Frequently Asked Questions

Can I sell my property while still living in it?

Yes, it's possible to sell a property while residing in it. However, you should work closely with your real estate agent to plan and schedule showings, ensure proper presentation, and accommodate potential buyers during the selling process.

Can I buy a property if I am a first-time homebuyer?

Yes, there are various programs and incentives available for first-time homebuyers, including down payment assistance, special loan options, and tax credits. Research local and national programs to explore your eligibility.

Are real estate prices negotiable?

In real estate, almost everything is negotiable. The difference between a home's list price and its actual selling price can vary based on market conditions. Buyers may have room to negotiate if the market is less competitive, while sellers may have more leverage in a strong market. However, unexpected offers at the asking price can happen. Negotiations play a significant role in real estate transactions.

Can I back out of a purchase agreement?

In most cases, buyers have the option to back out of a purchase agreement during a specified inspection period or due diligence period. However, it's important to review the terms and consult with your real estate agent to understand any potential implications or consequences.

Is Renting or Buying Better?

Renting or buying depends on your situation and goals. Renting offers flexibility and lower upfront costs, while homeownership builds equity and provides long-term stability. Consider factors like finances, lifestyle, and market conditions to make an informed decision. Consult with professionals for guidance based on your circumstances.

What is a home warranty, and should I consider purchasing one?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. It provides added protection beyond the standard homeowner's insurance policy. Whether to purchase one depends on your specific needs and the condition of the property.