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Common Real Estate Questions

Here are answers to many of the most common real estate questions people have on a day to day basis. If there are any missing, please reach out I'd love to answer them for you! 

Questions and Answers for Home Sellers

Q. How long will it take for my home to sell?

It depends on price, condition, and season — but a well-prepared, accurately priced home here typically draws serious interest within the first couple of weeks. The most motivated buyers watch for new listings, which is why those early days carry the most weight. I'll set a realistic, data-backed timeline up front and keep you posted on activity throughout. Once an offer is accepted, expect a 30–45 day closing.

Q. How do you determine the right asking price?

I build a full Comparative Market Analysis from recent comparable sales, the homes you're competing against, and live buyer demand — never guesswork. Then we set a strategy together, weighing your goals, timeline, and how aggressively to position. You'll see the data behind every recommendation, and the final number is always your call.

Q. Should I make repairs or updates before listing?

Some yes, some no — and knowing the difference is where I'll save you money. We'll walk the home together and flag the handful of improvements that return more than they cost, plus the ones to skip. With an investor's eye, the goal is the highest net in your pocket, not spending for appearances.

Q. What if my home doesn't sell?

Usually homes that don't sell aren't listening to the market's feedback. We reassess together, early and honestly — I track showing feedback and market response continuously. If something isn't landing (price, presentation, or marketing), I'll bring you the feedback and a clear recommendation to adjust. You'll never wonder where things stand.

Q. Do I need professional staging and photos?

Professional photography is built into my service — most buyers begin online, where photos make the first, and often only, impression. Staging is a separate, optional step. I'm glad to walk through and offer staging guidance using what you already own, at no cost. For full professional staging (furniture and decor), I'll refer reputable companies — typically $1,700–$3,500 depending on home size. Staged homes statistically sell faster, but the choice is yours, and I'll give my honest recommendation either way.

Q. What does it cost to sell besides your commission?

Beyond commission, plan for a few standard items: title and closing fees, prorated property taxes, any agreed-upon repairs, and sometimes a buyer concession. I'll prepare a clear net-proceeds estimate before we list, so you know roughly what you'll walk away with — and you're never surprised at the table. A rough estimate to use is 7.5-8.5% of the sale price of your home.

Q. How will you actually market my home for sale?

Every listing gets a core foundation: professional photography, full syndication to the MLS, Zillow, Realtor.com, Redfin and partner sites, agent-network outreach, open houses (if desired), and designer print collateral. From there I add the strategy-based tools that fit — video and drone, social campaigns, or online ads. Not every home needs all of it, so we decide the right mix together, aiming for maximum exposure in the critical first weeks.

Q. How and how often will we hear from you as our agent?

As often as you'd like — call, text, or email. I'm genuinely available, return messages quickly, and proactively update you after showings and at every milestone rather than leaving you to wonder. Persistent, honest communication is a big reason my deals stay on track.

Q. Do I need to leave for showings and open houses?

For private showings, yes — plan to be away. Buyers relax and picture themselves at home when the seller isn't present, leading to more honest feedback and stronger offers. We'll coordinate around your schedule with advance notice. Same for open houses: it's best you're not there, and I'll handle everything — signage, sign-in, and follow-up with every visitor.

Q. What happens once we accept an offer?

Accepting the offer kicks off the next phase, which we'll manage start to finish. I'll coordinate inspection, appraisal, title work, and paperwork with the buyer's agent, track every deadline, and head off issues before they become problems. Most closings run 30–45 days, and I'll keep you informed at each step through to handing over the keys.

Q. Do I need to pay your commission?

Contractually, yes buyers are responsible for paying their agent's commission. But, typically, no — we always structure our offers to have the seller's pay the buyer's agent commission. I'll always be upfront about how I'm compensated before we write an offer.

