Home Buying FAQ
Questions and Answers:Today, the options for finding and buying a home are no longer limited to what a real estate agent can offer. The Internet has opened a new market, allowing those interested in buying homes the ability to research and act for themselves. Despite the convenience of this market, the task of searching, comparing and buying a home online can seem overwhelming. To help navigate the options, we at InfoFAQ have found answers to some of the toughest questions about home buying online.
Frequently Asked Questions About Home Buying Online
How do I Buy a home for the best price?Choose a knowledgeable realtor that specializes in the area that you wish to buy, and you will have a competitive advantage in purchasing the best home for your dollar. Look at their track record!
How do I know how much to pay for a home?A neighborhood specialist will guide you through the process i.e.: cma, area activity, successful sales verses failures to determine how much to offer.
How do I know where to get the best loan for a home?Choose a realtor who surrounds themselves with proven lenders, that will reliably give their clients the most competitive loan programs available.
Which home is the best investment?a knowledgeable realtor will have insight to a home that will be a potentially good investment i.e. : " the law of diminishing returns ". Better to buy the fixer of the neighborhood as opposed to the nicest home in the neighborhood!
How do I find the best escrow company?Choose a realtor who uses proven escrow agents that will not incur extra fees at closing.
How do I sell a home and not pay a large commission?A full service brokerage can charge less commission if they operate with lower overhead. In this case they will be able to be more competitive in their commission structure and not scrimp in their service. Large brokerages generally have large overhead, and the customer will pay for it!
What is considered good service from a Real Estate agent?Realistic pricing, MLS, quality fliers with digital pictures, local and national internet, local Sunday advertisements, a good realtor will handle the negotiations and take the contract to a successful close.
What is the best way to market a home?MLS is 99% what will sell your home. The question is how much commission do you have to pay? A full service brokerage with low operating expenses can save you thousands of dollars in commission!
What is a Discount Commission Broker?A brokerage that can charge you lower commission without scrimping on service.
What is a Full Service Broker?A brokerage that utilizes all the standard tools to market your home i.e.: MLS, quality fliers, local and national internet, local Sunday paper, take the deal to closing.
Do I need to pay a percentage like 6% to an agent when I sell my home?
Absolutely not!!! The public is becoming far too Knowledgeable in real estate and they have access to so much information. Commissions are coming down and some real estate companies are already meeting those demands as long as greed and operating expenses don't keep them from doing so.
Consumer Safety and Information
Buying a Home - hud.gov
Features and information for homebuyers from US Department of Housing and Urban Development.
It's a Big Deal - www.ftc.gov
Buying a Home is a Big Deal, so get help from the FTC.
Home Help - www.usa.gov
Mortgages for Home Buyers and Homeowners.
Your Home - www.yourhome.ca.gov
Welcome to the Consumer Home Mortgage Information Web Site!
Payments - www.pueblo.gsa.gov
How to Buy a Home With a Low Down Payment.
Visit our Credit Card Fraud section for useful information.