Amanda Courtney

The best way for a home buyer to receive a financial gift is through a properly documented gift letter approved by the mortgage lender. The letter should confirm the funds are a gift, not a loan. Always verify your lender's requirements before the transfer and ask your real estate agent to guide you through the process.

Yes, a family member can contribute toward your mortgage buydown. Most lenders treat this as a financial gift for closing costs, which means a gift letter and proof of funds are required. Speak with your mortgage lender early so everything is documented correctly to ensure your home loan approval goes smoothly.

When buying a home sight unseen, it is important to work with a trusted local real estate agent who can provide video tours, detailed neighborhood information, and professional guidance. Include inspection and appraisal contingencies in your real estate contract to protect yourself and make sure you feel confident purchasing a home you have not visited in person.

To cancel a buyer's agreement with a real estate agent, review the terms of the contract carefully. Most agreements explain the cancellation process and whether a notice period or fee applies. The best approach is to first have an open discussion with your agent and then follow up with written notice to protect your home buying process.

Right of first refusal in real estate gives a person or group the first opportunity to purchase a property before the seller can accept another offer. If they decline, the seller is free to move forward with other buyers. This clause often comes up in situations involving tenants, family members, or homeowners' associations, so it is important to understand if it applies when buying or selling a home.

Refinancing a mortgage may cause a temporary dip in your credit score because lenders perform a hard credit inquiry during the application process. Typically, this is only a few points and often recovers within a few months as long as you make on-time payments. Over the long term, refinancing can actually improve your credit if it lowers your monthly payment or helps you pay off debt faster.

There is technically no limit on how many times you can refinance your home. However, most lenders require a seasoning period (often 6 months to a year) between refinances. The real question is whether refinancing makes financial sense. You'll want to weigh the closing costs, interest rate savings, and how long you plan to stay in the home before deciding.

Yes, in many cases you can combine adjoining parcels of land into one deed, a process often called a " lot combinationaEUR? or " parcel consolidation.aEUR? This typically requires filing paperwork with your local property appraiser or county recorder's office. Local zoning laws, HOA rules, and tax assessments can all play a role, so it's best to work with a local real estate attorney or title company to complete the process correctly.

Buying a home through back taxes usually happens at a tax deed sale or tax lien auction. Counties in Florida and across the U.S. auction properties when taxes go unpaid. While it can be a way to buy a home below market value, it comes with risks such as title issues, liens, or even redemption periods where the original owner can reclaim the property. Always do thorough due diligence and consider hiring a real estate professional experienced in tax sales before pursuing this strategy.

Nope! Florida does not charge sales tax on the purchase of real estate. When you buy a home, you'll be responsible for closing costs, property taxes, title fees, and possibly documentary stamp taxes, but not sales tax. This is one of the reasons Florida is considered tax-friendly for homeowners.

No, you do not pay sales tax when you purchase a home in Florida. Instead, you will see other closing costs such as title insurance, recording fees, and in some cases a state documentary stamp tax on the deed and mortgage. These are one-time fees that vary depending on the purchase price and financing. A knowledgeable real estate agent can walk you through each cost so there are no surprises at closing.

In most real estate transactions, who pays for major repairs or expenses depends on what is negotiated in the contract. In Florida, sellers are required to disclose known defects, but they are not automatically responsible for fixing everything. Often, repairs or credits are worked out during inspections. An experienced agent can help you negotiate so that large expenses are fairly addressed before closing.

Not at all. Open houses are designed to welcome potential buyers, neighbors, and even those just exploring the market. It is perfectly acceptable to browse as long as you are respectful of the property and the hosting agent. If you are working with a RealtorA(R), it is always good etiquette to mention that when you sign in. Attending open houses can be a great way to learn more about neighborhoods and pricing trends in your area.

A private or pocket listing can sometimes limit your exposure. When your home is not marketed through the MLS, fewer buyers and agents will know it is available, which can reduce competition and affect your final sale price. However, in some cases such as selling a luxury property where privacy is important, it can work to your advantage. The right strategy depends on your property, price point, and goals. A local expert can advise which approach will net you the best results.

Easements can vary, but in Florida they are often found along the sides, front, or back of a property to allow utilities, drainage, or shared access. A side easement may run from front to back, but not always. The exact location will be shown on a survey or title report. Before purchasing, it is important to review these documents so you know where easements are and how they may affect your ability to build a pool, fence, or addition.

