FAQ
The Help Center
Contemplating buying or selling a house and have no idea where to begin? Here’s a list of some of the questions you might have about the real estate process. If you have any additional questions, please get in touch.
1. How do I determine the asking price for my home?
The asking price of your home is determined through a Comparative Market Analysis (CMA), which compares your property to similar homes in your neighborhood that have recently sold. Other factors like the condition of your home, upgrades, location, and current market trends also play a role in setting the price. Your real estate agent can help guide you through this process to find the optimal price.​
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2. What should I do to prepare my home for sale?
Preparing your home for sale involves several steps. These include cleaning, decluttering, making minor repairs, and staging the home to highlight its best features. Your agent can recommend simple upgrades or changes that can add value and make your home more attractive to buyers. Professional staging and high-quality photography are often key to making a strong first impression.
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3. How long will it take to sell my home?
The time it takes to sell a home can vary widely depending on factors like location, market conditions, and the price point of the property. On average, homes in hot markets can sell in a few weeks, while others may take a bit longer. Your agent will provide an estimate based on local market trends, and they'll help market your home to attract the right buyers as quickly as possible.
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4. What is a "contingent" offer?
A contingent offer is when the buyer’s offer depends on certain conditions, such as securing financing, completing a satisfactory inspection, or selling their own home. While a contingent offer is not a guarantee, it’s still a strong indication of interest. You can accept, reject, or negotiate terms based on these contingencies.
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5. What happens after I accept an offer on my home?
Once you accept an offer, the process moves into escrow. This means the buyer deposits funds into an escrow account while both parties complete all necessary steps. These steps include property inspections, appraisals, negotiations, and finalizing the sale agreement. Your agent will guide you through these stages to ensure everything goes smoothly and on time.
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6. What is the escrow process?
Escrow is a neutral third-party process that ensures both the buyer and seller meet all the terms of the agreement before the sale is completed. During escrow, the buyer will schedule inspections, appraisals, and finalize their financing. The seller will make necessary repairs or fulfill any agreed-upon terms. Once everything is cleared, the transaction is finalized, and the sale is complete.
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7. Do I need to make repairs before selling my home?
While major repairs are not always necessary, addressing small issues like leaky faucets, broken tiles, or scuffed walls can go a long way in making your home more appealing. Your agent can help advise on which repairs or improvements may provide the best return on investment, as well as whether it’s better to sell as-is or make improvements first.
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8. What is the difference between a buyer's market and a seller's market?
In a buyer’s market, there are more homes for sale than buyers, which typically drives prices down and gives buyers more negotiating power. In a seller’s market, there are fewer homes for sale and more buyers, which tends to drive prices up and gives sellers more leverage in negotiations. Understanding the current market conditions is crucial when selling your home.
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9. Do I need to hire a real estate agent to sell my home?
While it's possible to sell a home without an agent, hiring a professional real estate agent can make the process much easier and more profitable. An agent will handle marketing, pricing, negotiations, paperwork, and legal requirements, helping you navigate the complexities of the sale and maximizing the sale price of your home.
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10. What costs are involved in selling my home?
When selling a home, there are several costs to consider, including agent commissions, repairs, home staging, and possibly closing costs. You may also have to pay off the remaining balance of your mortgage if there is any. Your agent can help you estimate these costs upfront, so you’re prepared and know what to expect at closing.