FAQs

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Is this neighborhood safe?

Can we list my house at a higher price?

The short answer is, yes. The disadvantages of this include fewer showings and a longer time on the market (which is a red flag to buyers). It’s best to list at current market value as you will attract more offers. Your realtor will help you determine the market value based on comparable sales in the area.

How do realtors get paid?

Realtors are typically paid a commission based on the sale price of the home. The listing agent will negotiate a commission with the seller, while the buyer will negotiate a commission with their agent.

What if I don't like the house after the inspection?

There is an inspection contingency in the purchase agreement. During this period, you can unconditionally disapprove of the inspection and be released from the contract. Your earnest money deposit will be refunded to you at this time.

Who pays for the inspections?

The buyer pays for inspections.

What's the difference between an inspector and an appraiser?

The inspector is the person selected by you, the buyer, to determine the condition of the home. The appraiser is randomly selected by the lending institution to determine the value of the home. Both are paid for by the buyer.

What is escrow?

Escrow is a neutral third party who is retained to handle all funds in a transaction as well as close the transaction. Escrow is associated with a title company. Escrow is also a term used by your mortgage company to refer to the portion of your payment they retain to pay your property taxes and insurance.

The house I want in Portland has a big tree I'd like to remove. Can I do that?