
When helping new clients, I am often asked many questions. Sometimes, buyers (and sellers) will focus on three or four items that are most important to them. So I thought that it might be worthy to post the top five questions I am often asked:
Question: How do we know if we are getting a good deal on this home?
Answer: As I mentioned in an earlier conversation, value can be based on emotional value, market value, and what the market will bear at the time of the sale in terms of offer price. Emotional value from a
seller’s point of view, can and often does lead to higher sales price. From a buyer’s point of view, what you determine is of “value” to you – typically only you can decide that. Compare prices of similar homes (those that sold recently and those that are currently on the market now) and determine how much you want to spend and can comfortably afford.
Question: Who pays the agent’s commission?
Answer: Typically the seller pays the commissions. When the home is a “for-sale-by-owner” it is not uncommon for the buyer and the seller to split the cost of the agent’s commission.
Question: How much earnest money should we offer?
Answer: Typically, it is 1% of the offer price. Earnest money is the amount put forth by the buyer that tells the seller that your offer is in good faith and that you are serious about your offer. If the offer is accepted, the earnest money is applied to the buyer’s down payment.
Question: When can we take possession of our new home?
Answer: When the property closes and records. The title company, once they receive the funds from a lender, they will then pay off the seller’s loan (if there is one), then record the sale at the courthouse. After recording then the buyer is officially the new owner of the property and can take possession.
Question: As a buyer’s or seller’s agent, what is your role?
Answer: I will advise you and manage the entire process with a custom, carefully planned strategy. I listen to your preferences, concerns, thoughts, and goals and work together with you to either market your home or help you find the perfect house. I communicate very frequently (and as much or as little as you like), analyze the market, follow-up with other agents when necessary, negotiate aggressively on your behalf, guide you through escrow and closing, preview all homes with you, and refer you to specialists (contractors) when necessary. It’s a collaborative process, and I’ll stay in touch long after the final papers are signed.
If you would like to learn more click on The Corvallis Real Estate Market.
For personalized service contact me at: sharp@kw.com or visit my website at: http://www.SharpRE.com
Thanks for stopping by. Have a terrific week!
My best,
Shayla Sharp
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