To buy a HUD foreclosure, you'll need a HUD-approved real estate broker who's registered to submit offers through HUD's online bidding system. The easiest way is to visit HUDHomestore.gov, where you can search for approved agents by city or ZIP code. If you're in Southwest Florida, reach out to a local HUD-registered broker familiar with Fort Myers and Cape Coral propertiesaEUR"they'll guide you through the bidding process, inspections, and financing options. Working with an experienced agent ensures you're fully protected when buying a HUD home.

If you're referring to FHA, VA, or USDA (Rural Development) loans, look for approved local lenders who specialize in those programs. Start by checking the HUD lender list or speaking with a real estate agent who regularly works with government-backed financing. A reputable lender will review your credit, income, and goals to recommend the right loan type. In Fort Myers and Cape Coral, many trusted lenders are experienced with these programs and can help you get pre-approved quickly.

Your home doesn't need to be spotless like a showing, but it should be neat, accessible, and well-presented. Appraisers focus on the property's structure and condition, but a clean, organized home makes a strong impression and helps them see that it's been well-maintained. Make sure all rooms are accessible, replace burnt-out bulbs, and clear clutter away from major systems (AC unit, water heater, electrical panel). A tidy home signals pride of ownership, which can positively influence the appraiser's perception.

If your appraisal comes in lower than expected, don't panic. You can request a reconsideration of value by providing comparable recent sales that better reflect your home's worth. Your real estate agent can help gather the strongest comps and submit them through your lender. Sometimes appraisers revise their reports if new data supports a higher value. If not, you can explore switching lenders, appealing, or negotiating adjustments with the buyer or seller based on the updated valuation.

YesaEUR"low credit doesn't automatically disqualify you. Government-backed loans like FHA or VA loans are designed for buyers with lower credit scores, sometimes as low as 580 (or even 500 with a larger down payment). Lenders also look at income, debt ratio, and payment history, so improving a few key areas can boost approval odds. Working with a knowledgeable real estate agent and lender team ensures you explore every available option and build a plan to get you to the closing table.

Yes, you can buy half of a duplex and still have full ownership of your unit, depending on how the property is titled. Duplexes can be deeded as one parcel (shared ownership) or as two separate legal lots (each with its own title). If the duplex is already divided, you can own your half outright. If not, you'd need to work with a real estate attorney or title company to establish a new legal description and ownership agreement. In Florida, this is common when investors or families purchase side-by-side units. Always confirm zoning, title, and HOA rules before you buy.

Raffling a home might sound creative, but it's not as simple as it seems. In most states, including Florida, raffling real estate falls under state gaming and lottery laws, which often restrict private individuals from running raffles without proper licensing. You can, however, work with a licensed nonprofit organization that meets legal requirements to host a raffle. Before moving forward, consult a real estate attorney or your local Department of Business & Professional Regulation (DBPR) to ensure your plan complies with state law.

It's actually fairly common for buyers to request a re-evaluation or appraisal review when the appraised value comes in lower than expected. This process, called a Reconsideration of Value (ROV), allows buyers and their agents to present comparable recent sales that support a higher valuation. It's a standard step in real estate transactions and can make a big difference in financing and negotiations. Working with an experienced agent who understands local comps in Fort Myers and Cape Coral helps you navigate this smoothly.

Yes, it's always best to be honest with your agent, but you don't have to worry about that information being shared publicly. Your reason for moving helps your agent market your home appropriately and anticipate buyer questions. However, your personal details remain confidential. If you're relocating because of neighbor issues, your agent will focus on selling the property's strengthsaEUR"location, upgrades, layoutaEUR"without mentioning private or sensitive reasons for the move.

Yes, in Florida, sellers are legally required to disclose known property defects, including past or present water damage, leaks, flooding, or mold. Full disclosure protects you from potential lawsuits and builds trust with buyers. Even if the issue has been repaired, it's best to document the work and provide proof. A transparent disclosure helps avoid deal delays and keeps you compliant with Florida real estate law. Buyers appreciate honestyaEUR"and it often results in a smoother closing process.

Not necessarily. In Florida, a room can still be considered a bedroom if it meets safety requirements like having a window for egress and a proper entrance. Appraisers and buyers may still expect a closet, but it is not a legal requirement.

Yes, if the issue could still affect the property's value or safety. Florida law requires sellers to disclose known material defects even if they were repaired years ago. Full transparency helps protect you from future liability.

