Shear Realty

Frequently Asked Questions

Buying and selling a home can be a daunting proposition without the right knowledge. Whether you've spent years saving and preparing to buy a home, or your selling your house, the questions surrounding the process can seem endless. Below are some answers for common questions. If you have any other questions, please contact us.

What is the first step in buying and selling a home?

The first step is to let us help you find your dream home and fine-tune your financial expectations. Working with us is worth consideration since we will be legally responsible for representing the your interest in a real estate transaction. We can guide you through every step to buying a home.

Do different mortgage rate and terms really make a difference?

Yes! A difference of even half a percentage point can mean a huge savings over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8 percent vs. 7.5 percent is about $35 per month. Over 30 years, that's $12,600. Use our mortgage calculator to see exactly how rates and terms will affect your loan.

How do I know how much I can afford to spend for a home?

By working with a lender and get prequalified, which determines how much you can afford. It allows you to move swiftly when you find the right home, especially when there are other interested buyers. It also indicates to the seller that you are serious and really can afford to buy the property.

How do I find the right home for me?

Create a realistic idea of the property you'd like to buy. What features are most important to you? Make two lists: one of the items you can't live without and one of the features you would enjoy. Refine the lists as you house hunt. Search Shear Realty's listings to see what is currently available. Next, you'll be ready to visit houses. We will arrange showings, and keep track of the properties you've seen.

How do I set my selling price on my current home?

By working with us, we can determine the appropriate resale value for your current home. This is a process with a number of considerations. In some areas, a swimming pool actually detracts from a home's value and makes it harder to sell. In neighborhoods with two-car, attached garages, a single-car or detached garage may impact the home sale and future value. We can point out features that hurt or help resale value.
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