F.A.Qs
Here is a collection of frequently asked questions that I have put together to help you in buying or selling a home. 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.
Questions From 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?
How do I sell my home myself - For Sale By Owner, or FSBO?
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"?
How Long have you been looking for a home?
Questions From 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?
For
Questions about our site
Call 1-205-979-1128 or Email
one of our friendly customer service representatives.
REAL ESTATE NEWS & COMMENTS:
Broker:
Broker has several meanings in different situations. Most Realtors are agents who work under a broker. Some agents are brokers as well, either working form themselves or under another broker. In the mortgage industry, broker usually refers to a company or individual that does not lend the money for the loans themselves, but broker loans to larger lenders or investors. (See the Home Loan Library that discusses the different types of lenders). As a normal definition, a broker is anyone who acts as an agent, bringing two parties together for any type of transaction and earns a fee for doing so.