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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:

Bond Market:
Usually refers to the daily buying and selling of thirty year treasury bonds. Lenders follow this market intensely because as the yields of bonds go up and down, fixed rate mortgages do approximately the same thing. The same factors that affect the Treasury Bond market also affect mortgage rates at the same time. That is why rates change daily, and in a volatile market can and do change during the day as well.

 

Birmingham Homes For Sale and Real Estate Listings

TRADING EARTH REAL ESTATE
www.searchrealestatehomesforsale.com
Birmingham, Al 35226

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