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Frequently Asked Questions
for Buyers

The first step to buying a home is getting preapproved for financing. Financing preapproval will help guide your home search for homes within your price range. Reatlyless makes it easy to compare mortgages so you can find the best financing option tailored to you.

Financing preapproval is backed by verification and documentation. A lender has agreed to work with you and will provide an accurate mortgage estimate based on your income, assets, and debt documentation. Financing prequalification is a quick estimate that provides a general price range based on self-reported information. Read more about the difference between preapproval and prequalificiaton.

Real estate agents help you through the buying process but generally charge around 3% of the sale price for their services. For example, a buyer’s agent may charge around $15,000 in commission on a $500,000 home. If you utilize the services of a licensed real estate attorney to draft your contract and help with negotiations, you could save the commission cost of a buyer’s agent.

Realtyless walks you through the buying process from start to finish. Your team of local professionals will help you at every step so you can feel confident that everything is completed accurately and in support of your best interests.

Real estate agents charge a commission or percentage of the sale price of the home. Generally, the seller’s and buyer’s agents charge a combined total of 6% commission. The commission price is generally factored into the listing price of the home.

By skipping the buyer’s agent commission, you can save thousands of dollars when buying your new home. Try multiplying 3% times the home prices you are looking at to find out how much you can save.

You can tour a home listed on any platform by contacting the listing agent directly. The name and phone number of the listing agent is available on traditional listing services.

An appraisal will provide an accurate estimate of the current value of the home. An independent licensed appraiser will complete a market analysis to compare the home with recently sold homes in the area. By comparing the selling price to the appraisal price, you can decide if the property is a good deal. All homes posted on Realtyless have an independent appraisal included in the Home Facts.

A licensed local real estate lawyer will draft your contract, provide legal advice, and help with negotiations.

A licensed local real estate lawyer will help with negotiations and provide legal advice.

All homes for sale on Realtyless have Home Facts available to preapproved buyers. The Home Facts include a professional independent appraisal, inspection, and repair estimate. You’ll have the market value of the home, inspection report, and estimated cost of repairs at your fingertips while searching for home on Realtyless.

Seller-hosted showings allow you to learn about the home from those who know it best. The seller can provide insight into what it’s like to live in the home and be a part of the local community better than anyone else.

A buyer’s agent contract is a legal agreement between a buyer and an agent. The buyer agrees to pay the agent around 3% of the sale price on any home they purchase.

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