Monday, February 06, 2012

Here is a collection of frequently asked questions that we have put together to help you in buying a home. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

From Buyers

  • What is an "Open Listing"?
  • What is a "One-Time Show" listing?
  • What's the Difference between a "Listing Agent" and "Selling Agent"?
  • What does FSBO mean?
  • What is a broker?
  • What is a contingency?
  • What is a Multiple Listing Service (MLS)?
  • What is a debt-to-income ratio?
  • What is title insurance?
  • What is the difference between being prequalified and preapproved for a loan?
  • What is a REALTORŪ?
  • What is homeowners association (HOA)?
  • Why should I use a real estate agent?
  • Is an older home as good a value as a new home?
  • What is an escrow officer?
  • Can a home depreciate in value?
  • What are closing costs?
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    Theresa Holmes & Bob Holmes
    John J. Lease Realtors
    Theresa Ph: 845-565-2800 x123  -  Bob Ph: 845-565-2800 x137  -  Fax: 845-565-3144
    2050 Route 9W
    Newburgh, NY 12550
    www.holmesrealestate.com

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