Sonic Realty

Essential Queries: Top 20 Questions to Ask a REALTOR When Buying or Selling a House

Engaging the services of a REALTOR® is a crucial step in the process of buying or selling a house. To ensure a smooth and successful transaction, asking the right questions and gathering relevant information from your real estate agent is essential. Here are the top 20 questions to consider:

  1. How long have you been a REALTOR®?
  2. What is your experience in this specific neighborhood or market?
  3. Can you provide references or testimonials from past clients?
  4. What is your approach to pricing homes for sale?
  5. How will you market my property to attract potential buyers?
  6. What is your strategy for negotiating offers?
  7. Are you familiar with local zoning regulations and property laws?
  8. Will you handle all aspects of the transaction or work with a team?
  9. How often will you communicate with me, and in what format?
  10. What is your commission structure, and what are any additional fees?
  11. Do you have experience working with first-time homebuyers or sellers?
  12. Can you provide insights into current market trends and conditions?
  13. Will you assist with scheduling inspections and other necessary appointments?
  14. How do you handle multiple offers on a property?
  15. Are there any potential challenges or issues you foresee in this transaction?
  16. What is your process for resolving disputes or conflicts during the transaction?
  17. Do you have experience with relocation services or out-of-state buyers?
  18. Will you guide me in preparing my home for sale or staging?
  19. How do you handle closing and post-closing matters?
  20. Can you explain the timeline and steps involved in the buying/selling process?

Asking these questions will help you gauge the REALTOR®’s experience, expertise, and approach to real estate transactions. Feeling confident and comfortable with your chosen agent is essential, as they will play a significant role in guiding you through the complexities of buying or selling a house. Gathering pertinent information upfront allows you to make informed decisions and sets the stage for a successful real estate transaction.

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DJ Peterson

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Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement ServiceCharge or Range of Charges
Sonic Realty LLC1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement ServiceCharge or Range of Charges
Appraisal Fee$0-$800
Credit Report Fee$63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.