Sellers

What is real estate fee

Sorry, but I need more specifics to give you a good answer. What fees are you referring to?

There are a lot of fees involved with the purchase or sale of real estate. Many are dependent on whether you are the buyer of the seller.

If you can let me know what fee you are talking about (title fees, lender fees, real estate agent commissions, etc) and whether you are the buyer or seller I may be able to help more.

What is Title Insurance?

An important question, and one I covered awhile back in my blog on this post on title insurance at The Phoenix Real Estate Guy...

What is the best way to set a price on my home?

There are two main ways to establish a home listing price:

1) Get a full blown appraisal: A certified home appraiser will give you an estimated market price for about $300.

Title company is asking me to sign the deed BEFORE closing?!?

Signature of Warranty Deed Before Closing Not Required

Question: We are scheduled to close on the sale of our home in three weeks. The escrowi company handling the transaction has sent us paperwork for signing, including a warranty deed to the buyers. We are concerned about signing a warranty deed to our home three weeks prior to closing, but the escrow company says that this warranty deed will not be recorded until closing and, if the sale does not close, this warranty deed will be destroyed. Should we sign this warranty deed now?

Open Houses - Good or Bad?

Open Houses - you see the signs everywhere, typically on the weekends. In an "Open House" the selling agent will be at a home and answer questions and show the home to anyone who happens to stop by. Sometimes dozens of people will drop by an open house, sometimes no one shows up.

How much does a swimming pool add to home value?

Having a swimming pool built is not cheap. If you spend $20,000 on a pool, it will not add $20,000 to the value of your home. Sadly, it may add nothing to the value of your home. Don't add a pool to your home if you expect to recoup the cost upon sale. It just doesn't work that way. Add a pool to your home because you want a pool. A pool is an outstanding investment in terms of recreation, fun, enjoyment, enhancing the appearance of your back yard and it provides great exercise.

How long will it take to sell my home?

This question is difficult (actually, impossible) to answer. A good real estate agent can tell you the Average Days On Market (DOM) for your area, but it's just that--an average. Some homes will sell faster than the average DOM, some will take longer.

Houses sell based on three primary factors:

* Condition
* Location
* Price

What is a Fixture?

Simply put, a fixture is something that is permanently attached to real property (a house). Things such as ceiling fans, chandeliers, towel racks, built in shelves, carpet etc. Fixtures are always included in the sale of a home. The owner of a home can’t unbolt everything connected to a home before you take possession.

Granted, a ceiling fan isn’t really “permanent”. It could be uninstalled. But it IS an integral part of the home (unlike say, a piece of furniture) and is included in the sale of a home.

What do all these terms in the Multiple Listing Service (MLS) mean? Sale pending, AWC, TOM, DOM, etc?

This is the terminology currently used in the Phoenix area Multiple Listing Service (ARMLSi). They may be different than what is used outside of the Phoenix area, however it is likely that any large MLSi will have very similar terminology.

"Active": If a listing is active, then it is available for sale and there has not been an offer accepted. An offer may have been submitted, but it hasn't been accepted by the seller yet.

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