What is an escalation clause?

When you know a home you really want is likely to have multiple offers, you can add an escalation clause to your offer. This means you will automatically “beat” any other offer by a certain amount, up to a certain maximum price. For example, you make an offer at $240,000 with an escalation clause that […]

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What is a backup offer?

If you find a home you love and it is already under contract, you can enter a backup offer. If the seller accepts your offer as a backup and the first sale fails, the seller automatically proceeds with you and your offer. Sales fall through all the time, so backup offers are actually a great […]

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How much will my closing costs be?

This depends entirely on the type of loan you are using, and your lender is the expert to ask on this topic. In general, if a buyer is paying all of their own closing costs, they can expect between 2% and 3% of purchase price in closing costs.

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What is earnest money?

Earnest money is deposited into an escrow account upon mutual acceptance of an offer. Keeping the earnest money is the seller’s only remedy if the buyer fails to close the deal without legal cause. The buyer can get the earnest money back if the deal fails due to unsatisfactory inspection results, low appraisal result, financing […]

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Can we go back through our property again once an offer is made, but before the purchase completes?

Usually we can notify the seller and schedule a convenient time to visit the property again. Immediately before the closing, we will schedule a final walk-through of your new home.

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Can you help me find new construction homes?

Yes, we can work with most builders and get you the information you need to make a decision. On your first visit with the builder, we will accompany you. In addition to our normal services, we will act as a mediator between you and the builder to make sure you get the home and finishes […]

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Will you inform me of homes from all real estate companies or only those sold through Keller Williams Realty?

We will keep you informed of all homes listed in the local Multiple Listing Service. We want to help you find the right home, which means we need to stay aware of every home that’s available in the market.

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How does For Sale By Owner (FSBO) work?

Homeowners trying to sell their home without agent representation are usually doing so in the hopes of saving the commission. If you see a FSBO you like, let us contact the owner for you and make an appointment. Most times the homeowner will work with us even though their home is not listed, since we […]

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Who pays the Agent’s commission?

Typically the buyers do not have to pay any agent commissions.  The seller is normally responsible for paying the commission for both agents.

Chris Mullenberg