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Knowledge Base
Knowledge Base

Inspector
  1. Why should I hire a home inspector?
    • Most people are not intimately familiar with the workings of construction and all mechanical systems. A good home inspector has taken extensive training prior to entering the field and also undergoes on-going training in order to do this work. As trained home inspectors, they learned about the inner workings of different types of heating systems, air conditioning, roofing, building construction, plumbing, electrical, among the other things that are found in a house...

  2. What general home inspection checks?
    • Wall covering, landscaping, grading, elevation, drainage, driveways, fences, sidewalks, fascia, trim, doors, windows, lights and exterior receptacles. Framing, ventilation, type of roof construction, flashing and gutters. It does not include a guarantee of roof condition nor a roof certification...

  3. Why should I hire My own home inspector?
    • Your agent will often recommend the name of a home inspector to you, it is preferable that you hire someone that you find on your own to do the inspection. Because the price that the home sells for determines the amount of commission that your realtor will receive, there is a benefit to them if their inspector quotes a higher value on the home. If the realtor actively endorses an inflated quote from the inspector that they recommend you use, then the arrangement is probably not just unethical but also illegal. A shady inspector might also inflate quotes out of a feeling of obligation to an agent who sends them business as well; without ever being asked to...

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Mortgage Lender
  1. How to find a good mortgage lender
    • Interview your mortgage lenders, explain your situation and ask their questions such as which mortgage loan type is better for you, how is current market and how long to process the loan...

  2. How to get best mortgage rate
    • Financing a home is the single biggest financial decision most of us make. You've got to shop for a loan very hard to get best rate. The common strategy is: Don't take whatever they offer from bank or mortgage brokers...

  3. What is mortgage contingency
    • A "mortgage contingency" is a provision in the home purchase contract that says that if the prospective buyer can’t get a mortgage within a fixed period of time, she/he can call the whole deal off. In other words, the agreement is conditional on the buyer being able to obtain a mortgage on the property. It usually lasts for 30 to 60 days, depending on the average time needed to obtain a loan commitment..

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realtor
  1. Why should I hire a realtor?
    • The process of buying a house is complex, and most people find it's easiest to get through with an agent by their side. Paperwork will be flying around like a small tornado, and it can be helpful to have someone familiar with the process to deal with it...

  2. How to interview a realtor?
    • Smart consumers interview potential Realtors before deciding on whom to hire. Just as you are sizing up the potential for a good fit, rest assured that the realtor will likely be interviewing you, too. Be wary of agents who don't ask you questions and probe for your motivation. You wouldn't work with just any agent off the street, and good agents are just as selective about their clients, too...

  3. How Realtors are paid?
    • Realtors normally are paid on commission, not salary after home search is complete and transaction is closed. In most cases, the seller pays the commission to both the seller's agent and your agent -- usually around 5% of the sales price, to be split between the two agents (seller agent and buyer agent)...

  4. Dual agency
    • Dual Agency is the process by which one real estate broker represents both the seller and the buyer in a transaction. It is legal in most of states (Except Alabama, Florida, Hawaii, Maryland), provided it is fully disclosed and consented to by all parties...

  5. How to fire realtor?
    • When you start to buy a home or sale a home, you may hire a realtor. But after a while, you feel unhappy about his/her service and do not trust him/her any more...

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