Home Guest Book Contact
About Keller Williams
The Keller Williams Story
KW Cares

Important Information
Working With Real Estate Agents

Community Listings
Huntersville Communities
Cornelius Communities
Davidson Communities
Mooresville Communities
Concord Communities

Sellers
Seller Resources
Key Market Factors
Free Market Analysis
Free Seller Reports
2005 Cost vs Value Report

Buyers
Buyers Resources
Active Listings
Search MLS
Free Buyer Reports

Listings
Featured Properties

Taxes
Cabarrus County
Catawba County
Gaston County
Iredell County
Lincoln County
Mecklenburg County
Union County

Mortgage Info
Which Loan is right for you?
Mortgage Rates
Credit Report
Calculators
Pre-Qualify

Area Information
Community Links
School Information
North Carolina Colleges
Area Golf
Local Partners

Information about....
Appraisal
Credit Rating
Home Equity
Home Purchase
Insurance
Intrest Rates
Loan Programs
Refinance
Relocation
Typical Closing Procedures in NC
Types Of Agency Relationships

Resources
Link Partners
Weather
Newsletter
Charlotte Mommies
North Carolina Sex Offender Registry
National Sex Offender Registry

Frequently Asked Questions
Seller FAQ
Buyer FAQ
Home Inspection FAQ

Real Estate Network
Real Estate Directory
Link to me


FAQ

by the seller

What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.

What is a wood-destroying organism inspection report?
A wood-destroying organism inspection report is a written opinion by a qualified state licensed structural pest control inspector based upon what was visible and evident at the time of inspection. The inspection report does not in any way represent or guarantee the structure to be free from wood-destroying organisms or their damage, nor does it represent or guarantee that the total damage or infestation is limited to that disclosed in the report. Wood-destroying organisms include subterranean termites, dampwood termites, carpenter ants, wood boring beetles and wood decay fungus.

What are the hazards of lead-based paint?
All buyers and sellers are required by law to receive and read a pamphlet outlining the hazards of lead-based paint for homes built before 1978. Be sure to ask your real estate agent for a copy.

What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For sellers, they are usually about 9.5-10% of the total sales price of a property. Some of the closing costs you might encounter are: discount points, escrow fee, documentation fee, homeowners' association fees, pest/rot inspection, real estate commission and title insurance premium.

What is the difference between "pre-qualified" and "pre-approved"?
If a buyer is "pre-qualified" it has been determined, with a loan officer, what price the buyer can afford based on the down payment, debts and the amount the mortgage company will approve for the mortgage. Being "pre-qualified" is only a determination of probable credit. If "pre-approved", credit, employment and funds have been approved by the lender.

What should a home inspection include?
Every inspection should include, but not be limited to, an evaluation of the following:

1. Foundations
2. Roof
3. Heating and air conditioning systems
4. Ventilation
5. Common areas (for condominiums)
6. Septic tanks, wells or sewer lines*
7. Insulation
8. Plumbing and electrical systems
9. Ceiling, walls and floors
10. Doors
11. Hazardous materials concerns*

* There may be an additional fee for this.

What property details are usually included by Listing Services?
Usually, properties listed will include the following details:

  • Location
  • Photograph
  • Price
  • Utilities
  • Amenities
  • Annual property tax
  • Current financing (when assumable)
  • Listing company

What pages are generally included in the Purchase and Sales Agreement?

  • Agency Disclosure
  • Financing Addendum/Clause
  • Earnest Money Receipt
  • Inspection/Clause
  • Conditions/Disclosures Addendum
  • Contingency
  • Addendum Outlining Special Conditions
  • Lead-Base Paint Notification
  • Property Disclosure Form (completed by Sellers)

What is the difference between a REALTOR® & Real Estate Agent?
REALTOR® identifies real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Not every real estate agent is a REALTOR®. A REALTOR® may be an appraiser, property manager or involved in some other aspect of the real estate business.