Q. Do I need an inspection?

I strongly recommend it. A qualified inspector catches things a walkthrough won't, and gives you real leverage — and protection, if needed — before you're locked in. I will do my best to help you see everything we can during our showing so you have a good sense of overall condition, age of roof and utilities, defects, etc. But, an inspection is a much more thorough check on all of these items and is always recommended. 

Q. What if I'm not sure what I want to buy yet?

This is completely normal. Touring a few homes together is often how buyers figure out what actually matters to them — I'll help sharpen your criteria as we go. Once I start hearing your feedback when we see homes, I will help to narrow down exactly what you're looking for and help you to see the potential in the future homes we see and how they might work for you.

Q. How much house can I actually afford?

Your first step in your home buying journey is getting Pre-Approved with a lender. Your lender will walk through your financial picture and help determine what you can qualify for. But often what you are approved for, is not how much you'd want to spend. I'll help you think it through beyond the pre-approval letter — monthly payment, reserves, and what still leaves room to breathe.

Q. Should I buy now or wait?

There's rarely a perfect moment. I'll walk you through current rates and inventory so you can decide with real information, not a guess about timing the market. Although history tells us it rarely pays to wait. Timing the market is a losing battle, so we will focus on finding you what you want, at a price you can afford, versus trying to find "a deal". 

Q. What is earnest money and how much will I need?

Earnest money is a good-faith deposit — typically 1–2% of the purchase price — that shows the seller you're serious. It's held in escrow and credited back to you at closing, applied toward your down payment or costs. There are instances, based on how the purchase agreement is written, that this could be forfeited if a buyer fails to perform on the contract, but we will walk through that while putting the offer together. 

Q. Can I back out of a purchase agreement?

It depends on your contingencies. With inspection, financing, and appraisal contingencies in place, you have clear, protected ways to walk away if something isn't right — which is exactly why we build them in.

Q. Can I bring friends and family with to see houses?

Absolutely — a second opinion from someone you trust is always welcome. Just know that in the end, it's your decision, and I'm here to make sure it's the right one for you. Any decision makers in your life should be present to streamline the process and help support you along the way. 

Q. Can I buy a house before I sell my current house?

Yes, and there are a few ways to structure it — a sale contingency, a bridge loan, or timing the closings close together. We'll map out the option that fits your finances and timeline.

Q. What happens if the appraisal comes in low?

A low appraisal is more common than you'd think, and it doesn't mean the deal is dead. We can renegotiate the price, you can cover the gap in cash, or in some cases challenge the appraisal — I'll walk you through the best option for your situation. Basing your offer on market data will help to minimize the risk of this happening. 

Questions and Answers for Home Buyers

Q. Do I need to pay your commission?

Contractually, yes buyers are responsible for paying their agent's commission. But, typically, no — we always structure our offers to have the seller's pay the buyer's agent commission. I'll always be upfront about how I'm compensated before we write an offer.

Q. Do I need an inspection?

I strongly recommend it. A qualified inspector catches things a walkthrough won't, and gives you real leverage — and protection, if needed — before you're locked in. I will do my best to help you see everything we can during our showing so you have a good sense of overall condition, age of roof and utilities, defects, etc. But, an inspection is a much more thorough check on all of these items and is always recommended. 

Q. What if I'm not sure what I want to buy yet?

This is completely normal. Touring a few homes together is often how buyers figure out what actually matters to them — I'll help sharpen your criteria as we go. Once I start hearing your feedback when we see homes, I will help to narrow down exactly what you're looking for and help you to see the potential in the future homes we see and how they might work for you.

Q. How much house can I actually afford?

Your first step in your home buying journey is getting Pre-Approved with a lender. Your lender will walk through your financial picture and help determine what you can qualify for. But often what you are approved for, is not how much you'd want to spend. I'll help you think it through beyond the pre-approval letter — monthly payment, reserves, and what still leaves room to breathe.

Q. Should I buy now or wait?

There's rarely a perfect moment. I'll walk you through current rates and inventory so you can decide with real information, not a guess about timing the market. Although history tells us it rarely pays to wait. Timing the market is a losing battle, so we will focus on finding you what you want, at a price you can afford, versus trying to find "a deal". 

