TOP 10 FAQ’s Real Estate Agents Get Everyday
There are numerous commonly asked questions a real estate agent gets from home buyers and sellers on a daily basis. We have collected the top 10 FAQ’s Real Estate Agents Get Everyday that may help you with deciding to buy a new home or selling your house.
Here are the TOP 10 FAQ’s Real Estate Agents get every day:
1. When is the best time to buy or sell a/my home?
The market is always hot depending on the need to be in the city you are in. Say for professionals, the big corporate cities are in demand and the cities nearby. Now, selling your home really depends on the demand of the buyers. For some states, it is easy for them to buy or sell their home depending on the weather they have all year round. Those states who go through the toughest winters and summers, it is easier for them to sell by the last quarter of the year. The best way to know when the market is hot is the consult your real estate agent. They know how it works for every state and by law.
2. What is the difference between a Selling Agent and a Listing agent?
The seller’s agent is a real estate agent that is going to work exclusively with a seller. At that point, the listing agent is going to begin marketing the property of the individual. Listing agents are typically very good at marketing and they tend to specialize in this area. They are one and the same. A seller’s agent cannot work without a wide knowledge of marketing a home otherwise, how will you sell the home?
3. How much does my realtor get a commission?
Real estate agents typically charge around 6% in the United States between commission and fees for selling a home. That amount is typically split roughly in half between listing broker & selling broker. But for other realtors, the commission is 100% negotiable.
4. What is an Earnest Money Deposit?
To put it in simple terms, the earnest money deposit is a non-refundable deposit put down by the buyer to show his good faith in the transaction. This will be deducted from the original price of the property.
5. Should I be signing the RPA immediately after I have selected an agent to work with?
You should know that the Real Estate Purchase Agreement or the RPA is also known as the offer’s agreement. Every detail of the transaction is included in the contract. Unless you have gone through every detail of the contract and have agreed to it’s terms, you may sign it in good faith in the transaction.
6. What is FBSO?
It is also known as For Sale by Owner. These are the people who would like to sell their homes by themselves. Note that the real estate process involves a lot of paperwork and legal matters to attend to. Getting a real estate agent who knows the transaction process is better than shelling out more money on these needs before closing a deal.
7. What is Escrow?
Escrow is a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled. The Escrow phase is closed once the title and the deed are handed over to the next seller.
8. What is the first thing to do when you want to buy a house?
Talk to your bank. You will need a loan. Unless you have the right amount of cash to pay for the property. $$$$
9. How do I know how much my home is worth?
For real estate agents, it is also called the market value of a home. Your market value depends on the assessment of your real estate agent. It is the features and the location of the property that counts as a huge percentage of the assessment. So tidy up, keep up the upkeep, it will pay off!
10. What is the best advice you can give to first time buyers and sellers?
Who you work with matters. Trust the experts and the professionals. Every seller wants to list their homes at top dollar, and every buyer wants to make sure they are getting what their pennies are worth. So choose your real estate agents wisely.
We all want to sell our homes at top-dollar. Make sure that your real estate agent knows the buying and selling process by heart as well as a keen eye on the market. Nexus Realty International breeds the finest real estate experts in the state of Washington. Make sure you are getting what you are worth. We wish we can tell you more about how we do business. Please visit our websitewww.mynexusrealty.com and speak with an agent now to get started.