includes not only contractors, but also mortgage brokers, real estate lawyers, house cleaners and moving companies. When you hire me, you benefit from that great network as well.
Why hire me?
When you hire me, you will get the attention you deserve, backed by 20 years of experience in the field. I am very personable and always a phone call away. I take pride in doing what is best for my client and thrive in helping them find what they are looking for. When my clients are happy, I’m happy!
If you have questions that are not listed here, please Contact Us.
