Questions Buyers Have
All clients have questions. However, usually sellers have been through the process of buying real estate at least once so they have fewer questions. Here are just a few of the common questions that I get to answer from buyers.
Q: How often will you supply me with properties that meet my criteria and how will you get them to me? We can set‐up a system that works best for you. Options are Daily, Weekly, Monthly or whenever a new listing hits the market. These notifications are sent by email for you to review.
Q: How do you get paid? As a buyer’s agent, I get paid when you close on your dream home.
Q: How quickly can you get me into a home? My goal is to get you into the house to preview it when it is convenient to you. If I am unavailable, other agents in our office can help get you in.
Q: When I find a house, how quickly can I close? Rule of thumb is 30 days or less if you are paying cash. If you are getting a loan, 45 days is reasonable to finish your inspection process and for the bank to finalize your mortgage. If you are receiving a grant to help with down payments and closing costs from a state agency, it takes 45‐60 days to close.
Q: Am I obligated to work with the lender, inspector, or other service providers you recommend? Absolutely not. Feel free to shop around until you are comfortable with that vendor.
Q: Should I get a home inspection? Yes, I recommend it every time! Think of it as an investment in your property’s future.
Q: When can I back out if I change my mind? As a buyer’s agent, we build contingencies into the contract to allow you to change your mind once you have been through the home inspection.
Q: How many homes should I see before making an offer? That is your choice! Some buyers find the perfect home after seeing the first home but most see four or more before finding their favorite.
Q: What do you think the seller will accept as a fair price? This depends on how tight the market is, housing inventory and desirability. Ultimately, after reviewing a comparable market analysis on the property, the decision is up to you. We never really know what the seller will accept.
Q: How do I know if the property is a good deal? Our best tool is a comparable market analysis about recent sales in the area that are close to the house you want to make an offer on.
If you have additional questions, please contact me. I am happy to give answers whether you are a buyer or a future seller.
