Frequently Asked Questions in Real Estate Today
Moving Fort Wayne · Episode 10
Frequently Asked Questions in Real Estate Today
Brad Noll goes solo to answer ten of the questions Fort Wayne buyers and sellers are asking most right now. He explains buyer's and seller's markets, home inspections, earnest money, closing costs, and how to tell if a home is well priced, then covers listing marketing, commission, sale price to list price ratio, and canceling a listing.
▶ Listen to the episodeKey Takeaways
- Inventory decides who has the edge. Six months of supply or more is a buyer's market, and under four is a seller's market. At recording, Brad says Fort Wayne had about 2.4 months, a softening seller's market.
- Every buyer should get a home inspection. Brad recommends ordering it once the offer is accepted. What you do with the findings depends on your goals, your finances, and the competition.
- Strong earnest money signals a serious offer. Earnest money is typically about 1% of the price, held by the listing brokerage and credited back at closing. The more you put down, the harder it is to walk away.
- Price per square foot is only a start. Brad compares it to judging a car by the pound. A real market analysis looks at the neighborhood, the zip code, and Allen County trends.
- Pricing comes before marketing. The team starts every listing with a strategic pricing model, then an elevated marketing approach aimed at the buyers most likely to want the home.
- Ask about sale price to list price ratio. Brad says the local MLS average over the past 12 months was 96.44%, while the Noll Team's was 99.4%.
Chapters
- 00:00Welcome and ten common questions
- 02:09What is a buyer's market?
- 04:29Should I get a home inspection?
- 06:54How earnest money works
- 07:55What closing costs include
- 08:43Is this home well priced?
- 11:21How will you market my home?
- 13:19How commission works today
- 14:36Homes sold and sale to list price ratio
- 16:32Can I cancel the listing agreement?
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10 Real Estate Questions Fort Wayne Buyers and Sellers Are Asking
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