Browsing Category Stupid Real Estate Questions – AKA: What are the questions you think you should know but have never asked?

Frequently Asked Real Estate Questions

Stupid Real Estate Questions

Transcription: As I tell my customers and clients, it’s not a stupid question in that you’re in a stupid mindset, but it’s a stupid question in that there are no such things as dumb questions, just the ones you don’t ask. A lot of what I do is complicated, it’s complex and it’s very intricate in details and it seems really simple to me because I do this everyday. … So that’s my thought process for this site, stupid real estate questions is I want to answer the questions that my clients have frequently, the ones that almost every single one of them asks, I want to be able to put in one place so that they can go and find these answers because a lot of them will ask: – Should I get an attorney or a title company? – Should I get a home inspection? … And these are questions that happen every single day, so I want to help and educate and put them all in one place.

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Why Use a Buyer-Broker Agreement?

I tend to use buyer broker agreements with all of my buyer clients fairly early on in our buyer client realtor relationships and this reason is this: first and foremost it lays out my fiduciary duties to my buyer clients. … I approach it as something that I will be asking for, but the first couple of meetings is sort of a time of dating of us feeling each other out and seeing if we are good matches, if we want to work with each other. Buyers and Realtors tend to spend a lot of time with each other, anywhere from six to 1,000 hours together looking for houses and home inspections and just time in the car and meeting the kids. … So pretty much if you need a page to explain the perils of why dual agency is bad, really, you might want to get rid of it altogether, but I write in all my buyer broker agreements that I will not do single agent dual agency.

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Attorney or Title Company for Closing in Charlottesville?

In Charlottesville, we are still a small town and in my opinion, if something does come up at the closing table, which does happen occasionally, it’s better for the buyer to have an attorney who can provide legal representation and advice. … They do the paperwork and there are some in town that are very very good and I’ve used frequently, but I think that when a buyer is going to closing, they’re also buying the relationship that that attorney has with the other attorneys around town. … The arguments are (and I’ll link to this if you find this on RealCentralVA.com it will be linked at the bottom of the post) – one of my partners wrote a story about specifically whether the attorneys are in fact more expensive than the closing companies. … Here is the last thing I’ll say: I look for worst case scenarios in almost everything I do and try to find a happy medium and the worst case scenario is this and this happened last year: go to closing, at the closing table something goes wrong and you, the buyer, have a closing company, they can’t give legal advice .

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Should I get Three Competitive Market Analyses?

The best may not be the highest, in fact, the worst may be the highest because that realtor may be trying to buy your listing and then in three months come and say: well, you know, we really kind of missed it, let’s reduce the price. You want to try and price it right from day one, as challenging as that may be and the worst may be the lowest because that realtor may be trying to just get a quick sale and not look out for your best interest. … Look at the amount of inventory in your segment of the market and look at those trends, the pricing trends, the market trends and anything that I can look at and then what I do after I come to my conclusions of a price range and look at my market plan, I give everything to my potential client so that they can see what I’m looking at and so that I can back up my advice. Ultimately the decision is my clients, but I want to make sure that they are as educated as possible on what my marketing strategies are and what my pricing strategy is because again, it’s not my money we’re talking about or my life, it’s my clients.

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Process of Buying a Home in Charlottesville

It’s really simple when you condense it this way and it’s actually much more complex , but for our purposes, here’s how it goes: first I think it’s important to choose a buyer broker , one who you choose and trust. … Then it’s a matter of finding homes and searching for homes online and off and then once we start looking at homes together, really it’s important for me to see your reaction so that you can learn what you like and dislike in homes and I can read your body language and hear your comments about what you like and dislike about the home and the location, etc., etc., Then once you find a home that you like, we put together an offer, do the negotiating process and once we get to a contract, it’s a matter of getting the home inspection done if you so choose, septic inspection, and all this stuff done within that window. … The next milestone is getting the loan commitment whereby we have the appraisal which is done by a third party where they hopefully accurately appraise the market value of the home and once we get the loan commitment out of the way, it’s a matter of proceeding to closing. At some point prior to that you will have chosen an attorney or title company to either represent you and your best interest in the case of an attorney or do the paper work for closing in the case of a title company.

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