Once a contract expires, your agent can help coordinate key return and any required release paperwork. Both parties usually sign a cancellation or release form confirming no further obligations.

Absolutely. A great buyer's agent should be proactive, sending listings, scheduling showings, and staying ahead of new opportunities that match your goals and budget.

You can explore FHA 203(k) or HomeStyle Renovation loans, which combine the purchase and renovation into one mortgage. Partnering with a skilled lender and experienced agent can make the process smooth even with less-than-perfect credit.

Yes, but there are rules. A pocket listing means your property is not publicly listed on the MLS. It can offer privacy but limits exposure, so it is best used strategically with a trusted broker who understands your goals.

That is okay. In Florida, some agents show homes first to build rapport. Before making offers, your agent should present a buyer's broker agreement outlining representation and compensation terms.

Price it competitively, make small repairs, and partner with a local agent experienced in fast sales. Cash buyers or investors may close in as little as two weeks, especially if your home is move-in ready.

You will need a joint tenancy agreement or co-ownership contract that outlines shares, financial contributions, and what happens if one person sells. A real estate attorney or your agent can help you structure it properly.

Start by getting pre-approved with a lender, setting a budget, and finding a trusted local agent. Ask about first-time buyer programs in Florida that offer down payment assistance or reduced closing costs.

Yes. Buyer agreements can be customized for a short term or limited scope. You can agree to representation for just a few showings if you are still deciding on an agent relationship.

Possibly. It depends on zoning, local ordinances, and lot size minimums in your county. Your local planning department or a real estate agent familiar with land use can guide you through the process.

Yes, if your pre-approval letter is outdated or if financing terms have changed. Sellers want to ensure buyers remain qualified up to closing, especially if the process takes several weeks.

In Florida, it is not required, but it is wise to have an agent or attorney review your contract to ensure you are protected, especially when buying low-cost or distressed properties.

Stay calm and counter strategically. Review recent comparable sales and work with your agent to craft a response that keeps negotiations alive while protecting your property's value.

Yes, rent-to-own gives buyers time to improve credit or save for a down payment while locking in a future purchase price. It can also benefit sellers by providing steady rental income and a committed future buyer. It's important both sides have a clear contract reviewed by a real estate professional.

During a post-closing rent-back, the buyer becomes the owner, but the seller (now tenant) typically covers day-to-day maintenance and utilities during the rental period. The agreement should outline responsibilities for repairs and upkeep to avoid confusion.

Most buyer's broker agreements in Florida last 90 days, but they can range from 30 to 180 days depending on your timeline and agent relationship. The agreement ensures your agent represents your best interests and helps you find and negotiate the right home.

Yes, you can still sell a home with a lien, but the lien must be paid off or resolved before closing. Your real estate agent and title company will work with the lienholder to ensure a clear title is transferred to the buyer.

Not necessarily. Holiday buyers are often serious and motivated, and with fewer homes listed, your property can stand out more. If you stage it warmly and price it competitively, you could attract quality buyers even during the slower season.

Start by asking your real estate agent (like me!) for a trusted local referral. A good mortgage lender should be responsive, transparent, and experienced with your loan typeaEUR"whether it's conventional, FHA, VA, or jumbo. I always recommend interviewing at least two lenders to compare rates, fees, and communication styles. Local lenders tend to close faster and understand regional underwriting quirks better than big banks.

Typically, 1"2 open houses are held within the first month of listing a home. The goal is to maximize early exposure while your home is " freshaEUR? on the market. After that, open houses are scheduled strategically based on buyer interest and market feedbackaEUR"quality over quantity.

Yes, but it depends on your lender and loan type. Some conventional loans allow you to waive escrow if you have strong credit and enough equity. However, most lenders prefer escrow accounts because they ensure property taxes and insurance are paid on time. It's convenience versus control.

Almost always, yes. Escrow acts as a neutral third party that holds funds, coordinates the closing, and ensures all contract terms are met. Once the sale is finalized, escrow also manages your tax and insurance payments through your loan servicer if you have an escrow account set up.

A Mexican corporation that owns U.S. real estate is subject to U.S. taxes just like any foreign entity. That includes income tax on rental income and potential capital gains tax when selling. It's crucial to consult a cross-border CPA familiar with the U.S."Mexico tax treaty to avoid double taxation.

If your agent is ill and can't perform duties, ask if they have a team or backup agent who can step in temporarily. A professional brokerage should always have coverage to protect clients' timelines and contracts.

