Frequently Asked Questions
Question about selling
Agents act as advisors and advocates throughout the real estate transaction.
They help you determine your price range, find available homes and schedule tours, negotiate contracts/offers, arrange inspections, handle paperwork, market your home for sale, and much more.
Their expertise and connections smooth out the buying and selling process.
The seller of the home pays the agent’s commission, which is a percentage of the total sales price. As a buyer, you do not directly pay your agent yourself. The seller’s agent may offer a portion of their commission to your agent. This commission splitting motivates agents to work together for a smooth transaction.
Along with the downpayment, buyers pay closing costs, home inspection fees, appraisal fees, points/origination fees, attorney fees, property taxes, and more. Closing costs alone are typically 2-5% of the home’s price. Prepare your budget accordingly.
Consider factors like your income, debts, downpayment amount, mortgage rates, and monthly expenses. A mortgage lender can preapprove you for a certain loan amount based on your finances, setting a maximum budget. But staying well below your preapproval amount leaves more room in your budget.
It depends on a lot of factors like unit documents is ready or not, and how long the bank you deal with normally takes to finish loaning documents.
Question about renting
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