Question 1

What does exp stand for in eXp Realty?

Accepted Answer

Simply, eXp was chosen as the name by eXp World Holdings Founder and CEO Glenn Sanford and other leaders who started the company in 2009 because it is the prefix for many words that represent values that eXp Realty stands for. 
 
For example, words like “excellence,” “exceptional,” “expectations,” “exposure,” “experts,” “exploration,” “expeditiously” and “experienced” are all positive words that support eXp Realty’s core values of integrity, community, service, sustainability, collaboration, innovation, being agile and lastly, fun! 
https://www.youtube.com/watch?v=MiyST6aOlwE

Question 2

When is the best time of year to sell a house?

Accepted Answer

You can sell your home at any time of the year, although some seasons are better than others. In most areas, the spring and fall months are the hottest homebuying seasons of the year, while sales slow down in the summer as families are busy with sports and vacations. Winter is the other season sales can be slow due to the holidays.

Question 3

What are local market conditions?

Accepted Answer

Your real estate agent will provide you with a comprehensive market analysis that will show you what the local market trends are and how they will impact the sale of your home.

Question 4

How long will it take to sell my house?

Accepted Answer

How long it takes depends on two primary factors, the time of year and supply / demand. Other factors that can determine your Days on Market (DOM) may be condition of your home and how desirable the neighborhood may be.
 
Another factor is pricing your home right to start with. Your agent can provide you information that will help you determine a pricing and sales strategy.

Question 5

How much is my house worth?

Accepted Answer

Your agent will provide you with a CMA (Comparative Market Analysis) for homes in your area that will demonstrate to you an approximation of your homes value.

Question 6

How much does it cost to sell my house?

Accepted Answer

Most of the costs come out of escrow at the closing of the sale, not out of pocket. Agents and brokerages typically have an industry standard that is charged as a commission. Remember, you get what you pay for and great agents earn their commissions.

Question 7

Should I make repairs before listing the house?

Accepted Answer

Determining what repairs are needed to get the price you expect is another topic your agent can help advise you on. The more "move-in" ready your home is, the more likely it will draw potential buyers.

Question 8

Where does the home inspector come in?

Accepted Answer

Once an offer has been accepted, the clock starts running. The home inspection is part of that process and your agent will work with the buyer's agent to schedule the home inspections.

Question 9

What if the appraisal comes in too low?

Accepted Answer

If the offer you accept is an all cash offer it won't affect the sale unless the buyer's ask for a reduced price. Then your agent works for you to negitiate the deal with the buyer's agent. If the buyer's are financing the home, the financial institution can not loan more than what the home is worth and your agent will be able to advise you.

Question 10

When do I get my money?

Accepted Answer

At closing. The title company will distribute all funds.

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