That's a sensitive but valid issue. If it's affecting your experience, you can politely address it or request a replacement through their brokerage. You deserve to feel comfortable and confident with your representativeaEUR"it's a professional relationship.

You must be 18 years old to legally sign a real estate contract in most U.S. states. However, minors can own property through a trust or guardianaEUR"so technically, ownership is possible before 18, just not direct contract signing.

Once an offer is accepted and signed, it becomes a legally binding contract. A seller can only back out under certain conditionsaEUR"like an unresolved contingencyaEUR"or risk legal consequences. Always consult your real estate agent and closing attorney before making any moves.

Yes. Most states require a " No Brokerage RelationshipaEUR? or " Buyer AcknowledgmentaEUR? form that confirms the buyer understands they're not represented by an agent. It protects both parties and clarifies that the agent owes no fiduciary duties to the buyer.

Not at allaEUR"if done strategically. While some buyers discover homes online first, open houses still create local buzz and bring in neighbors who might know potential buyers. They also allow agents to gather feedback and generate future leads. For well-marketed listings, open houses can absolutely move the needle.

If rates are lower than when you bought, or if you've improved your credit score, refinancing can reduce your monthly payment. You can also extend the loan term to ease payments, but it's best to weigh that against the total interest paid over time.

Yes, but it depends on zoning laws and your county's approval for subdividing land. In Southwest Florida, you'd need a land survey, potential re-platting, and county sign-off. It's a detailed processaEUR"but definitely possible.

All parties listed on the deed must agree to sell and sign closing documents. If one co-owner disagrees, the sale can't proceed without legal resolution. Make sure everyone's on the same page before listing to avoid delays.

An executed contract means all required parties have signed. If an addendum is unsigned, it's not valid until all parties agree in writing. Never rely on verbal changesaEUR"make sure every term is documented and signed to protect both buyer and seller.

If the state wants to buy your house, it's usually part of a public project such as road expansion or utility work. This process is called eminent domain. You do have rights, including the right to receive fair market value and the ability to challenge the offer if it seems too low. It's wise to speak with a real estate agent familiar with government acquisitions or an attorney who can help negotiate fair compensation and protect your interests.

You're not alone! Florida homeowners have seen major increases in insurance costs. Start by getting quotes from multiple carriers, reviewing your wind mitigation credits, and increasing your deductible if possible. If that doesn't help, consider Citizens Insurance or explore bundling policies to save. Making updates like installing impact windows or replacing an old roof can also lower premiums. As a local real estate professional, I can connect you with trusted insurance agents who specialize in Southwest Florida homes.

When an appraisal comes in low, it can feel stressful, but it's not the end of your deal. You can challenge the appraisal with new comparable sales, renegotiate with the seller, or cover the difference if your finances allow. The key is to review the report carefully and have your agent guide you through the best next step so your contract stays on track.

No, but it definitely helps. A mortgage pre-approval gives you a clear idea of your budget and shows sellers that you're serious. Most agents, myself included, can connect you with trusted local lenders who can get you pre-approved quickly. You can still talk to an agent first aEUR" we'll help you line up your financing and get you ready to make confident offers.

It depends on the contract terms. The inspection period is usually when you can request repairs or renegotiate if issues come up. Once that period ends, changes become limited, but both buyer and seller can still agree to amendments if both sides are willing. Having an experienced agent to guide communication makes this process much smoother.

Not necessarily! Seller financing can be a great option, especially for buyers who may not qualify for traditional loans or investors looking for flexibility. What matters most are the terms aEUR" the interest rate, down payment, and repayment schedule. The seller keeps a lien on the property, meaning if payments stop, they can take the home back. When structured properly and reviewed by a professional, it can be a win-win for both sides.

No, an agent can't enforce payment for a non-mandatory POA, but they can help clarify whether the association is truly voluntary or not. Sometimes joining a POA gives access to community benefits like amenities, landscaping, or maintenance that can help resale value later. Always review the community's governing documents before deciding.

An Adjustable-Rate Mortgage (ARM) isn't automatically risky, but it does depend on your long-term plans. ARMs usually start with a lower interest rate that adjusts after a set number of years. If you plan to sell or refinance before that adjustment, it can save you money. If you plan to stay long-term, you'll want to understand how high that rate could go so there are no surprises down the road.

That's okay! Many Florida homes, especially older ones, weren't built by large developers. What matters is safety, functionality, and transparency. Before listing, schedule an inspection to uncover any issues you might want to fix or disclose. You can still sell confidently with the right pricing strategy and a solid marketing plan that focuses on your home's strengths.

