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Friday, July 30, 2010

F.A.Qs

The following is a list of frequently asked questions from buyers and sellers. If you have any other questions, not listed here, feel free to call or send an e-mail.

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

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 REALTORŪ?
  • 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 "One-Time Show" listing?
  • What's the Difference between a "Listing Agent" and "Selling Agent"?
  • What is a contingency?

    • 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?
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    158463
    visitors since 1/26/2006
    Carey Kennedy, BIC
    ERA Kennedy Group Realtors
    Ph: Anderson: 864-964-0404 / Seneca: 864-882-7644  -  Fax: (864) 964-0104
    4250 Clemson Blvd. Anderson, S.C. 29621
    685-B Hwy. 123 Seneca, S.C. 29678, SC 
    www.kennedygrouprealtors.com
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