Have a question about Real Estate? You can find the most common real estate questions asked here! With answers provided by Coldwell Banker Realty Corp. Coldwell Banker Realty Corp. Associates provides outstanding service with insight, innovation and integrity. We deliver national exposure with a personal touch. Combining leading edge systems with our depth of experience enables us to be "First in Service" to exceed your expectations. Visit our website at www.cbrealtycorp.com

1. Answers to Your Real Estate
Questions!
Coldwell Banker Realty Corp
600 East Main Street
Lansdale, PA 19446
215-855-5600
www.cbrealtycorp.com

2. How do you find a good agent?
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COMPANY DBA
HERE
•Recommendations from family and friends is the most
common way buyers and sellers partner with a realtor.
Although there are many other methods to connect you with
the right realtor. Do your research! Look online at agent
profiles, reviews, and testimonials. Interviewing a few
different realtors can be a great option. The agent with the
highest listing price isn’t always the best. Look for an agent
who is organized, knowledgeable of both the industry and
community, and most importantly LISTENS to your wants and
needs. Communication is the key success, your realtor is
going to be representing you therefore chemistry is extremely
important. To start your search, visit our agent profiles!

3. If I have bad credit, can I still buy a
home?
•Yes! Although it can make it a little more difficult. If you plan on
buying a home in the near future try to plan ahead and get your
finances in order. Try to start paying off your credit cards in full
and in a timely manner. Start saving a little bit each month, it
will eventually add up! Depending on your situation, you could
be a good candidate for a federal mortgage program as well.
Some programs even feature low to no down payment options!
We also recommend getting pre-qualified and pre-approved.
Pre-qualified is an estimate of what you can afford where as pre-
approved is when a confirmed lender gives you commitment to
support your purchase. This can help narrow down your search
and realistically determine what you can afford. For more
information check out our FHA loans video.

4. What’s the difference between list price,
sales price, and appraised value?
•List Price: The initial advertised price the seller puts the
property on the market for. This is typically and estimate of
what the seller wants/hopes for. This price can change
subject to the seller.
•Sales Price: The amount the buyer offers to pay for the
property, the sales price tends to be negotiated by the buyer
and seller. The sales price is the final price that is accepted.
•Appraised value: The opinion of a certified inspector on
the value of a property based on an analysis of comparable
properties sold and the condition of the property.

5. How do I get my home ready for
sale?
•Clean and organize! Clean and dust windows, floors, walls
and ceilings, fresh up rooms and most importantly de-clutter!
Keeping your rooms organized and without clutter, will let
buyers imagine how they can make your property their own.
Try to eliminate over-powering odors. Fresh flowers are
always a nice touch to spruce up the inside of your home.
Not only is it important to have an interior appeal but the
exterior is just as important. Keep your lawn cut and
watered regularly. Consider adding potted plants next to
your front door and maybe even a fresh coat of paint on the
door. Remember first impressions mean everything!

6. What are Closing Costs?
•There is an assortment of expenses incurred with the
conclusion of the home transaction, these expenses are
called closing costs. They are fees for services, taxes,
and interest charges associated with the purchase of a
property. These charges can include loan points, title
insurance, escrow, document fees, transfer taxes,
commission, and more. All closing costs must be
finalized before settlement.

7. What is title insurance and why do I
need it?
•Title insurance is an insurance policy that protects lenders
or owners entitlement to the “real property” from
unforeseen or fraudulent claims of ownership. Hidden title
problems can typically result from omissions in deeds,
errors in examining records, forgery or falsification, or
undisclosed beneficiaries. The title insurance company will
defend claims and cover costs if there is an attack to your
title. Title insurance leaves you with peace in mind that
your property investments are protected.

8. What are the pros and cons of For Sale
by Owner (FSBO)?
•For sale by owners are properties with sellers who opt out of
using a real estate brokerage. Most FSBO sellers choose to
take this route to eliminate the payment of commissions or if
they already know a private buyer. What these sellers are
not aware of are its limited marketing opportunities. Real
estate brokerages use their local MLS (multiple listing
service) to promote the property to thousands or other real
estate agents and in addition, the MLS syndicate the listing to
hundreds of real estate listing sites for consumers. FSBO
listings are limited to a much narrower customer reach with
fewer websites allowing these types of listing.

9. FSBO Cont’d
Another major impact FSBO sellers are typically troubled
with is overpricing. Agents use the MLS to generate a
comparative market analysis to come up with the right price
point for a home. Overpriced properties can go unsold for
months, so pricing right is crucial in the success of a home
sale. There are an array of more reasons why you should
list your home with an realtor but marketing and pricing
initiatives are among the most influential. Contact us for a
free home evaluation and marketing program!

10. Don’t see your question here?
Contact us!
Coldwell Banker Realty Corp
at 215-855-5600
or info@cbrealtycorp.com
www.cbrealtycorp.com