Most Asked Real Estate Questions
Why do I need to get a home inspection when buying a home?
A home inspection is important when buying a home because it helps to identify any potential problems with the property that may not be visible to the untrained eye. By getting a professional inspection, you can learn about any structural issues, electrical or plumbing problems, or other issues that may require repairs or maintenance. This information can help you negotiate the sale price, as well as plan for any necessary repairs or maintenance once you move in. Overall, a home inspection provides peace of mind and protects your investment in the property.
Why can a seller reject my offer?
A seller can reject a real estate offer for a variety of reasons, including if they receive a better offer from another buyer or if they feel the offered price is too low. Other reasons may include if they have certain contingencies or requirements that the offer does not meet, or if they simply decide not to sell their property at this time. It is important to keep in mind that a seller is not obligated to accept any offer, and there may be factors outside of your control that influence their decision.
How do Realtors assess a home’s value?
Chris and Melissa Lombardo assess a home's value by considering a variety of factors, including its location, size, age, and condition, as well as recent sales of comparable properties in the same area. They may also take into account the home's features and amenities, such as the number of bedrooms and bathrooms, the quality of the materials used in its construction, and its overall curb appeal. Ultimately, they use their knowledge of the local real estate market and their expertise in analyzing property values to arrive at a fair and accurate assessment of a home's worth.
What is a conditional sale/offer?
A conditional sale in real estate refers to a purchase agreement where the buyer and seller agree to certain conditions that must be met before the sale is finalized. These conditions can include things like the buyer securing financing, the completion of a satisfactory home inspection, or the sale of the buyer's current home. Once all conditions have been met, the sale becomes unconditional and the transaction moves forward. If any of the conditions are not met, the sale may not go through.
How long will it take to sell my home?
The length of time it takes to sell a home can vary depending on various factors, such as the local real estate market conditions, the condition and location of the property, the asking price, and the level of demand from potential buyers. Some homes may sell within days or weeks, while others may take several months or longer. It is important to discuss this with Chris and Melissa Lombardo, as they can provide guidance on pricing, marketing, and negotiating to help sell your home as quickly and efficiently as possible.
When is the best time to sell my home?
The best time to sell a home can depend on a variety of factors, including local market conditions, seasonal trends, and personal circumstances. In general, the spring and summer months tend to be the busiest times for real estate sales, with more buyers in the market and better weather for showing homes. However, depending on your specific location and market conditions, it may be more advantageous to sell during other times of the year. Ultimately, it is important to work with a knowledgeable real estate agent like Chris and Melissa Lombardo, who can evaluate your individual circumstances and provide guidance on the best time to sell your home.
What do I need to qualify for a mortgage?
To qualify for a mortgage, you will typically need to provide documentation of your income, assets, and debts, as well as your credit history. This may include providing pay stubs, tax returns, bank statements, and other financial records. Lenders will also evaluate your credit score and credit history to determine the level of risk associated with lending you money. Other factors that may impact your ability to qualify for a mortgage include your level of debt, your employment history, and the size of your down payment. Working with a mortgage broker or lender can help you navigate the qualification process and determine the best mortgage options for your situation.
Do I need a REALTOR® to buy a new-build home?
It is not always necessary to have a REALTOR® to purchase a new-build home, but it can be beneficial. A REALTOR® like Chris and Melissa Lombardo can help you navigate the new home construction process, negotiate with the builder, and ensure that your best interests are represented throughout the transaction. They can also provide insight into the local real estate market and help you make informed decisions about the purchase. It is recommended that you research and interview potential REALTORS® to find one like Chris and Melissa Lombardo, who have experience in new-home construction and have a strong track record of client satisfaction.
Why should I work with a REALTOR®?
Working with an experienced REALTOR® like Chris and Melissa Lombardo can provide many benefits when buying or selling a home. Chris and Melissa are trained professionals, who have extensive knowledge of the real estate market and can provide valuable guidance and expertise throughout the transaction. They can help you navigate complex legal and financial processes, negotiate with other parties on your behalf, and provide insight into local market conditions and trends. Additionally, REALTORS® are bound by a code of ethics that ensures honesty, integrity, and professionalism in all aspects of their work. Working with Chris and Melissa Lombardo can save you time, money, and stress, and help ensure a successful real estate transaction.