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F.A.Qs

Here is a collection of frequently asked questions to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

Buyers

  • What is a "One-Time Show" listing?
  • What's the Difference between a "Listing Agent" and "Selling Agent"?
  • What does FSBO mean?
  • What is a broker?
  • What is a contingency?
  • What is a Multiple Listing Service (MLS)?
  • What is a debt-to-income ratio?
  • What is title insurance?
  • What is the difference between being prequalified and preapproved for a loan?
  • What is a REALTORŪ?
  • What is homeowners association (HOA)?
  • Why should I use a real estate agent?
  • Is an older home as good a value as a new home?
  • What is an escrow officer?
  • Can a home depreciate in value?
  • What are closing costs?

    • Sellers

  • What is an "Exclusive Agency Listing"?
  • What is an "Exclusive Right to Sell" listing?
  • What are comparables or comps?
  • What is a counteroffer?
  • What does an appraisal mean?
  • Why should I use a real estate agent?
  • Is there a "best time" to put my house on the market?
  • How should I price my home?
  • What are disadvantages of pricing my home on the high end?
  • Do I have to sell to the person with the highest offer?
  • Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer?
  • Who is responsible for making repairs, if any, as a result of home inspection reports conducted for the buyer?
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    Prudential Nichols

    Rock Solid in Real Estate   -  Prudential Nichols Real Estate
    Ph: (251) 626-2030  -  Fax: (251) 626-2351
    6351 Monroe St
    Daphne, AL 36526
    www.prudentialnichols.com

     

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