FAQs From Our Clients

1What is the state of the real estate market in my area?
This can depend on supply and demand as well as other issues on a local and national level which can affect our real estate market. Contact us for more details regarding the current real estate market.
2How much is my home worth in the current market?
Contact P3 & Associates to get a free market analysis of your home.
3What steps should I take to prepare my home for sale?
Declutter & Depersonalization; Clean & Stage your home; Make necessary repairs like leaky faucets; Enhance curb appeal with power washing, painting, pruning trees, etc. Contact us for more great ideas to help you get top dollar for your home.
4What are the commission rates for selling a home?
Commission rates for selling homes can vary depending on a variety of factors, including the location of the property, the real estate market, and the services provided by the real estate agent or broker. Commission rates are negotiable and can be higher or lower depending on the specific agreement between the seller and the agent. They are typically calculated on a percentage of the home's sale price, which is typically split between the listing agent and the buyer's agent. Contact us to find out we can help you sell your home and a list of services we provide to our clients.
5What are the most effective marketing strategies for selling a home?
P3 uses a combination of marketing strategies, to increase the probability of selling your home quickly and for the best price possible. Some of these strategies are advertising on the Multi-list system which is syndicated to numerous third-party websites, print materials, professional photos, and open houses to name a few.
1How long does it typically take to sell a home in my area?
The time it takes to sell a home can vary depending on several factors, including the location of the property, the real estate market conditions, the condition of the home, and the listing price. Contact us for more details and to get a free market analysis on your home.
2What are the most important factors to consider when buying a home?
When buying a home, there are several factors that are important to consider. Here are some of the most important factors to keep in mind: Location, Size and layout, Condition, Price, Resale value, and Financing. By considering these factors and working with the qualified Realtors of P3 & Associates, you can find a home that meets your needs and fits within your budget.
3How can I find the right property that meets my needs and budget?
a) Finding the right property that meets your needs and budget can be a challenging task, but there are several steps P3 & Associates takes to help simplify the process: Define your needs and wants: Make a list of the features and amenities that are important to you in a home, such as the number of bedrooms and bathrooms, location, yard size, and type of home. Prioritize your list so you know which features are essential and which are negotiable. Determine your budget: Determine how much you can afford to spend on a home. Consider factors such as your income, expenses, and debt, as well as your down payment, closing costs, and other fees. Working with a P3 & Associates real estate agent will help you find properties that meet your needs and budget. We can provide you with listings that fit your criteria and help you navigate the buying process.
4What is the process for making an offer on a home?

Making an offer on a home can seem like a daunting process, but it can be broken down into a few simple steps:

  1. Get pre-approved for a mortgage: Before you make an offer on a home, it's important to get pre-approved for a mortgage. This will give you a clear idea of how much you can afford to spend and help you determine your budget for the home.

  2. Work with a P3 & Associates real estate agent who can help you make an offer on the home. We will provide you with guidance on how much to offer based on comparable sales in the area and market conditions.

  3. Write a purchase offer: Once you find a home you're interested in, your agent will help you write a purchase offer. This is a legal document that outlines the terms of your offer, including the purchase price, closing date, and any contingencies.

  4. Submit your offer: Your agent will submit your offer to the seller's agent, who will present it to the seller. The seller can accept, reject, or counter your offer.

  5. Negotiate the terms: If the seller counters your offer, you may need to negotiate the terms until both parties agree on the terms of the sale.

  6. Get a home inspection: Once your offer is accepted, you will need to get a home inspection to make sure the home is in good condition. If any issues are found during the inspection, you may need to renegotiate the terms of the sale.

  7. Close the sale: If everything goes smoothly, you will sign the closing documents and pay the closing costs to finalize the sale.

By following these steps and working with a qualified P3 & Associates real estate agent, you can make an offer on a home and navigate the home buying process with confidence.

5What are the closing costs associated with buying or selling a home?

There are various closing costs associated with buying or selling a home, and they can vary depending on the location and the specifics of the transaction. Here are some common closing costs to consider:

  1. Buying a Home:

    1. Down Payment: This is the initial payment made by the buyer, typically expressed as a percentage of the purchase price.

    2. Loan Origination Fees: This is a fee that the lender charges to process the loan.

    3. Appraisal Fee: This is a fee paid by the buyer to have the property appraised to ensure it is worth the purchase price.

    4. Home Inspection Fee: This is a fee paid by the buyer to have the property inspected to ensure it is in good condition.

    5. Title Insurance: This is an insurance policy that protects the buyer and the lender in case there are any defects or issues with the title.

    6. Escrow Fees: This is a fee paid to the escrow company for managing the transaction.

    7. Property Taxes: The buyer may be responsible for paying a prorated portion of the property taxes at closing.

  1. Selling a Home:

    1. Real Estate Agent Commission: This is the fee paid to the seller's agent and the buyer's agent for their services in the transaction.

    2. Title Insurance: This is an insurance policy that protects the buyer and the lender in case there are any defects or issues with the title.

    3. Escrow Fees: This is a fee paid to the escrow company for managing the transaction.

    4. Transfer Taxes: This is a tax that is assessed on the sale of the property.

    5. Home Warranty: This is an optional service that the seller may offer to the buyer to provide additional protection for the home.

    6. Payoff of Existing Mortgage: If the seller has an existing mortgage on the property, they will need to pay off the balance at closing.

It's important to work with a real estate agent and mortgage lender to understand the specific closing costs associated with your transaction and to budget accordingly. Contact us to get a list of great lenders.