Buying or selling a home? FAQ

Visitors to my website keep sending me questions about what to look out for when buying a home. Of course, I don't mind these inquiries, as I am the one who encourages them to ask me. Today, I will share with you some of the frequently asked questions I received.

If I'm interested in a property, how can I determine if the list price is fair?
We will look at the property's sales history and comparable recent sales to help assess true market value.

How do I know what price to offer for a property?
Based on comparable recent sales and our extensive experience, as well as any other relevant factors such as competing offers, we will recommend an offer price that will protect your best interests and give you your best chance to get your dream property.

Do you do short or long term rentals?
The MLS system was primarily designed for sale properties as opposed to properties for lease - please contact us for a referral to an agent working specifically with rental properties, and for other great renters' resources!

Do I need to have a home inspection done on every home I'm interested in?
In some cases, the sellers might already have commissioned a recent home inspection by a reputable home inspector to save you the trouble! It is also possible to purchase a property conditional on a subsequent home inspection. We will help you determine on a case by case basis whether an inspection is recommended.

What happens to my deposit while I await closing?
Your deposit is held in the listing brokerage's trust account until closing, when it is applied towards the purchase price of the property and related costs. If an interest bearing clause was part of your original offer, you may be entitled to the interest accrued on the deposit once the property has closed.
 

-

So much for today. Let me know if you find these Q&As interesting.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: