FAQ

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For buyers

What is the first step in buying a home?
The absolute first step for your client is to get approved for a mortgage. Without being approved for a mortgage it will be quite difficult, if not impossible, to purchase a new home. If a potential client reaches out to you, have them go through the tenant screening process and then guide them to a reputable mortgage corporation and advisor that you trust.
Should I sell my current property before buying a new one?
A home sale contingency in your offer may spook the seller or delay the closing so that's not an option. It's also important to note that waiting to sell your old home until after you've purchased your new home is less risky in a seller's market.
Should I do a home inspection?
Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire. Most potential buyers have a seven-day window after a home inspection to walk away from the purchase. A thorough inspection is a critical step in purchasing a home.
Should I do a final walk-through?
It is important to do a final walk through to make sure that everything in the property is exactly the way you saw it from the very beginning when you did your initial appointment or home inspection.

For sellers

How should I prepare my home before selling it?
Identify repairs and make a plan. Declutter and clean—make it feel spacious. Depersonalize your home. Paint where it needs it most. Set the stage—make it feel like home. Keep it clean and consistent.
Should I order a home inspection?
One step you can take to make sure your house is in the best possible condition — and that a buyer can't take advantage of you later, when problems are discovered during the post-offer inspection — is to hire a professional inspector before you sell your house.
How long will it take to sell my home?
Homes across the U.S. are selling faster than in years past. In 2020, homes spent an average of just 25 days on the market before going under contract, down from 30 days in 2019. After an offer is accepted, home sales typically require an additional 30- to 45- day closing period before they are officially sold.
What is the agent's commission fee?
The agent's fee is the sales commission to be paid by the Partnership to the Agents pursuant to the Agency Agreement, in an amount equal to 5.75% of the selling price for each Unit sold to a Subscriber.

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