Real Estate FAQs

What's the difference between a listing agent and a selling agent?

Traditionally, all agents involved in a real estate transaction legally represent the Seller (both the "Listing Agent" and the "Selling Agent.") When a Buyer's Agent is involved, the person buying the property is represented by the "Selling Agent," who is known as the "Buyer's Agent." For a more indepth explanation, check out

How long does it take to buy a house?

Every buyer moves at a different pace depending on their comfort level but it is typically 5 to 6 weeks from time of mortgage application to close.

What's the difference between being pre-qualified and pre-approved for a mortgage?

A pre-qualification is issued from a financial institution or lender prior to submitting an offer, credit is not pulled to issue a pre-qualification. A Qualification comes to the buyer once an appraisal is done, a significant credit check along with other lender regulations.

Can I buy a home and sell my current one at the same time?

Yes. Many do. There are several factors involved and it is wise advise to consult a Realtor as to the timing and risks.

What is a FHA home loan?

An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

What kind of credit score do I need to buy a home?

Different lenders have different requirements and programs but a minimum FICO of 580 is required when going FHA.

What other fees are there other than the down payment?

Your lender will give you an estimate of closing costs on the purchase of a particular house you've selected. This is called a "Good Faith Estimate".

What is a buyer's representative?

A buyer’s representative is an agent who advocates for the buyer—not the seller—in a real estate transaction.  For a more indepth explanation, check out

Do I have to sell to the person with the highest offer?

Not necessarily. Again, we recommend having the service of a licensed Realtor to guide you through the process—but price is not always the only factor.

Why should I use a real estate agent when selling my house?

A Licensed Realtor can help you with competitive market analysis, marketing, open houses, and co-oping with the local multi-list system as well as navigating the contract process and guidance on lending.

How should I prepare my home to sell?

Presentation is everything! Home buyers are attracted to clean, spacious and attractive houses. Your goal is to dazzle buyers. For detailed tips, go to:



How much commission do you charge?

There is no standard commission, commission is negotiable and set by each independent Broker or Agency.

Is there a best time to put my house on the market?

Many think Spring and Summer. However, we have found that the competition of similarly priced homes will be less in the "off season" giving you less competition in the marketplace. For example, if you are selling a $300,000 home in the summer there may be 35 or more on the market; but in winter,  there may only be 5--giving you an advantage.