• How does the average list price compare to the average sale price over the past year? If there'sa big difference between them, it could indicate that homes in this area are overpriced or underpriced relative to their actual market value. This information can help you choose a location where housing prices are more reasonable (and, therefore, likely to increase).

• The current level of inventory – that is, how many houses are currently for sale in your target area?In most cities and towns throughout America, there aren't enough homes compared to how many people want/need them. So, if inventory is low, buyers typicallypay more than usual for their next home purchase due to scarcity driving prices up.

Do you want me to sign an exclusive buyer agency agreement?

An exclusive buyer agency agreement is when a real estate agent agrees to represent only you and your interests.If the seller hires another agent, they'll have to sell the home through your agent. This can be beneficial if you've found a house and want to move quickly but are worried another buyer will swoop in before you get the chance.

Imagine a competing offer comes in after the seller's broker has accepted your initial bid. You have signed an exclusive buyer agency agreement, and both sides must go back to square one. This means that everyone has wasted time and effort negotiating the terms of their contracts again from scratch. Instead, a better way would be to move forward toward closing dates for both parties involved.

What commission do you make on the sale?

The commission is the percentage of the sale price that your realtor will make for selling your home.In most cases, this commission is between 3% and 6%, with a typical range being 4% to 5%.It's paid by the seller and can be paid in cash or rolled into closing costs (which you can choose not to pay if you are paying off any other loans on your home). You'll want to know exactly how much of a cut they're taking before deciding whether or not they should help you sell your house.

How much earnest money should I put down when making an offer on the house?

The earnest money is typically 1% of the purchase price, but it can be higher or lower depending on the situation. You'll need a good plan for where you will store this money if you have to back out of your offer at any point during negotiations. Having an escrow account set up at a bank before making an offer will ensure the safety of your earnest money and other closing funds until the closing day.

Once you get all of your questions answered, you’ll be ready to buy your new home! However, this process will require additional planning. While moving from one home to another, you might need to pay for moving and packing services, find storage,etc. Since this is a complex process, you need to be very careful not to overspend and avoid unwanted moving expenses.If you are already planning a relocation, create a list of your priorities and tasks so you can work within a specific budget.

Make a list of questions to ask your realtor and set on a home buying journey with confidence

There's a lot to think about when buying a house or condo. And if you're like most people, you probably don't know much about the process. So you must research and gather a list of questions to ask your realtor. The first set of questions will be about what type of property best suits your needs and budget. The questions listed above will help guide this conversation so that both parties understand each other better.