Questions & Answers for Homebuyers

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What homes are available that are the best investment for my money?

What type of home are you looking for?  Where are you looking at buying your home?

  • How old is the home?  Do you prefer to live in a newer home (less than 10 years old) , or are you comfortable with living in an older home?
  • When was the last time the home was remodeled?
  • What are the school districts like?  Are they above or below average scores?
  • Are there churches or schools near the home?
  • When was the last time the house I’m interested in was appraised?  Can we have it appriased before I move in?
  • A realtor who knows how to get the best deal for the buyer, especially when working with sellers who would like to sell their home as quickly as possible. 
  • The best agents do their homework before meeting with you and will advise you about the top key features they would use as major selling points.  And remember, what may seem a negative can always be turned into a positive with the right buyer.  It’s just a matter of who is looking for the type of home you are offering.  This is especially true in what we call “Buyer’s Markets,” where more homes are being bought than there are homes for sale.  
  • Home sales are at an all time high right now, and that means it may be diffucult to find a homds

Question #2: Based on my income, what home can I afford to buy? Can I afford to build a new home?

Hannon Properties uses a variety of real estate strategies that include everything from online listing services, following up with leads interested in your type of home, magazine advertisments, and social media marketing.  Often, we will work with a buyer who is looking for a home, similiar to the one you are selling and who is able to work within a set budget. 

Hannon Properties goes through a pre-application screening process that verifies the buyer has enough income to pay for their monthly mortgage, along with verifying the buyer has a good credit history.  We also follow up with recommendations, and verify the buyer’s employment.  Because Hannon Properties is in the business of selling homes, we consider this a vital part of the pre-screening process.  Hannon Properties will work with people who are able to afford different housings, however, if a buyer is looking at a 500k house, however their credit score suggests they may only be able to afford a mortgage of a 400k house, we will recommend to the buyer a home better suited for their current income level and lifestyle. 

We may ask questions like, “Is the buyer’s debt-to-income ratio reasonable?”  If the buyer isn’t within Hannon Properties maximum ratio, we will not be able to provide financing. 

Questions to ask a realtor before buying a home

  1. How did you arrive at your suggested list price?  Why did you suggest the current listing price?  
  2. Will you also represent the buyer?  Are you able to represent the buyer?
  3. How will you market my home? How does Hannon Properties market my home?
  4. How will you vet the buyer? Does Hannon Properties pre-screen buyers?Hannon Properties goes through a pre-application screening process that verifies the buyer has enough income to pay for their monthly mortgage, along with verifying the buyer has a good credit history.  We also follow up with recommendations, and verify the buyer’s employment.  Because Hannon Properties is in the business of selling homes, we consider this a vital part of the pre-screening process.  Hannon Properties will work with people who are able to afford different housings, however, if a buyer is looking at a 500k house, however their credit score suggests they may only be able to afford a mortgage of a 400k house, we will recommend to the buyer a home better suited for their current income level and lifestyle. We may ask questions like, “Is the buyer’s debt-to-income ratio reasonable?”  If the buyer isn’t within Hannon Properties maximum ratio, we will not be able to provide financing. 
  5. What do I need to do to get my home ready? Should I invest in home improvement before selling my home?  WIll it be worth it?
  6. What are the costs? How much should I invest in my home before it goes on the market?
  7. How many homes have you sold? How many homes has Hannon Properties sold in the last 10 years?
  8. Have you sold homes in my area? How many homes has Hannon Properties sold in the state of Georgia?  How many homes has Hannon Properties sold in the state of Florida? 
  9. Am I able to cancel the listing agreement, or is the listing agreement a legally binding agreement until the house is sold?
  10. How much commission does Hannon Properties earn off the sale of my home?
  11. How long will my home be listed on the market before it is sold?
  12. Out of every 10 houses Hannon Properties list, how many DONT sell?
  13. Will we communicate on a daily, weekly, or monthly basis?  

The most important meeting you can have with the agent selling your home is the first meeting.  
During this meeting:

You will be introduced to the realtor who will be working on selling your home. 
You will discuss the importance of selling your home quickly, or selling your home for top dollar. 
During this time, you will have the opportunity to ask the realtor serious questions about your home, and how your home sale will be handled.  If you feel like an agent isn’t best suited to work with you (for any reason), we have other real estate agents who will be more than happy to see if they’re a good fit for you and your home sale.  
Selling homes can be an emotional experience, especially when it comes to a home that you have lived in for several years.  We want to make sure you are comfortable with the agent representing you, and will take every necessary step to ensure you’re comfortable and have a level of trust and understanding with the realtor working with you.  

During the first meeting, you will ultimately decide if this is an agent that you can work with and develop a professional relationship with, knowing they are looking out for your best interest.  

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