real estate faqs
Can you offer an opinion of value without a commitment?
A no obligation valuation is always just a click away.
What are tax stamps?
Deeds of Excise or Transfer Tax is a mandated fee determined by applying the statewide rate of $4.56 per $1000.00 in value.
Is a pre-approval letter better than a pre-qualified letter?
Pre-approved status is vastly stronger having run the numbers and taken a
deeper and more meaningful dive into what a lender may be inclined to
endorse while pre-qualified status is predicated on implied variables devoid
of hard credit pulls and a review of financial documents.
What is an agency disclosure?
This is not a binding contract rather a mandatory disclosure illustrating the various forms of relationship between consumer and agency. Your signature simply acknowledges having been presented with the information.
What is a home inspection disclosure?
This is a relatively new document that acknowledges a buyer’s right to initiate a home inspection at his or her expense. It also serves as the only document required to validate and in turn grant the ability to upload a listing to MLS.
What is the wastewater disclosure?
As the Cape is on the march converting from private to municipal sewer, this disclosure acknowledges whether or not the subject property is in a nitrogen sensitive area. This information informs the perspective buyer that he or she can expect the eventuality that is the cost and installation associated with tying into municipal sewer when available or in cases where sewer may not be available, the potential to convert to and IA system.
Is my home or a potential home in a nitrogen sensitive area?
Check it out on the lookup tool.
What is an IA system?
An innovative alternative system is typically employed in areas where proximity to sensitive waterways or lot size is not conducive to a traditional Title V system. These systems are traditionally more expensive on not only in terms of installation but also ongoing maintenance. For a deeper dive, take a look at ia systems in general.
What is the deposit in escrow?
In a traditional real estate transaction, an initial deposit, earnest money, is a comparatively nominal amount that accompanies an initial offer while the subsequent deposit, delivered upon execution of a purchase and sale agreement, may be substantially larger and is the point in the process where the transaction is solidified.
Do I need a lead paint disclosure?
For homes built before 1978, a fully executed lead paint doc is required for all applicable transactions.
Is my home in a flood zone?
Use the flood zone lookup tool.
Can you help me with an insurance binder?
Nauset Management employs a vast network of time and talent tested third party support to include a front line insurance broker.
Why is the listing agent responsible for scheduling the appraiser?
They have the key. The financial institution will appoint an appraiser who will then contact the listing broker or agent directly in regard to access.
Are you insured?
In a real estate capacity, Nauset Management maintains a bond in order to secure its brokerage business license in addition to an errors and omissions policy. While geared toward complimentary services, Nauset Management also maintains a dishonesty bond and well as general and professional liability policies.