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Frequently Asked Questions
Tips for Selling
Tips for Buying
What is the homeowner’s exemption?
The homeowner’s exemption is a tax break for a person’s primary residence. The county reduces the assessed value of the home by 50% or up to $100,000 so the taxes on the home are less. The amount is subject to change each year.
What is escrow?
Escrow is a third party that manages money or items of value during the transfer of real estate until all conditions are met between the buyer and seller. This third party holds the money/item of value in a non-interest-bearing account and manages a lot of essential paperwork during the transaction.
What is title insurance?
Title insurance guarantees that the property in the transaction is fully eligible to be transferred to a new owner and is not affected by any legal or financial hindrances created by previous owners.
How long does it take to buy a home?
This depends on many factors that range from the buyer’s personal timeline to macro economic factors. However, once an offer is accepted it will usually take 30 – 45 days to close, depending on the type of financing the buyer is using.
How long does it take to build a new home?
Usually about 100 – 180 days, depending on the home and location.
Resources for Selling
Click here to request the most current market update and to access resources that will help you prepare for selling a property.
Resources for Buying
Click here to request the most current market update or for resources that will help you assess a property for purchase, whether it be your primary residence or a rental.
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