FAQ’s

Pre-Listing Process

Staging

Photos

Home Is Active

Contracts and Negotiations

Title Company

Inspections and Repairs

Appraisals


+ What is an appraisal?

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+ Can the seller hire their own appraiser?

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+ How long does the appraisal take and what is involved?

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+ What factors affect the appraised value?

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+ How can I prepare for the appraisal?

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+ Will/Can I get a copy of the appraisal report?

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+ How do FHA and VA appraisals differ from a conventional loan appraisal?

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+ What happens if the home doesn't appraise?

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Surveys


+ What is a survey?

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+ Who will pay for the survey?

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+ What if I already have an existing survey?

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Preparing For Closing


+ What does it mean if the buyer's file is in "underwriting"?

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+ What does "clear to close" mean?

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+ When will my closing be scheduled?

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+ Do I have to attend the closing? What can I do if I'm out of town?

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+ My spouse isn't on the title. Will they have to be at the closing?

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+ When do I need to move out of my house?

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+ What do I need to bring to the closing?

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+ What is the final walkthrough and when will it be scheduled?

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+ When will I receive the settlement statement to review?

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+ My net proceeds amount is not what I thought it would be, why?

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+ What happens if I've already paid my HOA dues for the year?

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+ How will property taxes be handled on the settlement statement?

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+ What happens if my property taxes are in escrow?

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+ When do I schedule the utilities to be turned off?

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+ When will I receive my money after closing?

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+ What happens if I need the money from the sale of my current home to purchase my next home?

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Leases


+ What criteria is used to determine an acceptable tenant?

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+ What criteria cannot be used to determine an acceptable tenant?

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+ How does prorated rent work?

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+ What happens with the 1st month's rent?

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+ What happens with the Security Deposit?

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+ What is the inventory and condition form?

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+ How does the pet deposit work?

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+ Who is responsible for lawn maintenance and care?

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+ Who pays for the pool maintenance and care?

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+ Who is responsible for pest control and other preventative home maintenance?

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+ How are mailbox keys handled?

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+ How is rent paid every month?

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+ What happens if a tenant is late on paying rent?

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+ As a landlord, what is required of me prior to my tenants moving in?

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+ Am I allowed to enter the property if it is occupied by tenants?

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+ Am I required to provide a refrigerator, washer, and dryer for the tenants?

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+ Should I require tenants to have renter's insurance?

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+ What does a property management company do?

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+ Does Lori Alvarez and Team manage the property after a tenant moves in?

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+ What will happen when a lease term is up?

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