Here are some questions we are frequently asked and their answers. If your question isn’t answered here, please feel free to use the form at the bottom of this page to ask.
Q: When should I consult a bank or mortgage lender?
A: It is advisable to be pre-qualified for a mortgage by a bank or mortgage lender prior to looking at houses. Your agent can provide referrals for reputable loan officers and mortgage brokers.
Q: How do I determine the best listing price for my home?
A: Consult with a Real Estate professional and seek a Comparative Market Analysis (CMA) from professionals that specialize in your area. Online websites that use an algorithm and public data do not accurately represent the fair market value of your property.
Q: Should I make my purchase offer subject to a satisfactory home inspection?
A: Many buyers choose to have a professional home inspection. The home inspection contingency is part of a negotiated offer and is typically done a few days after a signed contract.
Q: What are “Delayed Negotiations?”
A: Delayed Negotiations are when the seller and their agent choose a particular date to review offers. This is relfected on a form signed by the seller and their agent prior to listing that is made available to all cooperating brokers and prospective buyers when the listing goes into the MLS.
Q: What is an “Escalation Clause?”
A: An Escalation Clause is an addendum in the purchase offer that reflects a price a buyer is willing to pay based on competing offers. The clause states a highest price or “Cap” that a buyer is willing to pay when in competition with other offers.
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