POWER HOUSE REALTY
Buyer's Frequently Asked Questions
HAVING FINANCIAL TROUBLES?
Q. I am Experiencing Severe Financial Trouble. Do I qualify for No sales Commission?
A. Yes! We at Power House Realty want to help the community during these tough economic times. If you have experienced a job loss, income reduction, family hardship, etc. we want to help you! We will do this by not charging you a sales commission. In Addition, if you choose to purchase a home through Power House Realty, we will reimburse you 1/3 to 2/3 of buying commission that Power House Realty earns on the transaction. Contact the office for more information.
MILITARY PERSONNEL & VETERANS?
Q. I am Active Duty in the Armed Forces. Do I qualify for No sales commission?
A. Yes! We at Power House Realty want to help the members of the United States Armed forces whether you are Active Duty, retired, or veteran. You were brave enough to serve our country and defend our freedom, it is the least we can do for your sacrifice. We will do this by not charging you a sales commission. In Addition, if you choose to purchase a home through Power House Realty, we will reimburse you 1/3 to 2/3 of buying commission that Power House Realty earns on the transaction. Contact the office for more information.
FREE REAL ESTATE ADVICE
Q. What is the difference between a broker and real estate agent? I can really get free Real Estate Advice?
A. Yes you can! The difference between a real estate agent and a real estate broker is the fact that they hold different licenses. In order to obtain the different licensing, a real estate broker must actually complete additional coursework beyond what a real estate agent must complete. Since a broker has more education and experience, real estate agents actually work beneath the broker. Thus, advice from a Real Estate broker is much more valuable than from an agent. Power House Realty provides this for free to you! Contact office for more details.
OTHER COMISSION OPTIONS
Q: What happens if I don't qualify for NO commission fees?
A. Power House Realty is not a franchise, therefore we do not have to pay all the franchise costs and expenses, thus passing the savings onto you. We can create a customized commission plan that fits your needs at this time and still offer you the high level, quality, professional service you would expect from a successful, well known brokerage house which Power House Realty is.
Q. Do I have to purchase a Power House Realty listing?
A. No. Your Buyer Specialist will assist you in the purchase of your new home no matter who the listing broker. All Power House Realty clients have access to our sophisticated database of every property listed throughout Southeastern Pennsylvania. Clients can view color photos, descriptions, room dimensions and features of homes on the market at that precise moment.
Q. What are Buyer Advantages?
A. Every Power House Realty client receives free Buyer Advantages that can save thousands of dollars. Programs include having an attorney present at settlement to represent the buyer, refunding the mortgage application and paying part of the first mortgage payment up to $5000. YOur Buyer Specialist can explain all the details.
Q. Do I have to purchase a Power House Realty listing to receive the Buyer Advantages?
A. No.. Every client receives the Buyer Advantages no matter which property they choose.
Q. What area does Power House Realty service?
A. Power House Realty will represent you in any transaction in Chester, Delaware, Berks, Bucks, Lancaster, Montgomery and Philadelphia Counties. Additionally, the Power House Realty Relocation and Referral Network extens across the country providing dependable and professional service where ever you house to purchase.
Q. How can I evaluate area school districts?
A. Your Buyer Specialist will provide you with comprehensive information on all of the area school districts. you can compare test scores, graduation rates, student to teacher ratios and more to help you make the most informed choice for this important decision.
Q. Can I purchase new construction and still have Power House Realty represent me?
A. Yes! Power House Realty works closely with the area's finest builders. You can rely on Power House Realty's expertise to guide you through the maze of builders specifications and to make sure the contract is written fairly for you.
Q. How will Power House Realty represent me in a transaction?
A. While there are many types of representation, Power House Realty recommends most buyers seek the protection and advocacy offered through Buyer Agency. This is a relatively recent expansion of the Pennsylvania agency laws that allow an agent to work directly for the buyer, not for the interests of the seller. Your Buyer Specialist will explain how this relationship functions and how it can benefit you.
Q. How does a typical real estate transaction work in Pennsylvania?
A. Every transaction is different but there are some common themes and practices relocating buyers should be aware of. Typical transactions take 30 to 90 days to complete and can include many contingencies and inspections for your protection. Additionally, Pennsylvania law now requires most sellers to disclose any known defects of their property. Your Buyer Specialist will explain these laws and how they protect you.
Q. What are typical property taxes like in the area?
A. Property assessments and millage rates vary widely even within communities and it is therefore difficult to generalize. For example, a property in Chester County assessed at $200,000 could have a tax bill ranging from as little as $2,681 to as much as $5,187 depending on the municipality and the school district. Your Buyer Specialist will provide you with the previous year's taxes on every property you consider so you may compare on an equal basis.
Q. How can I be sure my purchase will go smoothly?
A. Because the purchase of a new home represents an important and emotional decision, every transaction has a few rough spots. However, you can count on your Buyer Specialist to be there at each step of the process. You will draw on the combined knowledge and experience of the area's finest brokers, appraisers, agents and specialists. You can be assured your transaction will be handled by skilled professionals and if problems do arise, you will have a complete understanding of all available options to help you make the most informed decision.
*Information deemed reliable but not guaranteed. Programs subject to change. Call office and see certificates for Buyer Advantages details.