office (302)
724-4310
fax (302) 674-8318
Mobile Phone (302) 670-4092
Frequently Asked Questions
There are many things to know before proceeding on a Real Estate transaction. I have tried to include some of the most frequently asked questions.
Q: How much are your services?
A: If you are a buyer, tenant, or a seller who would like to do a
short sale. All of the services are free to you. However, if you are
a Seller the fee is 6%. If you are a Landlord and just want your
home marketed it is one months rent, or if you want full management
services it includes a monthly fee. Please inquire as only certain
kinds of properties qualify.
Q: What services do you provide?
A: As a Realtor, we work as agents for the buyers, sellers and
sometimes both, which is called dual agency. Whether your are buying
or selling, it is our job to protect your best interests. Also to
represent you and help guide you through the negotiation process as
well as help you navigate through the process and avoid many
commonly made mistakes.
Q: Can you lower your commission to 5%?
A: Commission is divided into 4 parts. Buyers Agent, Buyers Broker, Sellers Agent and Sellers Broker. So then lowering the commission 1% results in the buyers agents having thier pay reduced by 16.7% if they sell your home. Do you want the Real Estate professional who is showing your home to potential buyers to be punished economically for selling your home verses a competitors home? It has been my experience that buyers agents tend to offer much less money for homes listed at a discount, hoping their buyers will chose another home that does not have a discounted paycheck attached. Effectively causing the seller to end up with less money at the settlement table. So I am convinced that discounted commission hurts the sellers bottom line. In fact some agents offer selling bonuses to buyers agents, however, I have not seen any evidence this is helpful to the Seller.
Q: How much can I expect to save on the purchase price if you represent me?
A: This will vary depending on a multitude of factors:
1. Is the home overpriced or priced to sell
2. Can the seller lower the price and still have their mortgage paid off?
3. Is it bank owned, a short sale or privately owned?
4. Are you willing to move onto another listing if the seller is unwilling or unable to meet your price?
5. Is the Realtor on the other side of the transaction a skilled negotiator or not?
Q: Are you a full time Realtor?
A: Yes, in fact I schedule many evening and weekend appointments as well.