Jai Magner Koch
Coldwell Banker Realty 305.984.6966

FAQ's about Real Estate

Q: Who pays the commission?

A: In Florida, the Seller typically pays the full commission for both the listing agent and the selling agent.

 

Q: What transaction/closing costs are associated with a real estate transaction?

A: There are several costs that are paid by either the buyer or seller. click here to get a free estimate of your closing costs

 

Q: How long does it take to close on a sale?

A: In most cases a typical transaction will take 30-45 days from the effective date of a contract to close. 

 

Q: As a Buyer, should I get pre-approved for a loan?

A: Yes, it is important to understand how much home you qualify to purchase. Many factors are involved in determining the amount of money you will be able to borrow. Additionally, many sellers will require a pre-approval before considering your offer, and in some cases prior to showing a property.

Click here for a free mortgage calculator or to obtain a pre-approval

 

Q: Should I work with a licensed real estate professional?

A: Absolutely! A home purchase is likely to be the biggest investment and largest purchase of your life. The Florida As Is Residential Contract is 13 pages long. You need an expert that understands your obligations as either a buyer or a seller. There are contractual timelines that need to be adhered to or you could be in default. Working with a professional that can guide you in all matters regarding the purchase or sale of real estate is important. Coordinating the proper inspections, insurance, financing, working with attorneys, title companies, marketing, scheduling showings, professional photography, and anything else that in needed to ensure a successful outcome.