Q. What is earnest money and how much will I need?

Earnest money is a good-faith deposit — typically 1–2% of the purchase price — that shows the seller you're serious. It's held in escrow and credited back to you at closing, applied toward your down payment or costs. There are instances, based on how the purchase agreement is written, that this could be forfeited if a buyer fails to perform on the contract, but we will walk through that while putting the offer together. 

Q. Can I back out of a purchase agreement?

It depends on your contingencies. With inspection, financing, and appraisal contingencies in place, you have clear, protected ways to walk away if something isn't right — which is exactly why we build them in.

Q. Can I bring friends and family with to see houses?

Absolutely — a second opinion from someone you trust is always welcome. Just know that in the end, it's your decision, and I'm here to make sure it's the right one for you. Any decision makers in your life should be present to streamline the process and help support you along the way. 

Q. Can I buy a house before I sell my current house?

Yes, and there are a few ways to structure it — a sale contingency, a bridge loan, or timing the closings close together. We'll map out the option that fits your finances and timeline.

Q. What happens if the appraisal comes in low?

A low appraisal is more common than you'd think, and it doesn't mean the deal is dead. We can renegotiate the price, you can cover the gap in cash, or in some cases challenge the appraisal — I'll walk you through the best option for your situation. Basing your offer on market data will help to minimize the risk of this happening. 

Questions and Answers for Real Estate Investors

Q. What types of investment properties do you help clients buy?

I work with single-family rentals, small multifamily properties like duplex, triplex, and fourplex, and house hacks. My focus is the Twin Cities market. Whether you're buying your first rental or adding to an existing portfolio, I tailor the search to your budget and strategy.

Q. Do I need to be an experienced investor to work with you?

Not at all. I work with clients ranging from first-time investors to owners of established portfolios. Before becoming an agent, I've spent over six years investing in real estate personally, and that hands-on experience shapes how I evaluate properties, run numbers, and flag risks for clients no matter where they are in their journey. I'll meet you where you're at and help you from there. 

Q. How do you find investment properties, especially off-market ones?

I source deals through direct relationships with agents, sellers, and my professional network, in addition to standard MLS access. Off-market opportunities are often the most valuable to investors because they come with less competition. When I bring you an off-market deal, the value is in the certainty, speed, and simplicity of the transaction, not a discounted price. But you don't need to find something off-market, there are often deals to be made on the market as well that get overlooked.

Q. What should I look for in a rental property in this market?

The right property depends on your goals, but I generally look at projected cash flow, neighborhood rent trends, property condition and expected repair costs, and your exit strategy down the road. I walk through each of these with clients before making an offer, so you understand exactly what you're buying and why it fits your plan.

Q. Can you help me run the numbers on a potential deal?

Yes, this is one of the most important parts of what I do. I will help teach you how to analyze deals, including cash flow projections, comparable rent data for the area, and sell-vs-hold comparisons so you can see how a property performs under different scenarios. My goal is for you to have clear numbers in hand before you commit, not after you've already closed. I will call out first hand if I don't think a property is a good investment for you.

Q. What's the difference between buying as an individual vs. an LLC?

The right structure depends on your liability protection goals, tax situation, and how you plan to finance the purchase. Buying through an LLC can offer liability protection but may affect your financing options and closing costs. I walk clients through these trade-offs and bring in a CPA or real estate attorney when the details call for their expertise.

Q. How much do I need for a down payment on an investment property?

Investment property loans typically require a larger down payment than a primary residence, usually 20 to 25 percent depending on the lender and loan type. I work with lenders who specialize in investor financing and can help you understand what you'll need for your specific situation before you start shopping as well as connect you with those lenders that can help you with your financing.

