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Q&A

HOW MUCH IS MY PROPERTY WORTH?

How do I determine a fair market value of my property, especially in the absence of comparable listings / properties in my area / neighborhood?

At, Skyline Realty, our team of experienced professionals has access to a vast network of market data, on both local and national levels. Based on our knowledge of current trends and market research, we provide our clients with the most accurate estimates of property value. Our usual approach also includes compilation of comprehensive and exhaustive information about property valuation, pool of prospective buyers and affordable home improvement techniques that allow you to enhance property appeal and maximize its market value. We also use a similar technique appraisers use in researching the comparables of properties sold, pending and active to get both an idea of market value in a distinguished area while using a conservative approach, and also to consult you on whether or not you are making a rational investment on your property.

PREQUALIFICATION VS PREAPPROVAL?

What is the distinction between prequalification and preapproval for a loan?

Being prequalified signifies that you could potentially receive a loan provided that information you presented to the lender is accurate and correct. This does not guarantee that you will, in fact, receive a loan. Being preapproved usually indicates that an extensive background check pertinent to your credit history, tax returns, employment has been conducted and you were deemed eligible for a loan.

SHOULD I HIRE A REAL ESTATE AGENT?

What are the benefits of using services of a real estate agent?

Whether you are selling your property or contemplating purchasing, at Skyline Realty we offer you 3 things:
1) Relief. We save you time and effort by doing research or listing your property, in timely and cost efficient manner, assistance with preparation of necessary documentation, estimating tax implications, evaluating you credit score and borrowing power, etc.
2) Negotiating the best terms. Negotiation process is multi-faceted and involves many variables. It is generally recommended to leave this integral part of property transactions to a qualified professional.
3) Subsequent services. At Skyline Realty, it is customary for our associates to continue working with our clients following the completion of a transaction to assure that all their expectations have been met and / or to address any remaining questions / concerns.

HOW MUCH WILL I RECIEVE WHEN I SELL MY HOUSE?

How to estimate my net proceeds from the sale of my property?

While there may be many factors involved into the process of sale, we are able and determined to furnish fairly accurate figures, projected expenditures and net proceeds from the sale. As a general rule, to arrive at net amount of monetary gain from sale, a mortgage payoff, which may include home equity loans, settlement fees, commissions and taxes must be deducted from the sale price of the property.