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Jean Lewis

Answers by Jean Lewis

5 answers · 27 pts

Jean Lewis
Jean Lewis05-06-2024

An appraisal will let you know if you are paying too much for a house.

What is better a 15 or 30 year mortgage?

Asked by Jesse · 12-11-2023

Jean Lewis
Jean Lewis12-11-2023

A 15 year mortgage allows you to pay significantly less money over the life of the loan. The Interest rate is lower than the 30 year mortgage, your payment will be higher but more of your money will be going towards the principal, allowing you to get the loan paid off in half the time.

What does it cost to list property ?

Asked by Randy · 10-10-2022

Jean Lewis
Jean Lewis10-15-2022

Hi Randy, typically there is no fee to get your home listed. Your real estate agent only gets paid upon closing. Since we run our own businesses, some agents may charge a minimum fee. Be sure to ask this question when you are interviewing agents. Thanks for the great question.

How often should we do a price drop?

Asked by Ashley · 10-02-2022

Jean Lewis
Jean Lewis10-15-2022

Hi Ashley, Yes, 4 price drops in 5 months typically causes buyers to have some concern and they also get the mindset to wait for more price drops before putting in an offer. It is key to properly position your home on the market from the beginning and when adjusting price, it needs to be significant to grab a substantial amount of additional buyers.

Jean Lewis
Jean Lewis05-13-2022

Anytime you see an estimated value for your home on a 3rd party website, you should be able to "Claim your Home" and update any inaccurate information.