Why should I list my property or buy property through of Higgins Lake, Houghton Lake Office?
Val says is a
nation-wide company that offers support, training, and a referral
network for its franchisees. Success breeds success -- of Higgins Lake was the highest
producing office in Roscommon County last year, which speaks
to the acceptance of the company and agents by the local community.
The office is modern and efficient, and will make your sale or
purchase a pleasant experience. More Buyers and Sellers typically
seek out a company with such credentials.
Why should I work with Val Wysack?
Val says My success as a Realtor is
due to diligence, sound planning, commitment to professional ethics,
and knowledge of the local real estate market. In addition, a strong
company team ethic at is there if required to help my deals go
through. Please click on my "Experience" tab to view my
Do I have to call for an appointment to see property, or can I
just come up to look?
Val says First time customers often
just drive up to the lake to "look" at property. However, without an
appointment, you may encounter a wait to connect with the "agent on
duty". Also, the property tour may not be as organized as it could
with a little notice and opportunity to plan a tour of properties
that meet your needs. If possible, please call me ahead of time and
make an appointment.
Why should I work with only one Realtor at a time?
Val says Working with only one
Realtor that you feel comfortable with is the proper thing to do.
This Realtor can create a portfolio of property you toured, along
with your selection criteria and personal information necessary to
make an effective purchase offer. The whole process of buying
property becomes more efficient and simplified. Since I can show any
property for sale regardless of who holds the listing, working with
me exclusively will streamline your search. Finally, Realtors are
compensated on a commission-only basis, and appreciate your
Can I get a free Comparative Market Analysis (CMA) for my home
that I am considering selling?
Val says Yes, I will be happy to
provide you with a free CMA. Simply call or E-mail for an
Why should I get pre-qualified for a mortgage loan when
considering the purchase of property?
Val says Getting pre-qualified to
purchase property expedites the purchase process when you find the
property that is right for you and are ready to make a purchase
offer. All else being equal, the Seller will choose a
Buyer that is pre-qualified when the Seller receives multiple offers
on the property, because they want the reassurance that the deal
How big of a down payment should I expect to make on a purchase
Val says down payments range from
nothing for a qualified VA loan, to 25% or more depending on
circumstances. Typically, down payments are 20% of the purchase
price. I would encourage all buyers to put a minimum of 20% down to
avoid PMI (Private Mortgage Insurance). Your lender will confirm
your downpayment requirement.
What can I do to my purchase offer to increase my chances that it
will be accepted?
Val says an acceptable offer
requires a satisfied Buyer and Seller. Make your offer reasonable
and respect the Seller as much as you would like to be respected if
the rolls were reversed. Simple as that!
When making an offer, can I demand a reply on the same day, or
within 24 hours?
Val says legally you can, but you
should NOT demand such a quick response time because your offer will
automatically be null and void if a response is not received in the
allotted time. For example, if the Seller cannot be reached during
the period, the offer becomes void. A "good faith" offer usually
requests a reponse time of from 3 to 7 days.
Yikes! My offer was accepted. Did I offer too much?
Val says Don’t worry, Buyers’
remorse may be setting in and that is part of human nature. Most
first time Buyers may feel that it went too easy or too fast
something must be wrong. Don’t let your emotions scramble your
logic. Remember, you already did your homework before the offer was
accepted. Relax, take a deep breath, and let logic prevail.
OK, I’m composed, what do I do now?
Val says A Buyer’s principle
responsibility is to take care of getting the money necessary to
close…in other words "show me da money". You will need to gather
statements for income, assets and debt required by your lender.
Other than that, I will take care of the rest.
How long does it take to close?
Val says Typically for mortgages
30 days -- Cash sales may close as quickly as 2 weeks.
Should I expect possession at closing?
Val says It depends on the Sellers
circumstances. Most Sellers need and request some time after closing
to move out.
Should I ask for a home inspection?
Val says Not a bad idea. You can
hire a professional or do it yourself. A professional will look for
things you may have missed. A home inspection is not meant for
"nit-picking" however, or for reiterating defects already disclosed
by the seller. A home inspection should provide peace of mind for
the Buyer as it should find major defects that may not have been
Do I need to retain a lawyer?
Val says Michigan Real Estate
Transactions do not require a lawyer to close, but you are always
offered an opportunity to retain a lawyer to look over paperwork and
your title insurance commitment.
What is a home warranty, and do I need one?
Val says A home warranty covers
expenses for most repairs in your home for one year after closing. A
home warranty may or may not be provided by the Seller, but the
Buyer can purchase one provided the house qualifies. Ask me to show
you ’s Home Warranty Program for more details.
Why should I deal with a "Realtor", and not just a sales
Val says Realtors are bound to
a code of ethics published by their local board of Realtors,
and Real Estate Agents are not. The Board or
Realtors regulates ethics and controls and monitors any
complaints about Realtors. You cannot be a
"Realtor" unless you belong to a Board. They have higher
standards of practice for real estate agents than the State
has. So the Board will hear grievances and place punishments or
fines on real estate agents who belong and we don't have to go
through the bulky bureaucracy of the State to keep our
profession in line. So it's like the AMA for doctors...doctors
monitoring themselves, but it has worked. If you depended
on the State to do anything, nothing would be done.
Plus the Board lobbies the government to push issues into
place that affect our careers. Also, Real Estate Boards
offering continueing education including presentations by
professionals and other speakers to keep us up to date with current
affairs regarding real estate.
There are real estate agents that are not Realtors. They
do not have to operate at a higher level of ethics than
the State requires. Realtors are forced to operate at a
much higher level than the State requires. Realtors may
sit on a Board of Ethics and make decisions regarding
ethics involved in the business.
People who think Realtors can operate illegally or
unethically, don't realize how easy it would be to
jeopardize their career doing so. Other people in other
professions are not monitored so closely. So Realtors have to walk a
very straight line to keep their license intact. If they
don't, they can lose their license very easily.
If you would like to browse more questions and answers, click on
my "Useful Links" tab, or please feel
free to call or drop me an E-Mail. Thanks!