FREQUENTLY ASKED QUESTIONS
SELLER QUESTIONS
1. How do I determine my home’s value?
A professional comparative market analysis (CMA) evaluates recent sales, market trends, and property features to estimate your home’s value.
2. What should I do to prepare my home for sale?
Most sellers focus on decluttering, deep cleaning, minor repairs, and staging to make the home more appealing to buyers.
3. How long will it take to sell my home?
Market conditions, pricing strategy, and property condition all influence how quickly a home sells. Your agent can provide a timeline based on current local trends.
4. What costs are involved in selling a home?
Common seller expenses include agent commissions, repairs, and potential closing costs.
5. Should I make repairs before listing?
Addressing obvious issues can help attract more buyers and potentially increase your sale price. A pre-listing inspection can help identify what’s worth fixing.
6. What is the best time of year to sell?
While spring and early summer are traditionally strong, the “best time” depends on your local market and personal circumstances.
7. What happens after I accept an offer?
Once an offer is accepted, the buyer begins inspections, appraisal, and loan approval. You’ll work with your agent to navigate contingencies and prepare for closing.
BUYER QUESTIONS
1. How do I start the home-buying process?
Most buyers begin by getting pre-approved for a mortgage, which helps determine budget and strengthens offers. From there, partnering with a trusted real estate agent and identifying your must-have features sets the foundation for a smooth search.
2. What does “pre-approval” mean?
A lender reviews your financial information and confirms how much they’re willing to lend. A pre-approval letter shows sellers you’re a serious, qualified buyer.
3. How much money do I need for a down payment?
Down payments vary depending on loan type. Some loan programs allow as little as 3% down, while others require more. Your lender can help determine the best option.
4. What are closing costs?
Closing costs typically range from 2–5% of the purchase price and include lender fees, escrow fees, title insurance, and more.
5. Do I need a home inspection?
A home inspection is strongly recommended. It helps identify potential issues before you commit to the purchase.
6. How long does it take to buy a home?
Once an offer is accepted, the escrow process usually takes 30–45 days, depending on financing and contingencies.
7. What is earnest money?
Earnest money is a deposit showing your commitment to the purchase. It’s typically applied toward closing costs or your down payment.
