FAQ's
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Buying
If I'm buying a home do I need a real estate agent?
While not required, buyer agents help with negotiating, locating properties, and handling legal paperwork, generally paid for by the seller.
When purchasing a home what are the closing costs?
These are fees for loans, title insurance, and inspections, usually totaling 3% to 5% of the home’s purchase price.
What type of credit score is needed when buing a home?
While some programs allow 580, most lenders prefer 620 or higher to qualify for competitive rates.
Selling
If I'm selling a home should I make repairs or sell "as-is"?
While repairs can boost your price and sell faster, as-is saves on immediate costs but requires disclosing known issues.
What does CMA mean when selling?
A Comparative Market Analysis (CMA) is a report from a real estate agent evaluating the price of your home based on similar recently sold homes.
When selling my home what preparations or processes should I do first?
Consult with a real estate expert to set a strategy, even if you are just exploring the option.
What are the benefits of commercial property leasing?
- Flexibility and Scalability:Businesses can easily scale up, downsize, or relocate at the end of a lease term, allowing them to adapt to changing market conditions without the burden of selling property.
- Prime Locations:Leasing provides access to high-traffic, prime business locations that might be too expensive or unavailable to purchase.
- Reduced Responsibility and Risk:Landlords are generally responsible for property management, major repairs, and maintenance, saving tenants time and unexpected expenses.
- Lower Upfront Costs & Better Cash Flow:Leasing requires less initial capital (no large down payment) compared to purchasing, freeing up cash for operations, marketing, or staffing.