Absolutely. As the homeowner, you can choose your selling price. Some sellers lower their price for a quick sale, to help family, or to avoid repairs. Just keep in mind that if you have a mortgage, your lender will still expect full payoff of the loan balance. Your agent can help you weigh your goals and the financial impact before setting your price.

Yes, you can aEUR" but timing matters. To qualify for the IRS primary residence exclusion, you must live in the home as your main residence for at least 2 of the last 5 years before selling. Doing so can exclude up to $250,000 (single) or $500,000 (married filing jointly) from taxable capital gains. Keep in mind that partial exemptions or proration may apply if you recently converted it, so it's smart to talk with a tax professional before listing.

Not exactly aEUR" they handle different sides of the transaction. A buyer's agent focuses on finding the right home, negotiating terms, and guiding the buyer through inspections, financing, and closing. A listing (seller's) agent handles marketing, pricing strategy, and attracting qualified buyers. Both roles require skill and communication, but the workload can vary based on market conditions and client needs.

In most cases, buyer's and seller's agents split the total commission paid by the seller at closing. The exact split can vary depending on the listing agreement aEUR" often 50/50, but sometimes slightly different. It's all negotiated upfront in the listing contract and reflected in the MLS listing so both sides know what's offered.

Commission rates are always negotiable. The best way to approach it is by discussing the marketing plan, level of service, and expected results. An experienced agent who offers professional photography, online exposure, and strong negotiation skills often brings more value than a lower commission alone. Ask your agent to explain how their fee supports your goals aEUR" especially in today's competitive market.

In Southwest Florida, a typical buyer's agent commission ranges from 2.5% to 3%, though this can vary by property type and local market trends. The key is ensuring your agent provides value through expert negotiation, detailed contract management, and local insight. The goal isn't just the lowest rate aEUR" it's a smooth, successful closing with the best possible terms.

Usually no. For safety, allergies, and seller preferences, pets should stay home. Service animals are the exception. If you must bring a dog, ask your agent first, get seller approval, keep the dog leashed outside, and avoid entering occupied homes with pets.

For a primary residence, you generally need to have owned and lived in the home for at least 2 of the last 5 years before selling to exclude up to $250k in gain ($500k if married filing jointly). Investment properties don't qualify, but a 1031 exchange can defer taxes. Talk to your CPA for your specifics and timing.

Yes. Options include FHA 203(k), Fannie Mae HomeStyle, and Freddie Mac CHOICERenovation. These bundle purchase (or refinance) plus renovation costs into one mortgage with one closing and funds released as work is completed.

It depends on the agreement. An exclusive buyer brokerage agreement typically commits you to that agent for the term stated. Look for term length, cancellation clauses, and how to end the agreement in writing. If you want flexibility, ask for a shorter term or property-specific agreement before signing.

If you have a mortgage, your lender requires it. If you own the home free and clear, there's no law forcing insurance, but going uninsured is very riskyaEUR"especially in Florida where wind and flood exposure are real. Condos/HOAs may also require certain coverages. Flood insurance is separate from homeowners; lenders generally require it in designated flood zones.

Usually, yes. Check your buyer agreement firstaEUR"you might owe the first agent. Get a written release, then the new agent can step in.

Look for someone who closes FHA, VA, USDA often and knows local down-payment help. Ask for recent examples and their preferred lenders.

Often, but it depends on the contract. Review the term and cancellation clause, then request a written release from the broker.

Maybe. FHA can work with lower scores. A lender can map a quick planaEUR"pay down balances, fix errors, and you may qualify sooner than you think.

Recheck price, condition, and photos. Fix easy objections, refresh media, consider credits/rate buydown, and relaunch with a sharper price.

Yes! Anyone can make your mortgage payment aEUR" a family member, business partner, even a tenant aEUR" as long as the payment is made on time and in full. Just remember, your name is still legally responsible for the loan, so if payments are late, it affects your credit.

Not always. Most agreements have a set time period or a cancellation clause. If you're unhappy, talk with the agent first aEUR" many will release you voluntarily. You can also contact their broker if you feel the service hasn't met your expectations.

You have a few options: one partner can refinance and buy out the other's share, or you can sell the home and split the proceeds. If things are complicated, a real estate attorney can help ensure your portion is protected and the process stays fair.

