Jim Crawford

A Sellers Market means that there are more Buyers in the market than there is inventory. This can lead to multiple offers on listings as well as higher offer prices.

Every market is different but pricing the home based on the current market conditions and comparables is the best way to get maximum exposure which in most cases leads to multiple offers which then of course leads to the highest price.

Realtor fees are negotiable, so it could be the seller, buyer or both.

You can search real estate appraiser on google to find someone in your area. Or you could talk to a local mortgage lender and ask for a recommendation.

There are different schools of thought on this topic. The best course of action is to speak to your accountant about the tax implications and you could also find a local real estate attorney to discuss your particular area of the country and what the benefits would be.

How long have you been in business? What do you do that's unique? How much customization can buyers do? Can you show me a home under construction so I can see what type of quality is standard in your homes? How long does it usually take for you to build a new home? Do you pay closing costs? What type of warranty do you provide?

I am not certain that all states are the same, but in PA, the commissions are negotiated and are specifically stated in the Listing Contract. There is no "standard", these are always negotiable.

There are alot of factors that can change the answer to this question. A realtor can run for you the Sellers Estimated Closing Costs. This document will show all of the potential fees and also show you your estimated net proceeds.

Typically the Seller pays the commissions, but all commissions are negotiable.

You should definitely talk with a realtor that knows your specific area. In a sellers market, you do not have to fix anything potentially. You will have to price the home accordingly in order to get it sold, but buyers currently are willing to look past imperfections because there is so little inventory on the market.

There are costs associated with buying now and with waiting...I would definitely recommend talking with a local agent that knows your market and can help you with an educated guess at the future. Here is an article that may help. https://bit.ly/3J5cPVu

If you have a preapproval and nothing in your finances or work history has changed, in most cases the lender is able to refresh your letter. Most listing agents want to see a letter with a date of 30 days or less.

Sometimes that is things like homeowners insurance, etc... The buyer will be getting quotes from companies for things that they will need at settlement and unfortunately those companies get a bit too eager and start to mail to the new address. I usually recommend letting your realtor know and he/she will communicate with the buyers agent to make sure there is no confusion.

As many as it takes until you find one that you really love.

Make certain that you do your due diligence before considering a flat fee representative. Remember the old adage that you get what you pay for.

All fees and commissions in PA are negotiable. The Sellers side typically pays commissions but there are broker fees that could be on the buyers side.

Every market can have its own nuances. I would definitely recommend talking to a local realtor as an expert in your marketplace. Here is a good article in general https://bit.ly/421cbAK