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A Realtor brings expert market knowledge, negotiation skills, and industry connections to help you buy or sell a home efficiently. They handle contracts, paperwork, and legalities, ensuring a smooth transaction while advocating for your best interests.
The first step is getting pre-approved for a mortgage. This helps determine your budget and shows sellers you’re a serious buyer. A lender will assess your credit, income, and financial situation to provide a pre-approval letter.
Earnest Money is a deposit made by the buyer to show commitment to purchasing a home. It is typically 1-3% of the home’s price and is held in escrow. If the deal closes, it’s applied toward the down payment or closing costs.
Yes! A home inspection helps identify potential issues with the property before closing. This allows you to negotiate repairs with the seller or reconsider the purchase if major problems arise.
It depends on your financial situation and market conditions. Selling first gives you more certainty in your budget, but buying first prevents you from needing temporary housing. A Realtor can help weigh your options.
The timeline varies, but buying a home typically takes 30-60 days from offer to closing, assuming no major delays. Selling can take a few weeks to several months, depending on market conditions and pricing strategy.
For buyers, Realtor services are typically free since the seller pays the commission. Sellers usually pay a commission of 5-6% of the home's sale price, which is split between the listing and buyer’s agents.
Closing costs are fees associated with finalizing a home purchase. They typically range from 2-5% of the home's price and include lender fees, title insurance, escrow fees, and more. Buyers and sellers may both have closing costs.
Your home’s value depends on factors like location, condition, recent sales, and market trends. A Realtor can provide a Comparative Market Analysis (CMA) or you can get a professional appraisal for a more precise estimate.
Spring and summer are peak seasons for real estate, with more buyers and higher prices. Fall and winter typically have less competition, which can benefit buyers. The best timing depends on your needs and market trends.
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