Frequently Asked Questions

Answers

How can I determine how much to ask for my house when I decide to sell?

This is something I will do for you. Once you decide to sell, you don't want your property sitting on the market with a for sale sign for months on end. I'll evaluate the current market conditions, give you a comparative report of recent sales values for houses similar to yours in size, style and neighborhood, and tell you what I believe is the top price you can get.

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As a first-time home buyer, what are the most important things I need to do when looking at homes to buy?

If you've never bought a home before, it can be easy to make some basic mistakes. The first thing I recommend is that you choose a realtor to look for you. Too often first-time home buyers see a for sale sign, call the realtor who is listing the house, ask for a showing, and then make an offer through the listing realtor. However, the listing realtor is working for the seller, not the buyer. This is a business transaction and you want someone with you who is looking out for your needs. Your realtor will then help you with all the other questions you have.

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How long will it take from the time I make an offer until we can move into the house?

There is no set time. If you have the funds available, and your offer is not contingent on you being able to sell another home first, you should be able to set up closing and move in within 30-60 days.

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What will you do to market my house so it sells quickly?

I have a marketing process that includes getting yard signs up immediately and featuring your home in my personal advertising pages in the free Homes and Land real estate magazines that are available at grocery stores and other locations. I also get your home listed in the large advertising done by Prudential in the local newspapers and network with other realtors to get them through your home so they will recommend it to their clients.

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How much of a down payment do I need to buy a house?

There is no set requirement in dollar amounts, but in order to obtain financing you should have at least 5% of the purchase price available. Don't forget you will also need money for closing costs.

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What are closing costs?

When you buy or sell a house, there are a variety of costs associated with legal things that need done to make the transaction viable. These include real estate taxes, inspections, points charged for processing the sale/purchase in the public records, and costs for title searches and other required work. Closing costs vary. As your real estate agent, I will provide you with a complete list of closing costs in advance.

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Why do I need a settlement company?

The settlement company does all the legal work to be sure the deeds and ownership of the home you are buying are free and clear, that all taxes are settled, and that the purchase can be made.

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Do I have to get mortgage insurance?

In some instances yes, you do. When you get your mortgage, the mortgage company may require this. If the mortgage company does not require it, you are not required to have this insurance. It does, however, protect you. In the case of the death of the mortgage, or the death of one of the mortgages if you purchase as a married couple, then the mortgage is paid off with the insurance.

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Do I have to get homeowners insurance?

Yes. Proof of homeowners insurance will be required in order for the purchase to be finalized.

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