Yes aEUR" agents are legally obligated to disclose material facts they know about the property that could impact value or a buyer's decision. This includes things like roof leaks, foundation issues, or known code violations. Honesty keeps everyone protected.

It depends on the debt. You're responsible for debts in your name or jointly held with someone else. If a loved one passes, their estate typically handles their debts aEUR" not you personally aEUR" unless you co-signed or are listed on the loan.

Yes aEUR" in Florida, sellers must disclose anything they know that could affect a buyer's decision to purchase, even if they built the home themselves. That includes structural issues, permits, or work not done to code. Transparency helps protect you legally and builds buyer trust.

Ask about your credit score, down-payment options, and what loan types you qualify for. You'll also want to know your total monthly payment (including taxes and insurance) and what to expect in closing costs. A good agent will walk you through each step so you feel confident from start to finish.

Not every agent handles manufactured homes aEUR" you'll want someone familiar with the requirements for financing, foundations, and title transfer. Look for an agent with experience in your specific area and property type aEUR" I sell many in SWFL and know exactly how to market them!

They don't have to aEUR" unless that relationship could affect negotiations. But it's always a good idea to ask. Real estate is a relationship business, and knowing about any prior connection helps you understand the dynamics at the table.

Start with clean-up, declutter, and light staging to make it shine. Then price it competitively aEUR" the first two weeks on the market are key! Hire an agent who uses professional photos, online ads, and social media marketing to reach qualified buyers fast.

That depends on your goals and the relationship! If you've been working with a Realtor for four years and haven't reached your goal yet, it may be time to reassess. Sometimes long-term relationships make sense aEUR" like if you're investing, renting, or buying multiple properties aEUR" but if progress has stalled, have an honest conversation about next steps or a new strategy.

Look for areas close to campus with steady rental demand, safe neighborhoods, and low vacancy rates. Focus on properties that can attract students but also appeal to future tenants if the school's demand shifts. Always run the numbers aEUR" cash flow, insurance, and maintenance aEUR" before buying!

If the seller didn't complete agreed-upon repairs, review your contract first. You may have rights to request proof, negotiate credit at closing, or delay the closing until work is done. Your Realtor can help ensure proper documentation and coordinate inspections to verify completion.

Start with a professional market analysis and get the condo show-ready. Consider pricing slightly below market for a faster sale and make sure all estate paperwork is in order. Cash buyers or investors often look for inherited properties, which can speed things up too.

If you're buying back a foreclosed or tax-delinquent property (a redemption), traditional lenders usually won't finance it aEUR" you'll likely need cash, hard money, or a private lender. Talk with a local mortgage professional familiar with foreclosure redemptions to find the best option.

Not necessarily. The best time to sell depends on your local market, your timeline, and buyer demand. In many areas, spring and summer are busy, but serious buyers shop year round. If you are ready and the numbers make sense, list when it fits your goals.

Keep closing documents, title policies, surveys, and improvement receipts for as long as you own the property. After selling, hold on to them for tax purposes for at least 3 to 7 years. When in doubt, digital copies are your friend.

Yes, but only if they are not considered part of the property. Anything permanently planted in the ground is a fixture and typically stays unless you excluded it in the contract. If you love a plant, dig it up or swap it out before listing or disclose it up front.

Not always. A lender gives you the max based on finances, but your comfort level matters. Focus on a payment that fits your lifestyle and long term plans, not just the top number on your letter.

For most traditional purchases, you do not need a HUD approved agent. HUD approval only applies when buying HUD owned properties. For regular sales, any licensed real estate agent can help you.

Usually the listing brokerage or the photographer owns the rights, depending on the agreement. Sellers cannot automatically reuse photos without permission unless stated in the listing contract.

It can. When you add livable finished space, the property value may go up and the county may reassess. Always check local rules before starting a major project.

No. Commission is typically paid at closing through the settlement statement once the sale is complete. If someone is demanding payment early, that is not standard.

Options include buying it yourself and renting to them, co signing with them, or they purchase with your financial help. Each has tax and lending implications, so talk with a lender and CPA to structure it correctly.

If you owe more than your home is worth or need lender concessions, yes the lender would need to approve a short sale. If you have equity and can pay off the loan in full, you can sell quickly without bank approval.

You can look at recent comparable sales in the area, check online valuation tools, and review local market trends. For the most accurate number, a real estate professional or appraiser can provide a detailed market analysis based on current conditions.

