Jumbo Loan in California

Questions to ask a realtor - Before you hire a CA realtor to either help you sell your home or help you find a new one there are some questions you will want to ask to make sure the fit is right. You will first want to ask the realtor is they work in and have knowledge of the area that you are selling or buying in. A realtor who understand the area you are interested in will make the process more enjoyable.

You will want to find out from the realtor if there are any other fees that you will need to pay besides the standard commission. The standard commission is 6% total, 3% goes to the listing agent and 3% goes to the buyers agent. You may be able to negotiate this fee with your agent, while these are the customary fees, there are many new companies that charge a flat rate or smaller fees, so some real estate agents will negotiate with you.

If you're buying, ask about tax rates and trends in various area towns. They can vary considerably and will affect your total cost of ownership. Also, ask the realtor whether they work primarily with buyers or with listing. If you're a buyer, a buyer-only realtor may be a good bet.

If you have children, feel free to ask the realtor about the local school system, daycare, etc. You shouldn't hesitate to ask your realtor about the basics either. Things such as where the grocery store is or the nearest dry cleaners, are all questions that your realtor can answer or find the answers for you.

Also, ask your realtor if there are any administration fees associated with the transaction. These are paid to the realty company at closing.

Ask your realtor about Home Owners Associations and covenants for the neighborhoods you are considering. Ask if the neighborhood is part of any special taxing district.

When working with a Realtor one of the questions you should ask them is how long has he/she been a Realtor. An experienced Realtor who has been doing it for a long time has been there and done that, while a new Realtor will obviously be less experienced and may not be familiar with everything still. I would definitely be more apt to second guess something a new Realtor was doing versus an experienced veteran Realtor. This is not to say a new Realtor can not do his/her job as well or better than the veteran, but I would make a mental note of their experience in my head. An example where the seasoning of a Realtor may come into play: If you have a "unique" property that you are trying to sell, the veteran might have more experience or knowledge about selling this type of property than the newbie Realtor.

One of the most important questions to ask your real estate agent is which neighborhoods appreciate higher than others. You don't want to buy a property in a neighborhood that has seen little to no appreciation.

How will a realtor help me with a home purchase - When you are ready to buy a home there are many steps you need to take, the first taken by most people is to find a good realtor. The realtor will do many tasks for you to make the home buying process run smooth and fast!

If you are buying a home you will not pay any fees directly to the real estate agent, they earn their commissions from the seller's side of the transaction. As a buyer there is really no reason not to work with a real estate agent, and have them represent your interests through out the process.

A Realtor has access to most of the same data used by appraisers. Real Estate Agents can use these records to research sales trends and market values. A good Realtor can help insure that you don't over pay for your home or possibly reccomend a home being offered under market value.

A realtor will be able to assist you with a home purchase by being able to utilize MLS records of almost all homes that are being sold in the area(s) you are looking for. You can tell your realtor exactly what you are looking for, number of bedrooms, bathrooms, basement or not, square footage, etc... and they can easily pull this information up for you very quickly. A realtor will also set up appointments for you to go see the homes that you are most interested in which will save you lots of time and effort.

As a buyer, you may wish to engage the services of a Buyers Agent. The buyers agent works for you, the buyer. Traditional realtors work for the seller and must always work to the benefit of the seller rather than to yours.

The realtor will be the one to show you each house. They will try to show you a wide range of houses, within your price range in any given neighborhood. You should tell your realtor, exactly what you are looking for in a home, as well as a general area that you would like to live.