A: Although these two terms are often used interchangeably, they do mean different things. Being pre-qualified means you’ve met the standards for qualification based on information provided on your application. Being pre-approved means you’ve met the standards for qualification based on proof. The

Q: I’m selling a home and the appraiser has said that significant repairs are needed. Am I required to make these repairs? A: Depending on how your purchase contract reads, you are typically NOT required to make repairs. In other cases you may be required to make repairs up to a certain dollar amoun

Q: I’m buying a home and my insurance agent found a prior claim for water damage that the seller didn’t disclose. What should I do? A: Sellers and their agents are required by law to disclose any facts about the house that materially affect it’s value. If you work within the timelines of your contr

Q: My agent wants me to sign something called a buyer broker agreement. What is this and why should I sign one? A: The buyer broker agreement is a contract that clearly outlines both the buyer’s and the agent’s expectations and helps to ensure that each party does what they say they will do. It is