Top 5 Frequently Asked Real Estate Questions – Answered by Robyn Hervey
Buying or selling a home can feel overwhelming, especially with so many moving parts and financial decisions to make. To help clients feel more confident and informed, real estate professional Robyn Hervey shares answers to five of the most common questions she receives from buyers and sellers in East Texas.
1. How long has the property been on the market?
Robyn: The amount of time a property has been listed can reveal a lot about market interest and negotiating potential. I provide clients with the exact number of days on the market and explain what that means for their offer strategy. Sometimes a longer listing period opens the door for more flexibility on price, while a newer listing may require quick, competitive action.
2. Are there any known issues with the property?
Robyn: Transparency is key. I share all available seller disclosures and inspection reports up front. Still, I always recommend that buyers schedule their own professional home inspection to uncover any hidden issues before moving forward. It’s the best way to protect your investment and make informed decisions.
3. Should I buy now or wait for interest rates to go down?
Robyn: Timing the market perfectly is nearly impossible. While a drop in rates might lower your monthly payment, waiting could also mean higher home prices or increased competition. I work with each client to review their financial goals and local market trends to help determine the best time to buy for their situation—not just what’s happening nationally.
4. How much will I need for a down payment?
Robyn: Down payments typically range from 3% to 20% of the purchase price, depending on the type of loan. I help my clients explore available loan programs, including first-time buyer assistance, USDA, VA, and FHA options, to find the best fit for their budget and goals.
5. How much will my closing costs or net sale be?
Robyn: For buyers, closing costs usually range from 2% to 5% of the purchase price. For sellers, your net proceeds depend on the sale price, commissions, and any remaining mortgage balance. I prepare detailed net sheets for each transaction, so my clients know exactly what to expect at the closing table—no surprises.
Final Thoughts from Robyn
Whether you’re buying your first home, upgrading, or selling a property, having a trusted agent to guide you through the process makes all the difference. I believe in clear communication, honest advice, and personalized strategies that help my clients reach their real estate goals with confidence.
Have more questions? I’d love to help. Reach out anytime to talk about your real estate goals in East Texas! 903-280-5303