Why do we need a realtor?
An agent who is a member of the National Association of Realtors. They are governed by the rules set forth by Department of Real Estate and the NAR. A realtor will seek your interest making sure things are done right.

When is an agent a realtor?
When an agent decides to become a member of NAR (National Association of Realtors).

Why do I need a realtor?
There are different ways you could sell a property. However, using a realtor is the most valuable resource you will have. A realtor will make sure your transaction is done right.

What does foreclosure mean?
It is the legal way and means that a bank will obtain rights to take over a property from a mortgagor due to liens on a particular property. During such time, the property owner looses equitable rights to the property.

What is my home worth?

Your agent should be able to get comparables to determine how much a home is worth. Whether or not it will sell for what one thinks it is worth will be determined by the market conditions during the time one intends to sell a property.
 

What's this thing called curb appeal?

It's a term to simply express how the exterior of a property appeals to neighbors or other people driving by, hence "curb appeal".

What is escrow?

When the decision is made to purchase a property, terms and conditions are established for the ownership and transfer of that property.

How long is an escrow?

The length of an escrow is determined by the terms of the purchase agreement and can take anywhere from a few days to several months.

How can I tell if it's a good time to buy?
Timing is everything, so discussing this with your agent is the right thing to do. Generally speaking, economic conditions and market trends can dictate as to when to buy or sell.

Financing:
 

How much do I have to save in order to buy a home?

The rule of thumb is based on your monthly take home pay. You should have at least three months of reserve for mortgage and other living expenses. That way if for any reason you are not able to bring home that monthly income, your reserve should be able to take care of your mortgage payment. If calculated correctly, your family will get by during those difficult times.

How much can I afford?

There are very important information needed to qualify you for a loan. Some of these criteria include but not limited to how many years you've been employed at your current job, how much your take home pay is, your savings, just to name a few. Please consult your loan officer for detailed prequalification or contact us.

Should I refinance?

Every situation is different. Every market is different, however, in a market that has lower interest rates, refinancing is better that a line of credit.

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