Answers by Keith Jean Pierre

A contingency is usually something that allows a person to back out of a contract if it does not go according to planned; such as an appraisal, home inspection, or financing contingency. If a seller is asking for no contingencies, this means they want a clean offer with nothing that can give cause for termination. Hopefully this helps. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Once you end up closing the title company informs your mortgage company by a payoff. Additionally, a pay off will be requested prior to closing which would also inform them. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Traditionally, home sellers pay the total commission for both the listing agent and the buyer’s agent. Following the August 2024 settlement, buyers are asked to directly pay their own agent, though sellers can still choose, and often, still pay buyer agent fees through negotiations. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

NACA (Neighborhood Assistance Corporation of America) home buying is a non-profit, HUD-approved program offering "America's Best Mortgage" to low-to-moderate income individuals, providing 100% financing with no down payment, no closing costs, no fees, no private mortgage insurance (PMI), and below-market fixed interest rates, regardless of credit score. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

The actual appraisal does not take a significant amount of time. For the average size home; say under 2500 square feet, you are typically looking at under half an hour. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

That is truly a personal decision that should be made based on comfort and affordability. More financial information would be required to correct access. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Yes, but you want to speak to an attorney and accountant to understand your possible liabilities. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is HEAVILY market dependent. Personally, our team does not do open houses unless the owner requests them or it is part of our marketing strategy; typically auction style listings. Otherwise, especially now, open houses tend to be rather quiet bringing in the neighbors, less motivated individuals, or buyers already represented by agents. As a result, it tends to not be a productive use of time for our clients and ourselves. Private showings always tend to be more beneficial. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Means there is an offer on the property that was accepted. You can still draft an offer, but it would be held as back up. There is also no guarantee you will be able to view the house if you have not already viewed it. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Usually this does not make much of a difference for the consumer, it is more so relevant to real estate operations. A real estate broker is allowed to manage an office and run a firm if they so desire. For you as the consumer, one vs the other should have no bearing on your day to day business of selling/purchasing your real estate.

Means there is a pending offer currently on the property. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

There is typically an expiration on the pre-approval. 30-90 days is typical. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Keep real estate sale documents for at least seven years after filing the tax return for the year the property was sold to satisfy IRS audit guidelines. Keep permanent records, such as the deed, closing statement (HUD-1/Closing Disclosure), and major improvement receipts, indefinitely to establish cost basis. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

In your market, a swimming pool will most likely not be considered an asset. Swimming pools tend to only be favored only in warmer markets. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is heavily market dependent. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is heavily market dependent. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is a structure that would be traditionally included in the sale unless you state otherwise prior to listing the home. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

A sale that typically sells much faster than the average days on the market. These are usually accomplished by as-is cash only deals. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

No "sales tax" on purchase of Florida Real Estate. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Its not offensive, but do keep in mind you generally get what you pay for. Discount agents can only operate at volume to be sustainable, which means that they will not have the resources to be super active in responses and customer service. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Typically, in most markets you can submit an offer on any property that is currently listed, regardless of the status, but that does not mean it will be accepted. It would typically be held as backup. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Yes, commissions are typically percentages and as such vary depending on the sales price. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Each state is different, but it typically means the room is of a minimum size, has a full-size window, and a closet. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Depends on your market, but typically in our markets it does not count in the calculated square footage on the real estate websites. The finished or unfinished basement would be added to the listed square footage. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

At face value of this question, yes, you can do this, we have done this hundreds of times for clients.

You will need a divorce settlement or agreement on how to proceed and then a competent realtor to assist you with the process.

You would need to get your home move in ready for the next tenant. Whether you renting vs. selling is a good idea, is totally dependent on your specific situation.

Cost to list a property generally goes up to 6% and then there are associated costs with the sale that you must also factor in like transfer taxes, attorneys fees, etc. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Ideally you do not want to have to ever reduce the price, but that requires you pricing the property properly right out of the gate. Little reductions will kill you. If you discount a $500,000 home, say $3,000, yes, it shows as a discount on the major sites to capture the eye, but when the consumer actually reviews it, and sees that it’s not significant, they tend to dismiss it. Consumers operate in brackets, meaning they shop up to their next price point. If your home is say, $495,000, they will shop up to $500,000. If you price at $505,000 but are willing to accept $495,000, they most likely won't see you. In this specific price range, a reduction of a minimum of $10,000 would be recommended and ideally $25,000. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

It was lived in so the house is not considered brand new but the description can say "As New" or "Like New" to convey the message.

As some has stated, you get what you pay for. The only way to make a flat fee brokerage model work on the back end is to do insane amounts of volume business wise. As such, there is no way to have excellent service given when you already discount services.

Depends on your personal situation but for tax purposes at least two years.

Due to the anticipated weekend activity. Weekends tend to be the highest traffic for showings. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can, but do keep in mind you generally get what you pay for. Discount agents can only operate at volume to be sustainable, which means that they will not have the resources to be super active in responses and customer service. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Auction style as is sale is your best option. Make sure you have a competent realtor that can execute this properly.

Any iBuying platform has to make a profit, so naturally the offer is a quick sale offer, which is lower than market value.

Auction style sale.

I would suggest you reach out to a real estate professional that specializes in this type of property. They should be able to get you pointed in the right direction. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Speak with a local agent and they can give you a valuation. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This would be between you and the individual agent / brokerage that you select, FastExpert does not directly charge a fee to you. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Price under market and conduct an auction style listing. Should have multiple offers in a weekend if done properly.

According to Rocket Mortgage: In West Virginia, a standard home appraisal typically costs between $400 and $700 for a single-family home. VA appraisal fees in West Virginia are specifically noted to be around $650. Costs can increase based on the home's size, complexity, and location. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

An "auction" style listing would be the best avenue. We do about 40-60 of these every year. Start the price under market, have a 4-day showing window and then best and final offers by a deadline. There is a lot more to it, but that should give you the gist of it. Let me know if you have any other questions. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Varies between markets but typically a full-size window and closet are required. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can hire an agent to do a market analysis or search on one of the major real estate websites to get a general idea. A market analysis or appraisal are going to be the most accurate. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Realtors typically do not repair credit; this would be the job of a credit repair specialist. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This would depend on the agreement you have. If you do not have one, then you would keep the proceeds (given the current available data you supplied). Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is the fee that is due to the agent for rendering services. The fee is negotiable and "typically" ranges between 2-4% for one side of a transaction. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Home Inspection is a no-brainer when purchasing a home. For the price of a few hundred to a few thousand dollars (depending on size of home and location), you can potentially save hundreds of thousands of dollars and headaches; not to mention possible financial ruin. ALWAYS get a home inspection, unless you have another avenue to mitigate the risk. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

To get your house ready to sell you want to focus on decluttering, deep cleaning, neutral repainting, and making minor repairs that will improve the overall perception of the property. Exterior enhancements are also beneficial such as landscaping, lighting and exterior painting if necessary. Remember, you want the buyers to stop in their tracks when they pull up or drive by. That positive shock value will result in a higher net number overall. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Interviewing more than one agent is not a problem, this is actually relatively normal. Best of luck with the interview process. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA