Frequently Asked Questions (FAQ) Summary

What is the first step in buying a house?

Getting pre-approved for a mortgage is the crucial first step to understand your budget and show sellers you are a serious buyer.

How does a real estate agent get paid?

Agents are paid via a commission, typically a pre-negotiated percentage of the property's final selling price, usually paid by the seller.

What determines a property's market value?

Value is determined by location, size, condition, amenities, and current market demand.

What should I do to prepare my house for sale?

Focus on decluttering, cleaning, making minor repairs, and staging to make the house appealing to buyers..

What are the main costs when selling a house?

Key costs include agent commissions, repair costs, staging fees, closing costs, and potential capital gains taxes.

What is a buyer's agent vs. a seller's agent?

A buyer’s agent represents the buyer's interests in finding and negotiating a house. A seller’s agent (listing agent) markets the property and negotiates on behalf of the seller.