Home Seller FAQ

Berkshire Hathaway HomeServices Drysdale Properties: The Place to Sell Your Home.

Preparing Your Home For Sale  Seller Tips  Seller FAQ

Importance of Pricing  Finding a REALTOR  Marketing Your Home

Seller FAQ:

Where do I start?

The place to begin is to find a licensed REALTOR® to assist you with your real estate sale. Choose an agent that gives you a proposal of the services that will be provided to achieve your desired goal.

An important step in your real estate sale is to find a lender. A local lender will specialize in loans for properties in your local area. Your REALTOR® can give you some recommendations for a local lender to work with. A lender will review your credit, work history and funds to close escrow. The lender, after determining your credit worthiness, will provide you a loan approval letter. A loan letter should accompany any real estate contract. Loan approval will give you a negotiating advantage in working with sellers.

Do you charge for market analysis?

There is no charge for a Comprehensive/Comparable Market Analysis as this is a necessary tool not only for you to know more about the market in your area, but to prepare us to help you with what is possibly one of the largest financial decisions you can make. Be aware that the CMA suggestive price will be based solely on the most current data available and that after meeting with you and touring your home we can get a more definitive price established.

Can you represent a buyer and a seller at the same time?

Yes, REALTORS® are capable of representing both the buyer and the seller at the same time, howver this is not the norm. The possibility of representing both sides of a transaction is quite small. The national average is probably only about a 2%-3% chance. If there is a possibility that this may occur all parties to the transaction must agree to the REALTOR® representing both sides. Since a REALTOR®'s first fiduciary responsibility is to his/her client, the REALTOR® would have to work in your best interest. If you feel the most comfortable with another agent representing the other side, then REALTORS® can easily refer that client to another agent within our firm.

What sets you a part from other REALTORS® in other companies?

At Berkshire Hathaway HomeServices Drysdale Properties, we offer our agents the tools; training, support, and technology to best exceed the needs of buyers and sellers. It is our mission to build on the American Dream and we look forward to helping you along the way.

What's your commission?

A standard 3% commission is applied to each side of the transaction. Commission rates are not set by law. It is important for a seller to interview an agent and see their marketing plan and the tools they will use to get the home sold at the highest price, in a reasonable time with the least inconvenience and stress to the seller. At that point the seller and agent can discuss the marketing/brokerage fee.

Can you help me get pre-approved with a lender?

Yes! Berkshire Hathaway HomeServices Drysdale Properties works hand-in-hand with the finest loan officers in the industry to support you.

What if my credit isn't perfect?

There is a mortgage for everyone in today's financing environment. Through the One-Stop-Shop at Berkshire Hathaway HomeServices Drysdale Properties, our agents and our mortgage partners can help with credit improvement and counseling to find the best mortgage loan for you. If your credit is not perfect, if there are blemishes on past credit history, our professionals can help you get on track to obtain an affordable mortgage loan so you may realize the American Dream of Home Ownership.

Will you help me coordinate inspections?

Our sales associates are encouraged to take advantage of Premier Transaction Services. SkySlope, our paperless transaction system, is a process by which each inspection, coordination, etc. is "logged" and verified for the agent as well as the client. It's our "risk management" for you and provides a seamless transaction.

What happens when I enter into a contract?

Select a real estate agent to advise and assist you in preparing a contract. Preview the properties available and select the property that best fits your lifestyle and needs. Your agent will assist you in preparing a real estate contract, which is a legal agreement between the buyer and seller. The buyer will be requested to give an earnest money down payment of typically 1% of the purchase price. The contract gives the buyer the opportunity to request title insurance, escrow fees, inspections, repairs and a home warranty, a 1-year service plan. Also, the buyer can request the seller to assist with the buyer's loan and closing costs. The contract is fully accepted when the buyer and seller mutually agree and sign the contract and counter offers. The seller can entertain all offers until the buyer and seller agrees evidenced by their signatures of acceptance.

What happens when I enter into a contract and the home inspections reveal too much work is needed?

Buyers have the opportunity to pay to have a Home Inspection completed on the home they are purchasing. When the report reveals that there is work to be completed, the buyer can prepare a "Request for Repairs" listing the repairs to be completed by the seller before the close of escrow. If the seller refuses to make the repairs, the buyer has a time period to give written notification to the seller that they no longer want to purchase the property and select to cancel escrow. The purchase contract gives the buyer the opportunity to approve the inspections, disclosures and unknown material matters. When there is an issue that cannot be agreed upon between buyer and seller, the buyer has outlined time periods to notify the seller and if the seller chooses to disagree, the buyer can cancel the transaction.

I'm moving out of the area. Can you refer someone who can help?

Yes, Contact our Relocation Department. They are skilled and licensed professionals ready to help. Our Relocation department does an excellent job of matching up clients with suitable REALTORS® all across the US. Our Relocation Department acts as your Real Estate Concierge to "hook-you-up" with all of your real estate requests.

How much money do I need for a down payment?

There is a selection of loan types from 100% financing to a variety of down payment programs. Consult your lender for the best loan program that fits your needs. Each loan includes loan costs that cover the loan processing, credit report, appraisal and prepaid items. 

Can the seller help with closing costs?

Buyers frequently ask sellers to help with closing costs and this is becoming a common practice. Sellers can help with closing costs as long as it meets the criteria of the lender, which varies from transaction to transaction.

BHHS Drysdale Properties agents: Share this page on your Facebook or other social networking site. Followers will automatically be associated with your account. Enter your username and click <Continue>

  • Related Pages

  • Request Information