Frequently Asked Questions (for Sellers)
Q: How long will it take for our home to sell?
A: If marketed and priced correctly we estimate between 5 to 10 days in today’s market based on our track record and best knowledge.
Q: Should we have an appraisal done first?
A: No. It’s not necessary. You’re hiring Team Gough to pull the exact same information as an appraiser would to verify the ideal price except we might know a bit more about the market and comps (competition).
Q: Should we have a home inspection completed first?
A: Yes. This allows you to have more control for when a potential buyer finds out any issues or potential repair/upgrade items for your home. This way you have the advantage of knowing first!
Q: If I’m in a short sale situation should I continue making my mortgage payments?
A: This required further discussion if you’re in a short sale situation. Contact me here or read more about this here.
Q: Are you willing to reduce your commission?
A: No. This commission is just as important to us as selling your home is to you. We’re out there fighting hard to sell your home and this is a driving force behind our efforts. Similarly, would you ask a Chef, Doctor, or Mechanic the same question?
FAQ for Buyers
Q: Should I get qualified first?
A: Yes! It’s vital to know your financial and lending situation before embarking on the process of purchasing a home.
Q: Am I a ‘zero down’ candidate?
A: There are certain qualifications and certain areas they have to be purchased in such as rural areas and typically the interest rates are a little higher to counterbalance. Contact me for more specific details on this.
Q: If I have poor credit but a large down payment can I still purchase or finance a home?
A: The short answer is yes. There are several ways to work around this situation and it’s typically on a case by case basis. We would likely search for a portfolio lender that will overlook this with a certain amount/percentage of equity up front.
Q: How long following a bankruptcy (or BK) do I need until being eligible to finance a home?
A: 2 years. You want to begin your search to this mark so you’re ahead of the game. Once your ‘dissolution of bankruptcy’ goes through you’re in the clear.