F.A.Qs

Here is a collection of frequently asked questions that we have put together to assist you. If you have any other questions, not listed here, feel free to call or send an e-mail.

Buyers What is a Multiple Listing Service (MLS)? What is a debt-to-income ratio? What is title insurance? What is the difference between being prequalified and preapproved for a loan? What is a REALTOR®? What is homeowners association (HOA)? Why should I use a real estate agent? Is an older home as good a value as a new home? What is an escrow officer? Can a home depreciate in value? What are closing costs? What does FSBO mean? What is a broker? What is a contingency? What is a "One-Time Show" listing? What's the Difference between a "Listing Agent" and "Selling Agent"? Sellers What are comparables or comps? What is a counteroffer? What does an appraisal mean? Why should I use a real estate agent? Is there a "best time" to put my house on the market? How should I price my home? What are disadvantages of pricing my home on the high end? Do I have to sell to the person with the highest offer? Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer? Who is responsible for making repairs, if any, as a result of home inspection reports conducted for the buyer? What is an "Exclusive Agency Listing"? What is an "Exclusive Right to Sell" listing?

By clicking on any of the questions below, you may view the answer.