Are you looking for a Keller Williams agent near me in Glendale? The Ferrara Team for Keller Williams in the Glendale area can help you with the buying and selling of your home today. Let us take the stress out of buying and selling.
The agents at Keller Williams can help you through the process of:
If you are looking to move into the area or the surrounding areas there are a team of agents familiar with the housing market and will help with making the process as stress-free as possible.
Glendale is a neighborhood in Queens, NY with over 32,000 residents. The Ferrara real estate team happily serves this area and nearby areas as well.
Buying and selling your home can be a process full of unknowns. Here are some answers to some questions that you may have about the process.
Selling your current home before purchasing a new home depends on what you are looking to do, if you are looking to use the funds you would receive from a home selling towards a new home purchase then selling first would be ideal. If you are looking to have a secondary home as an investment then there is no need to sell your current home.
When it comes to payment for a real estate agent there are little to no fees as a buyer. You may be wondering why; Normally there are 2 agents involved in the buying of a home. One agent represents the seller and the other the buyer.
When a home is listed for sale by the agent representing the seller a fee is charged to the seller for having the agent represent them and list the property for sale on multiple listing services. Agents that are helping potential buyers can search and find these listings. When a home is purchased the buyer's real estate agent gets paid half the fee from the listing broker. So you, the buyer, pays nothing to the broker helping you.
Down payments can vary depending on the type of loan that you have applied and been approved for. If you are a first-time home buyer who has applied for an FHA (Federal Housing Administration) loan you can expect a down payment of 3.5%. Traditional home loans can have a down payment percentage of 3 to 5 percent.
If you obtain a VA (Veterans Affairs) loan or USDA (U.S. Department of Agriculture) loan then the down payment is usually zero percent. These loans are only for military personnel or veterans as well as low-middle income buyers in eligible rural areas. These loans are also more restrictive in the purchasing of a particular home.
When it comes to real estate you will hear the terms buyers market and seller's market from time to time. These terms can be confusing to some clients. A buyers market is when home demand on the market is low so the prices of homes decline. A seller's market is when there is a high demand for homes which makes the prices of homes rise.
If you are ready to buy or sell your home, the Ferrara Team at Keller Williams is ready to answer all your questions and help with the process of buying and selling. Get in touch with us today.