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HOME SALES Q&A: Hello! I’m Kalista, your neighborhood real estate sales professional and I’m here to provide you with answers for some of the frequently ask questions I encounter from day to day. For more of a detailed response please feel free to reach out.
The short answer is no. Seller could show up in advanced. However, funds are only disbursed after all parties have signed. Buyer(s) are not allowed their keys until all parties have signed. It’s always better to have everyone there at the same time if possible.
-Driver’s License/Current Passports: Current and update to date. (Buyers and Sellers)
-Cashier’s or Certified Checks: Bankers will confirm the amount if needed. (Buyers and Sellers)
-Invoices/receipts: Any proof of repair, if not already supplied. (Sellers)
-Info: Any additional documents home seller(s) think their buyer(s) should have/want or need. (Sellers)
-Keys: This applies to Doors, Garages, Sheds, etc. (Sellers)
Location, condition, lot, schools and social factors hold weight too.
As a good rule of thumb you’d want set aside approximately 7% of the sales price. This includes realtor commission and so forth.
For as long as it’s agreed to last. Traditionally we request about 14 days.
The buyer pays the closing cost. However, it is common for a buyer to ask the seller for support. Check out our closing cost estimator.
Needed yes! Required no.
Good question! In this business you’ll often hear this term passed around like a football on the field. It is the term used in relation to comparative or competitive homes either sold or currently listed to the market. They are considered “like” homes in structure and layout within a certain mile range.
As a rule of thumb appraisers like to stay within the subdivision but will travel as far as 3 miles out when needed.
Comps are important because they weigh heavily on the determination of your home’s appraisal value. Give or take, 90% of all home sales happen with some kind of financing involved. If your home doesn’t appraise then most deals fall through the moment financing is denied.
A good agent will never advise their clients to purchase a home that’s being sold way over it’s appraisal value and the minute financing falls through the difference will fall on the buyers to pay. Home Values Are Up!
Most homes will have an outdoor water meter that has an underground pit, simply adjust and problem solved. Anything more detailed may require some professional help.
Good question! Nothing, there’s no charge to you! Let’s chat.
What’s the difference between expired listings and withdrawn?
The simple answer is none! But to be technical the answer is that one was removed by request/withdrawn, and one was removed due to a time-lapse/expired from an active listing agreement. Each listing agreement gives a specific amount of time for marketing and to be listed in the MLS. Once that time is up with no successful sale the home becomes expired and off the market it goes.
However, whether expired or withdrawn, the home is no longer listed or currently active for sale. Please feel free to inbox for more, email@example.com.
Bank fees to get the loan and bank fees to make the loan.
Comparative, Market, Analysis.
Typically no. However, each bank is different. To be sure inquire within.
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