Common Questions
Common Questions
Sellers FAQs
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First impressions are key! For the first time the people coming to your house ARE actually judging it. Make sure you do everything you can to put your homes best foot forward and de-personalize. Check out the selling page for all the tips!
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With the current market the average days on market is 8 days. Depending on the price of the property and it’s unique-ness it could be shorter or longer. That’s why I always make a pricing timeline with my clients so everything is upfront from the beginning and it eliminates any stress. Not to mention it allows for the fastest sale (and no 2 year contracts).
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That all depends of a BUNCH of factors. All of which you will be aware of and educated on. We will work together on the perfect listing price and the overall selling price will go off of that. Check out more info on my pricing timeline if your curious.
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When the tax assessor is assessing your property they are looking at it for tax purposes only. (They have a tendency to be nice). The market value is what the buyers’ are willing to pay for your lovely property.
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Depending on the condition of your property it could be a great idea! Once your under contract 99.9% of the time you will have to face an inspection anyways. Then any and all repairs must be done by a licensed professional (the buyer can even request). Or maybe you could discover something that would affect the home’s value.
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That’s up to you!
I do EVERYTHING with you and I make sure you know ALL parts of everything you are signing throughout the entire process. I believe in listing contracts at the length you want also with the understanding of the pricing timeline written into it! I believe in having ZERO extra fees.
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As per law nothing can be said as standard or fixed… I personally charge 6% commission for my full listing package (ask about the other options I offer) as I believe in continued education, active marketing, professional cleaning, photos, videos, and staging, not to mention open houses and sponsored events. So why am I not a millionaire by now? Well, I have to split half with the buying agent, 20% to my broker (EXP Realty), 32% to taxes, and 10% to church. Trust me I’m in it for the people not the money ;)
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As always I recommend you consult a tax advisor first. However, as per law…If sold in under a year it is treated as normal taxable income. If sold after a year its 15-20%. If sold after living in it as a primary residence for two years you can sell your primary residence and avoid paying capital gains taxes on the first $250,000 if your tax-filing status is single, and up to $500,000 if married filing jointly.
Buyers FAQs
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The absolute first step is getting pre-approved… not pre-qualified (they are different). To get pre-approved you just have to reach out to a lender and they will let you know what you qualify for… Then we get to search for the perfect place (the fun part)!
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This depends on the market and person/family. Right now in today’s market your house WILL sell for a lot and fast. But, finding the next place can be more difficult. So, I like to work with my people in finding something before selling. Not to mention adding into their offer that it is contingent on you selling your primary residence. But, this can make it harder to find a place so another option is selling before with a backup plan (maybe family in town, renting month to month, renting back after sale, 60 day contract, or a combo, etc).
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YESSSSS! Even in new construction… You never know what could be right in front of you. This can be the greatest investment you will make. So, let’s work together to make sure it’s the best one.
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YESSS! This makes sure that before the home is closed and transferred over to you that it is in the same condition when you fell in love with it. Aka… no one spray painted anything, no kids punched a hole in the wall, trash isn’t all over the place, and all the other fun (and rare things).
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Your earnest money is your proposal ring to the sellers. It shows them how serious you are about buying their home. It is normally 1% of the purchase price and given to the closing attorney within 3 to 5 days (after we are under contract via wire transfer or cashiers check). Don’t worry it will come off of YOUR closing cost at the end. However, in the rare occasion you drop out of contract (outside of normal regulations and contingencies) the sellers get to keep the earnest money as compensation.
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It can be 0% for a USDA or a VA loan. It can be 3% to 5% for an FHA or Conventional loan. 10% for a vacation or second home loan. 20% for an investment property and to take off PMI insurance (Private Mortgage Insurance).
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If you run into issues with the inspection, financing, or any other contingencies then you can simply walk away and get your money back. However, if you get cold feet after the due diligence period you will risk losing your earnest money.
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If your buying your primary residence… YES! It can be 100% gifted.
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This will be around 2% to 5% (in residential it’s closer to 2%) of the purchase price and will be due at closing. THIS IS NOT PART OF THE down-payment… This is additional. However, I recommend you try some local first time home-buyer programs. (and don’t worry you will get an estimate of these before you even put in an offer).