Tenant rights vary by state, but generally you have the right to a safe, habitable home, privacy, and proper notice before eviction or entry. Review your lease and check your state's tenant laws to make sure your landlord is following proper procedures.

If improving your score will help you qualify for a better loan rate, then waiting can save you money long-term. However, every situation is different, so consider meeting with a lender to weigh your options and see where you stand today.

Yes, you can sell a rental property anywhere, even if you don't live in that state. It helps to hire a local real estate agent who knows the market and can handle showings, inspections, and closing details for you.

You technically don't need one, but having an agent is helpful, especially with land. They can assist with zoning, utilities, easements, surveys, and pricing so you make an informed decision and avoid surprises.

Plan your closing dates carefully and communicate with your lender and agents. Some people negotiate temporary occupancy, do a lease-back, or stay with family or in short-term rentals if needed. Good planning keeps things smooth but know that you can do what we call a simultaneous closing where everything happens on the same day.

Prices vary widely based on condition, location, land vs. lot rental, and age of the home. In most areas, the range can be anywhere from $50k to over $150k. A local agent or lender familiar with manufactured housing can help you narrow down expected costs.

Start with a real estate agent who has investment experience. They can help you analyze numbers, find opportunities, and connect you with investor-focused lenders or advisors if needed.

Request a comparative market analysis from a local real estate agent. They'll review similar recent sales, current competition, and market trends to give you a reliable estimate.

You can connect with investors through real estate networking events, online forums, Facebook groups, BiggerPockets, or by asking a local real estate agent who works with investors. They'll often know active buyers in the area.

When buying a home, the appraisal is usually ordered by your lender after you've gone under contract. However, if you're paying cash or want one before making an offer, you can hire a licensed appraiser directly. Look for one who's certified in your state and familiar with the local market your agent can recommend someone reputable.

If multiple people own the property, all owners must agree to sell and sign the listing and closing documents. If one party disagrees, you may need legal mediation or a court-ordered sale (called a partition action). A real estate attorney and your agent can help navigate this process smoothly.

This is very common! You can either sell first, then buy aEUR" or do both simultaneously using a contingent offer. Your agent can coordinate timing so the closings align, minimizing the need for temporary housing or bridge loans.

Yes! Any licensed real estate agent can sell lakefront or waterfront property. However, it's best to work with one who specializes in waterfront homes, since they'll understand unique factors like dock permits, flood zones, and shoreline regulations.

Search on platforms like Realtor.com, Zillow, or FastExpert and filter for agents with experience in 55+ or active adult communities. These agents understand HOA rules, age restrictions, and community amenities aEUR" helping you find the perfect fit.

If you're borrowing from or lending to a private individual, have an attorney draft a promissory note and record a mortgage or deed of trust. This protects both parties and clearly outlines repayment terms, interest, and recourse if default occurs.

Air rights are part of your property ownership, but if you sell or transfer them (common in cities), they can be separated. To keep them, avoid signing them away and ensure your deed and zoning documents reflect full retention of those rights.

It depends on location, demand, and income potential. Commercial properties often yield higher returns but require more capital and management. Residential properties tend to appreciate steadily and are easier to finance and sell.

Usually, landlords charge one month's rent as a deposit, but in some cases (like poor credit or no rental history), two months may be requested. It's legal in many states but should still comply with state-specific deposit limits.

An assessor's job is tied to public tax records, so their evaluations do become part of public record. If you want a private opinion of value, hire a licensed appraiser instead aEUR" their report remains confidential and won't affect your property taxes.

Yes aEUR" natural water features can increase property value, especially if they're usable, scenic, and well-maintained. However, the value boost depends on location, accessibility, and whether the creek impacts flood zones or maintenance costs.

In most markets, spring (March"May) is ideal since buyer demand peaks and homes show well. However, in Florida and other warm climates, winter can be just as strong due to seasonal buyers. Your agent can pinpoint the best local timing.

No, you're free to choose your own agent. The name listed is usually the listing agent representing the seller. You can hire your own buyer's agent to represent your best interests during the purchase.

Typically, no. The seller usually pays the commission for both the listing and buyer's agents. It's still good to confirm this with your agent before signing any agreements.

It depends on your down payment, loan term, and interest rate. For example, with 10% down and a 6.5% rate over 30 years, your payment (principal + interest) would be about $1,425/month, not including taxes and insurance.

