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FAQs FOR BUYERS

  • When is the best time of year to sell a house?
    You can sell your home at any time of the year, although some seasons are better than others. In most areas, the spring and fall months are the hottest homebuying seasons of the year, while sales slow down in the summer as families are busy with sports and vacations. Winter is the other season sales can be slow due to the holidays.
  • What are local market conditions?
    Your real estate agent will provide you with a comprehensive market analysis that will show you what the local market trends are and how they will impact the sale of your home.
  • What does a Realtor do?
    A REALTOR® is your most valuable asset when buying a home. They will walk you through every part of the home buying process. They will educate and inform you of all your options. They will represent you throughout the transaction and beyond.
  • How much is my house worth?
    Your agent will provide you with a CMA (Comparative Market Analysis) for homes in your area that will demonstrate to you an approximation of your homes’ value.
  • How much does it cost to sell my house?
    Most of the costs come out of escrow at the closing of the sale, not out of pocket. Agents and brokerages typically have an industry standard that is charged as a commission. Remember, you get what you pay for and great agents earn their commissions.
  • Where does the home inspector come in?
    Once an offer has been accepted, the clock starts running. The home inspection is part of that process and your agent will work with the buyer's agent to schedule the home inspections.
  • Should I make repairs before listing the house?
    Determining what repairs are needed to get the price you expect is another topic your agent can help advise you on. The more "move-in" ready your home is, the more likely it will draw potential buyers.
  • What if the appraisal comes in too low?
    If the offer you accept is an all cash offer it won't affect the sale unless the buyer's ask for a reduced price. Then your agent works for you to negotiate the deal with the buyer's agent. If the buyer's are financing the home, the financial institution can not loan more than what the home is worth and your agent will be able to advise you.
  • What happens if I need to stay in the house longer than closing?
    As your agent, I can help you negotiate a rent-back option if it is needed.

Greg Powell Bend Realtor

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