F.A.Qs Here is a collection of frequently asked questions that I have put together to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail. By clicking on any of the questions below, you may view the answer. Buyers What is a Multiple Listing Service (MLS)? What is a debt-to-income ratio? What is title insurance? What is the difference between being prequalified and preapproved for a loan? What is a REALTOR®? What is homeowners association (HOA)? Why should I use a real estate agent? Is an older home as good a value as a new home? What is an escrow officer? Can a home depreciate in value? What are closing costs? What does FSBO mean? What is a broker? What is a contingency? What is a "One-Time Show" listing? What's the Difference between a "Listing Agent" and "Selling Agent"? Sellers What are comparables or comps? What is a counteroffer? What does an appraisal mean? Why should I use a real estate agent? Is there a "best time" to put my house on the market? How should I price my home? What are disadvantages of pricing my home on the high end? Do I have to sell to the person with the highest offer? Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer? Who is responsible for making repairs, if any, as a result of home inspection reports conducted for the buyer? What is an "Exclusive Agency Listing"? What is an "Exclusive Right to Sell" listing?

	Judy Michaud Meadows Mountain Realty Ph: 866-526-3558  -  Fax: 828-526-1711 450 N. 4th Street Highlands, NC 28741 www.meadowsmtnrealty.com
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