QUESTIONS and  ANSWERS THAT HOME BUYERS COMMONLY ASK PERTAINING THE HOME BUYING:

1 ) How do I "get qualified" to buy a house? Call one or more lender.  Ask for their home mortgage department.  Shop around for the best rates.  The lender will need information pertaining to your income, salary, and debts.  Ask for the lender for a conditional or spot approval for a mortgage.  Call Myles Realty 1-601-706-9593 for assistance.

2 ) Should I sell my house before I buy another one ? Yes.  But do not sell it until you have found another one. Use the following warning approach: * List your house for sale; and then start house hunting. * If you find a house to buy, make sure your contract states that the sale is continguent up on you selling your house within a specified time. * If you find the house you want to buy, write an offer and state that you will buy only if your house sells.

3 ) How much time should I allow to buy a home ? At least three months:  one month to find one, and two months or more to obtain financing and to close transaction.

4 ) How can I learn about a neighborhood I am interested in? Talk to an agent that specializes in the area.  Also talk to people who live there.  Find out what they like.  Learn about the community acitivities.

5 ) Should I hire an agent ? Absolutely, YES (An agent is cheaper than a law sue or a lawyer !!)  Call 1-601-706-9593 or Email at wjmyles@gmail.com for details.

6 ) What is a buyer's agent ? This is a real estate agent hired to represent you, and only you alone.  The rationale is to give you (the buyer) and seller equal representation.

7 ) How do I locate a good agent ? Locate a good agent by talking to friends and relatives.  Getting referrals from satisified customers and others in the field. Learning of agent accidentally, while out house shopping.

8) What is MLS -  MLS stands for Multiple Listing Services.  There are many Association of Realtors throughout California.  Members (agents and brokers) pools their listings inventory together so that all members have access to each other listings.  When you list your property with a broker; that broker KEY marketing tool is to place your listing on the MLS. Other brokers like Myles Realty 2001 can show your property to potential buyers via computer. Be very suspicious of any agent/broker who does not want to put your listing on the MLS. 

9)  Is there a set commission percentage/fee a broker should charge me? NO. It prohibited by California law.  The commission is set solely between the Sellers and the broker.  Although,  6% is common in California.  10) How much deposit is needed with an offer? The larger the deposit the better.  Show the sellers that you are serious about purchasing their property. I recommend at least $2000 for $100,000 property; $3000 for $150,000; $5000 for $200,000; etc.  Please remember you could lose your deposit if you decide to pull out of escrow and caused damage to the Sellers.