FAQ

• What is the selling/buying process like?

Buying and selling a home can be a stressful process, particularly for first-time buyers. When answering this question, please provide as much information as possible allowing us to show you how the process works. We can ask separate questions for each party if we are both a buyer agent and a seller agent. Additionally, we can create separate questions for both parties if we are both buyer’s agents and seller’s agents. Finally, we can assure our clients that our team is here to support them throughout the entire process, providing them with peace of mind.

• How do I know what to list my house for?

Again, this will depend on the individual situation. Our team ensures that they explain to potential buyers that utilizing Comps, Current Market Rates, House features, and other factors will result in a reasonable listing price that is likely to receive a positive response from the buying market. It is essential to have the property evaluated and listed by an impartial third party. This is where our team comes in. This is yet another opportunity to invite them to contact Death Valley Real Estate. What is the selling/buying process like?

• Do I need a home inspection?

Although home inspections are not typically included in the home purchase process, they are an invaluable asset that homeowners possess and should be conducted on all properties. It is important to promote this practice for homeowners, but it is even more important to use this specific response to illustrate the advantages of having home inspections. For a relatively small fee, in most instances, individuals can gain a comprehensive overview of the home they wish to purchase and gain a clear understanding of the situation they are entering into.

• How much commission do you charge?

One of the most frequently asked questions is, “What will my commission rate be?” We are more than happy to disclose our commission rate for both seller’s and buyer’s agents. Additionally, we are willing to disclose any discount rates, special considerations, or other elements that may influence this rate. We strive to be as transparent as possible and ensure that our commission rates are comparable to those of other agents in the vicinity, in order to demonstrate to potential clients that we are not only competitive but also provide superior service and solutions.

• How long will it take to sell my property?

This is a seemingly impossible question to answer, yet it is one that is frequently asked. People often wonder how long they will need to wait before relocating, or how soon they can expect to receive their funds so that they can repay their mortgage and begin the process of purchasing a new residence. People tend to prefer timelines, and while the process cannot be predicted, we can provide an overview of past experiences and what we would anticipate based on current market conditions. Subsequently, DV Real Estate can invite clients to contact us for a more specific quote by discussing the property and the exact details of the sale.

• Why do I need a real estate agent?

Actually, the client asks “why do I” a lot of the time. People need to be made aware that they require this service. You have the opportunity to explain the why by listing all of the things that we do right now. Specifically, emphasize how buying and selling properties is what we do for a living and have done for many years.

• How many properties should I view before buying one? 

You have the choice! Shopping for properties is undoubtedly simpler than it has ever been. The process of buying a home has been completely altered by the ability to search for properties online and view pictures before ever leaving the comfort of your living room. We are at an all-time high for convenience. But nothing compares to actually going to a house to see how it looks and “feels.”

• What is a stratified market?

When supply and demand factors in the same region (typically a city) differ by price point, the market is said to be stratified. Homes under $750k may experience slow sales, while homes over $1.5M may experience brisk sales (seller’s market). This scenario occasionally occurs in Caribbean cities where foreign investors are looking for a place to park their money before purchasing pricey real estate. Mid-priced home sales activity, however, may be completely different.

• What is a buyer’s market? 

A buyer’s market is one where demand is weak and home prices are falling. Both long-term and short-term buyer demand may be influenced by a number of factors, including: Economic disruption: a large employer suspends operations and fires staff.

• As interest rates rise, fewer people can borrow the money necessary to purchase a home because the cost of borrowing is higher. As a result, there are fewer potential buyers available on the market. Due to increased demand, home prices decline and buyers can find better deals.
• Borrowers may temporarily benefit from a short-term drop in interest rates by having more purchasing power before home prices respond to the recent changes in interest rates.
• A new subdivision with a high inventory may drive down the value of older homes nearby, especially if those older homes lack highly desirable features (like modern appliances).
• a recent earthquake or flooding can tank property values in the neighborhood where those disruptions occurred.

· What is a seller’s market?

Prices rise in sellers’ markets as a result of rising home demand. Here are a few factors that influence demand:

• Economical factors: As the local labor market tightens, more people move in, driving up housing costs before more inventory can be built.
• As the cost of money decreases, the affordability of homes improves, generating more buyer interest, especially from those who can afford larger homes. If buyers are “on the fence,” a brief increase in interest rates may persuade them to buy if they think the upward trend will continue. Before their purchasing power (the amount they can borrow) is reduced, buyers want to act.
• Due to a lack of new construction, there are fewer homes on the market due to low inventory. There may be a price increase for existing homes as fewer units are available.