Do You Know Your Options?
Has anyone taken the time to answer all of your questions?
- Knowledge is the key if you are buying or selling a home!
For answers to your questions.
Our goal is to help you make informed decisions.
What is the value of my home?
A: The value of a home is the amount that a willing and able buyer will pay for the home. The value range can be estimated using the recent sale information from similar homes.
How do I know if a buyer is qualified?
A: Ask to see a prequalification letter that is dated within the last 30 days.
Do I have to pay tax on the gain?
A: The best person to advise you on this would be your tax professional. As a general rule of thumb if you have owned the house for more that 2 years the capital gains rates do not apply.
What is a contingency?
A: The potential buyer must first sell their existing home before they are able to purchase the home that you are selling.
What if I want to sell it myself?
A: Nothing prohibits you from selling your home without the help of a real estate agent. Get a copy of “Selling Your Home Without A Real Estate Agent” on amazon for more information.
What are my options if I need to sell fast?
A: Pricing is the biggest factor. If you need a cash buyer now; visit KirkAustinBuysHouses.com for more information.
What are the closing costs?
A: Closing costs are fees paid at the closing of a real estate transaction. This point in time called the closing is when the title to the property is conveyed to the buyer. Closing costs are incurred by either the buyer or the seller.
We just moved into the area, how do we learn about the town?
A: A good way is to talk with a real estate agent that is knowledgeable of the town. It never hurts to drive or walk the areas that you are interested in at various times during the day or night.
Are there any down payment options?
A: There are many options for assistance with down payments.
Our credit score is low, can we buy a house?
A: The type of lender will determine if your score is acceptable to them. Typically the lower the credit score, the higher the interest rate. Sometimes it is useful to work with a credit repair company to raise your score before making a home purchase.
We have a down payment but a lender will not work with us, is there a solution?
A: There are many non-conventional ways to purchase a home if you have a down payment.
Are there programs that can help veterans or other professionals?
A: Veterans, Police, Fire, Teachers and many other professionals have the benefit of down payment resources.
What does it mean to be prequalified?
A: A mortgage lender has determined the amount of a loan that you have the ability to repay.
Where are the affordable homes?
A: Typically the farther you move away from the center of the city, the price for real estate decreases.
What do Real Estate agents charge?
A: The seller and the real estate agent negotiate a the fee and typically there is no fee for the buyer.