Can a home depreciate in value? A

Generally, real property never depreciates in value. It is not very common for property to depreciate. This is why it is a great investment. It is important to carefully consider location when choosing a home.

What is the MLS and how does it work?A

MLS stands for Multiple Listing Service, a private database that is created, maintained and paid by Real Estate Professionals to help their clients buy and sell properties.

What is a Realtor?A

Realtor is a trademark of the National Association of Realtors.
Realtor is a person who acts as an agent for the sale and purchase of buildings and land.

What is a broker?A

A person who has taken education beyond the agent level as required by state laws and can run his/her own agency. Brokers can hire real estate agent (also is required to have license exam passed by state law) to work for them.

What’s the difference between a “Listing Agent” and “Selling Agent”?A

Listing agent is a real estate agent that helps homeowners sell their home. Listing agents list client homes on the MLS and negotiate the best possible price and terms for the home buyers.

Why should I use a real estate agent?A

A real estate agent knows the real estate market, has access to data about recent sales and can guide you when buying or selling a home with professionalism and experience.

What does FSBO means?A

FSBO means For Sale by Owner. Home is being sold without a real estate agent.

How should I price my home? A

The real estate market continually changes, and market fluctuations affect property values. It is very important to use a real estate professional to help you determine your listing price. A real estate professional can prepare a comparable sales in your neighborhood and find out the best market value.

Is there a best time to put my home on the market?A

The time of the year you choose to sell your home can impact the length of time it takes to sell and its ultimate selling price.
Generally the real estate market picks up around end of February and continues strong through late May and June. Summer is usually the busiest time for moving or relocation since school is out and buyers are looking for to get their children in school before the new school year. Fall can also be busy since some families prefer children to be in school but can slowdown from Thanksgiving through and beyond the Christmas and New Year holiday period.

Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer?A

It would be very unwise to try to back out of the contract because a purchase offer that’s accepted is a legal contract that buyer can seek legal remedies to enforce.

What is an “Exclusive Right to Sell” listing?A

It is an agreement that seller during a period of time cannot list the property with any other agents.

Why should I use a real estate agent?A

A real estate agent has the knowledge of real estate market. Your home will be added in the MLS so the large numbers of buyers will have access to the seller’s property. In addition, your real estate agent absorbs all the cost of advertising and marketing and the screening that will be done of potential buyers by agents.