Shayla Twit

It's about income but also debt to income ratio if you're financing. Credit score too. How much down payment you're planning to make. Etc. FIRST place is with a local mortgage broker. Banks are VERY limited. Seek out a broker who is able to broker among many banks for you and your best interest! Remember too, asking sellers for credits (VERSUS off of the total price) will also help in buying rates down and lower your monthly payment far more than $10k off of the price. Ask your lender and your agent about how this will work for your benefit! Hope that helps!

How do you market? How long have you been selling? Do you sell full time? How is the market in my area/neighborhood? How do you compile a price recommendation? What is your success rate (price/sf, days on market, % of sales versus listing price)? Do you often procure buyers for your own listings (percentage approximation)? How are you different than other agents? Why should I hire you? DO NOT JUST GO WITH AN AGENT WHO PROVIDES YOU WITH THE HIGHEST PRICE. And lastly, "if you think it's expensive to hire a pro, try working with an amateur." A GREAT agent is worth their value 10 fold. And that will equate to more in YOUR bottom line pocket!! Remember long days on market eat into your profit as a seller too which is why asking "days on market" for that agent matter too.

The lender estimate will be far more accurate. Plus it depends on what is usual and customary in your market. In my Sarasota area FL market, we suggest that 5% of the price is a strong escrow deposit. Your escrow will come off of what is owed at closing (NOT in addition to). With a lender your closing costs are a lot more due to underwriting, appraisal, and other lender fees. Plus lenders usually require a full year and a half homeowners' insurance due at closing as well. Usually it runs about 3-4% of the purchase price for your closing costs. And again you can deduct whatever is already in escrow off of this total owed. Plus whatever down payment (would be in addition to both escrow and closing costs). Hope that helps.

Read your fully executed listing agreement. All of that will be in there. She may not have given any discounts for "transitioning" or being a transaction broker on your deal. In Florida we are all transaction brokers and are entitled to facilitate both sides of any transaction. Sometimes there may be a small discount if an agent agrees in advance to offer that to a seller. If it is not already agreed upon though, the agent would not have any obligation to provide a discount as such. Do you not prefer that your hired agent find buyers, show them and try to sell your home? That comes at a cost, time, efforts, market expertise and ability to facilitate these transactions. The agent who procures a buyer should be paid as such - "If you think it's expensive to hire a pro, try hiring an amateur."

It's not that simple. Does she have a Will? What about a Trust? Without a Trust, you may still need to go through Probate. I am not an attorney so I would recommend seeking one out on this one.