If your home is held in a trust, you'll need to confirm who the acting trustee is. The trustee is the one who signs all the listing and closing documents. It's also smart to have a copy of the trust certificate on file so your title company can verify authority before listing the property. A real estate agent experienced in trust sales can guide you through this process smoothly.

That sounds like a historic gem! When selling a home that old, documentation and condition matter most. You'll want to highlight any preserved architectural details, updates to electrical or plumbing systems, and whether the home qualifies for any historic designations or tax incentives. A specialized appraiser or agent familiar with historic properties will be a great resource.

You don't have to, but an estate sale can help clear out furniture, antiques, or collectibles you don't plan to move. It's especially useful if you're handling a family estate or downsizing. Professional estate sale companies can organize, price, and market items for you, saving time and stress.

For inheritance or estate tax, you'll need what's called a " date of death appraisal.aEUR? This provides the fair market value of the home at the time of the owner's passing. A licensed real estate appraiser or agent can prepare this for your accountant or attorney.

Once forbearance ends, you'll need to resume your regular mortgage payments or set up a repayment plan with your lender. If payments are not made, the foreclosure process can start within about 60 to 90 days, depending on your state's laws and the lender's policy.

NACA (Neighborhood Assistance Corporation of America) is a homeownership program that helps buyers qualify for loans with no down payment, no closing costs, and no private mortgage insurance. It's designed for buyers with low to moderate income and focuses on affordability rather than credit score alone.

Affordability depends on what you value most, but some of the most budget-friendly areas include parts of the Midwest and South such as Ohio, Indiana, Alabama, and Tennessee. Florida still has affordable pockets inland from the coast, too. Working with a local agent can help you compare housing costs, property taxes, and lifestyle benefits.

FastExpert doesn't charge home buyers or sellers a fee to use the platform. Agents pay a referral fee only after a successful closing, which means you get connected with experienced professionals at no cost to you.

A typical home appraisal costs between $400 and $700 depending on the property's size, location, and complexity. Larger or unique properties, like acreage or historic homes, may cost a bit more due to additional research and comparable data needed.

Yes, you can submit a backup offer. This means if the current contract falls through, your offer automatically becomes next in line. It's a good strategy when you really love a property but it's already under contract.

Start by decluttering and deep cleaning. Fresh paint, clean landscaping, and simple updates like new light fixtures can go a long way. You'll also want to handle any needed repairs before listing so the home shows well and passes inspection easily.

It can, especially in warmer climates like Florida where pools are in demand. However, the value increase depends on the neighborhood and the pool's condition. In many cases, it helps your home sell faster rather than significantly boosting the appraised value.

If you haven't had much activity or offers within the first 2 to 3 weeks, it's a good time to review your price and feedback. The market sets the tone, so staying flexible and proactive helps attract more buyers.

It varies by market, but in most areas homes sell within 30 to 60 days if priced correctly. New construction or luxury homes might take longer, while move-in-ready homes in popular areas can sell within a week.

A market comparison, or CMA, involves looking at similar recently sold homes in your area. You'll compare size, condition, location, and features to estimate your home's value. Most real estate agents provide a complimentary CMA to help sellers price their home accurately.

Most homes have an exterior water shut off located near the front of the property. Look for a metal or plastic cover close to the ground, often near the foundation or where the main water line enters the home. If you cannot find it, your local water utility can show you the exact location.

Not at all. Many clients ask about commission and it is a normal part of the conversation. A good agent will explain what is included in their service and help you understand the value you are getting.

It is not required, but it can be a smart idea. An appraisal gives you a professional opinion of value so you know you are not overpaying. Cash buyers often order one for peace of mind.

Start by looking at recent sales of similar homes in your neighborhood. You can also request a Comparative Market Analysis from a real estate agent or hire an appraiser for a full valuation.

Closets inside the heated and cooled living area are included in the square footage. Storage areas that are not climate controlled, such as garages, attics, or exterior closets, are not included.

This is a common strategy. Many buyers choose to buy now so they do not miss out on a home they love, then refinance if rates drop later. Just make sure the monthly payment you start with is still comfortable.

A good guideline is to invest about 5 to 15 percent of your home's value. Focus on upgrades that offer the best return like new cabinets, countertops, flooring, and updated appliances.

Most offers set their own response deadline. If there is no deadline written in, sellers often respond within 24 to 48 hours. It depends on the market and how quickly decisions need to be made.

A bathroom remodel can increase your home's value by about 50 to 70 percent of what you spend. Updated bathrooms are very attractive to buyers and often help homes sell faster.