Q. What's your process for working with investor clients?

We start by getting clear on your investment goals, budget, and criteria as well as what type of investing you'd like to do from flipping, buy and hold, rentals, commercial, etc. From there, I'll show you properties and we run the numbers together on anything that looks promising. Once you're ready to move forward, I handle negotiation, coordinate with lenders and title, and guide you through to closing and can help set you up for managing or outsourcing, whatever next steps make sense for you.

Q. Do you help with property management or just the purchase?

My focus is on acquisition and disposition, helping you find and buy the right property or sell one at the right time. I'm not a property manager myself, but I maintain relationships with trusted property managers across the Twin Cities and Wisconsin and I'm happy to make an introduction once you close. I self-manage my own properties, so if that's something you're interested in I can help get you set up to do the same as well.

Q. Can you help me sell an investment property, not just buy one?

Yes. I help investors on both sides of the transaction, whether you're acquiring a new property or deciding it's time to sell one you already own. I also can help provide sell-vs-hold analysis to help you compare the financial outcome of selling now versus continuing to hold, so the decision is based on numbers rather than guesswork.

Questions and Answers about New Construction/Building a Home

Q. How do I choose the right home builder?

Look at the builder's reputation through reviews, past projects, and how well you connect with their team. I work directly with multiple custom home builders I know and trust, and I'm happy to walk you through their completed homes and current developments before you commit. Many times, the neighborhood you're looking at will dictate who you use as the builder, but I'll help you understand your options there as well.

Q. Should I buy land first or find a builder first?

It depends on whether you want a specific lot or a specific builder relationship. In many cases, the builder already controls the available lots in a development, so starting with the builder and their current inventory is often the more practical path. Larger national builders will typically only build on their own lots, while many more local builders will build wherever you'd like.

Q. How long does it take to build a new home?

Timelines vary based on the size of the home, the builder's schedule, and how many custom selections are involved, but most builds run somewhere between six months and a year. I can give you a more specific estimate based on the builder and floor plan you're considering.

Q. What's included in the base price of a new construction home?

The base price typically covers the structure and standard finishes, not upgrades like premium appliances, higher-end countertops, or landscaping. I go through the builder's included features list with you upfront so you know exactly what you're paying for before you fall in love with a model home. When working directly with a builder on a custom build, you'll be able to select all of these up front to meet your desired design and style as well.

Q. How much should I budget for upgrades?

This varies widely depending on your selections, but it's common for buyers to spend more than they initially expect once they see the design center options. I encourage clients to set a firm upgrade budget early and prioritize the changes that matter most to them.

Q. Can I customize the floor plan or finishes??

Most builders offer a range of options, from minor finish selections to more significant layout changes, depending on how far along the build is and the builder's flexibility. I'll walk you through what's customizable on any specific lot before you get attached to a plan. You can do a full custom build and start from scratch if you'd like, or start from a model and make changes from there depending on the builder you choose to work with.

Q. Do I need a different type of loan to build a new home?

If you're buying a home that's already under construction or nearing completion, a standard mortgage usually works. If you're building from the ground up, you may need a construction loan that converts to a permanent mortgage once the home is finished. I can connect you with lenders who specialize in either scenario.

Q. How much down payment do I need for new construction?

This depends on the loan type and builder requirements, but new construction often requires a deposit at signing in addition to your standard down payment. I'll make sure you understand the full payment schedule before you commit to a contract. There are many loan options to help make your build become a reality.

Q. Does a new home come with a warranty??

New construction comes with a 1-2-10 warranty. One year on craftsmanship defects, 2 years on major systems such as your furnace, AC, etc., and 10 years on any major structural defects. 

Q. What's the process for buying a home that's still being built?

You'll typically sign a purchase agreement, make selections during the build process, and close once construction is complete and the home passes final inspection. It will operate very similar to buying an existing home, you are just committing early in the process and may have some say in the final finishes and design. I stay involved from the first lot visit through closing so you always know what stage you're in and what's next.

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651-587-7197

Real Broker, LLC

Real Broker, LLC

 

© Nash Property Co.

 

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