Frequently Asked Questions
You’ve Got Questions. I’ve Got Answers
Where do I start?
Buyers: Start saving for your downpayment and get in touch with a mortgage lender to start your pre-approval process. Need lender recommendations? Just let me know and I'll send you my favorites to work with!
Sellers: Contact your agent (me!) when you know you're ready to sell, even if it's a ways out. I can help you prep your home for sale and determine the correct pricing.
Do I have to have my pre-approval to start looking at homes in person?
YES! This is your way of showing me (and sellers) that you are serious and qualified to start looking at homes. Especially in the time of covid having a pre-approval is required.
What fees should I expect?
Buyers: On top of your down payment you will also need to be prepared to pay for the home inspection out of pocket. Additional closing costs can be estimated with your lender. These fees are usually about 3% of the sales price and include the lender fees, appraisal, title & escrow fees, taxes & insurance, country recording fees, etc. *Sometimes* you can negotiate with the seller to pay some of your closing costs.
Sellers: As a seller, you are paying for BOTH agent's commissions. The current rate for the commission is 5-6% split between the buyer's agent and the listing agent. Additional closing costs can be estimated with your escrow officer. These fees are usually about 1% of the sales price and include title and escrow fees, recording fees, etc. *Sometimes* a buyer may negotiate for seller to pay some of buyer's closing costs.
Still Have Questions?
Ask away! I'm here to answer!
Kailey Taylor is dedicated to celebrating differences and diversity, and providing assistance to buyers and sellers of all kinds. She endorses and supports individuals, businesses, and communities that are actively working towards creating a more inclusive and diverse world. Additionally, she condemns all forms of discrimination such as racism, xenophobia, homophobia, sexism, transphobia, Islamophobia, anti-Semitism, ageism, classism, ableism, and hate speech or actions that seek to silence, threaten, and marginalize others. Kailey believes that every human deserves a pleasant real estate experience and is available to provide the support you need.