Serving Arizona Buyers & Sellers Since 2009! Call Today!
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Logo of 501C Realty Team
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FAQ

When is the Best Time to Sell My Home?
There is no right or wrong answer to this question!  Depending on your next move it could be advantageous to wait to sell until after your next purchase.  Let us help you make the correct decision based on your specific situation.
What Steps Should I Take to Prepare My Home for Sale?
In this current market you may not have to fix all of the things you think should be fixed. Let one of our professional listing specialists walk through your home and determine what needs to be addressed to maximize the financial return on your home!
What Should I Disclose to Potential Buyers?
Everything!! Disclosures are what keep you from having liabilities after the sale of your home.
How Much is My Home Worth?

In the current market a well prepared home that is properly marketed will often sell for MORE than its fair market value!! Call us for a free Mrket Analysis of your home!

How Do You Determine How Much My Home is Worth?
We provide you with an in depth Market Analysis that includes comparisons with homes in your area that have recently sold and homes that are currently for sale in your area.
Should I Price My Home Higher to Leave Room for Negotiations?

ABSOLUTELY NOT!  Pricing a home too high limits exposure of your home and puts it in comparison with much nicer or larger homes that are properly priced.

What Happens if the Appraised Value Comes in Too Low On The Sale of My Home?
You are not required to go through with the sale of your home if it does not appraise at the sale price. Our team however are experts at negotiating additional funds from buyers in these situations.
How Does the Inspection Phase Work?
A typical inspection period is 10 days in which it is highly recommended that you have a professional home inspector review the house. This allows us to go back and request repairs on defective items if necessary. Or we can cancel the contract all together and get a full refund of your earnest deposit.
What are the Common Closing Expenses for Home Sellers?
Some common expenses are the Realtor commissions, title insurance, escrow fees and notary fees. Call for a free “Net Sheet” outlining all of your fees in a detailed manner!
What is The First Step in Buying a Home?
Typically setting a budget is the first step. By working together with a lender to get you prequalified and determining your interest rate, we can see what your purchase price will be based on the payment you want to make.
Should I Sell My Current Property Before Buying a New One?

Not necessarily!  By waiting to sell your current property till after closing you can save costs on moving and in this current market might see significant gains in your home value even in just one month.

Should I Do a Home Inspection?
We ALWAYS recommend that you get a home inspection!  Home inspections can often times reveal defects in the home that are not noticeable on a typical walk through inspection.  By having a home inspection report we can renegotiate the price, ask for repairs, or choose to cancel the transaction and find a better home.
Should I Do a Final Walk-Through?

It is always a good idea to do a final walk through and check the condition of the home and make sure all of the major mechanical items are still in working order.

How Does Earnest Money Work?

Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. This money is protected and refundable in a typical transaction during the Inspection period.  The earnest money is applied to the closing costs at the end of the transaction.

What Happens if I Decide to Back Out of Buying a House?

If you backout during the inspection period you will typically receive a refund of your earnest deposit and we will move on to the next home!  However if you back out after the inspection period you will likely lose your earnest deposit.