BuyingAHome-JenniferChristenot

with and utilizing the Internet; and that will prove to be very
important during the home-buying process.
Lastly, once the real estate agent has found you a suitable
home to look at, ask them what other houses are for sale in
the area. This will give you a chance to see how well the agent
knows the area off the top of their head; they should know the
area extremely well.
6.) How are agents paid, and how much are they paid?
No one can put an exact number on how much agents are
paid because it’s typically a commission based on the home’s
selling price. Commission rates for one agent might not be the
same as those of another; and the division of the commission
fees between the listing and buying agent will vary from
state to state. However, typically when sellers sign a listing
agreement, their contract is with the brokerage that listed the
property. Any agent or brokerage fees that are paid must be
paid through that brokerage, and it’s through this brokerage
that the seller’s agent, as well as the buyer’s agent, will be paid.
7.) What’s the difference between a pre-qualification letter
and a pre-approval letter for a mortgage?
After speaking to a lender about financing their mortgage,
buyers are likely to get one of two letters: a pre-qualification, or
a pre-approval. Both are likely to evoke excitement, but what
do they really mean?
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FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT