“I was nervous at first but Michael helped answer my questions and I learned a lot about buying a home!!” – Theresa Hamilton, Winston-Salem
This page is packed with tips and advice to help you learn more about the home buying process. An informed home buyer will make a better decision. Click the links below to learn more about both Buying and Selling a home. Our agents are here to help when you are ready to begin looking at a new home or sell a current property.
How Much Home?
Explanation of Features/Benefits
Today there are a lot more options to consider when financing your next home. Programs catering to First Time Home Buyers, No Income Verification programs for the self employed, Zero Percent Down Payment, Adjustable Rate Mortgages (ARM’s) and Interest Only home loans are only a few of the choices available.
This abundance of mortgage programs has made it more important than ever to establish a relationship with a local lender. They can provide valuable guidance as to which mortgage loan will meet your economic needs and allow you to buy the home that you want.
Fill out the following information and a local lender will respond with a loan program that will meet your needs.
Selling a Home
How much is your house worth?
We provide you with a Comparative Market Analysis (CMA). Your property is compared to other like houses of similar construction in similar neighborhoods that are presently for sale and those that have sold recently. This information is combined with our knowledge of the real estate market to arrive at a recommended List Price for your property.
Based on your CMA, an Estimated Net Proceeds (ENP) calculation shows you an estimate of all the costs associated with the sale of your house. This information will give you an indication of the monies you can realize from the sale of your property.
You can obtain your CMA and ENP at no cost and at no obligation. To arrange for an agent to view your property click here.
Preparing your house to sell
A house that is not properly prepared for sale will take longer to sell and will sell for 20 to 30% less than it should.
A real estate professional can provide you with a Showing Analysis of your house detailing what needs to be done to place your property on the market. To schedule an appointment for your no cost Analysis click here.
Most of the preparation to sell your property is cosmetic in nature. Starting with the first impression, curb appeal, to the interior preparation you can view a list of our recommendations to you to make your selling experience as brief and as profitable as possible. (Click here to view list)
The Selling Process
Listing your home with a Broker is the first step. You will be asked for a listing commitment, usually 6 months or longer, and negotiate a sales fee that is normally based on a percentage of your property’s sale price. Click to view a copy of the Exclusive Right to Sell Listing Agreementand the mandatory Residential Property Disclosure Statement you’ll be asked to sign.
Our commitment to you is to sell your property in the shortest amount of time and at the best possible price. Your property is advertised in all the major color media plus exposed on all the real estate web sites and immediately listed on the MLS. In house and at the road promotion pieces are used as well as Open House events where desired.
An electronic key box is placed on your house to allow real estate agents access. In addition to providing the highest level of security, this device records who visited your home and when.
All offers are presented along with an Estimated Net Proceeds as soon as possible after receipt. We assist in the negotiation process with our goal being a signed win/win Contract. Click here to have an agent contact you to list your home.
Closing on your house
A Contract on your property is just the beginning of a successful closing.
Buyers have the right to perform Inspections and to ask for deficiencies to be remedied. You have the option to refuse to complete any requested repairs with the understanding that the Buyers can then terminate the Contract.
Your agent assists in the negotiation of repairs and obtains signatures on the required Repair Agreements. Typically, pest infestations and higher than acceptable levels of radon gas are not negotiable with the cost of treatment and remediation being borne by you, the Seller.
Closing is scheduled with the Buyers’ attorney. They will prepare your closing documents and the HUD-1 Settlement Statement showing your expenses and net proceeds from the sale of your property. This is reviewed and approved prior to closing.
Buyers are granted possession of your property at closing unless an Occupancy Agreement is negotiated.