Frequently Asked Questions

Learn more about buying or selling a home today!

General Questions

Why should I choose Matthew Schlieman?

Mattew prides himself on his dedication to his craft and his clients' needs. Backed by the mentorship of the CEO of North Coast Realty, who has 20 years in the real estate experience, Matthew provides his own personalized touch to assist new and experienced home buyers/sellers. After becoming a real estate agent in 2022, Matthew has already accumulated an impressive list of clientele to vouch for his impeccable service.


Why should I use a realtor to help me buy/sell a home?

A realtor, such as Mattew Schlieman, possesses in-depth knowledge of the local housing market, which can help you find the right property at the best price. He will handle the complex paperwork and negotiations, ensuring a smoother transaction process. Additionally, Matthew has access to a vast network of listings, saving you time and effort in your property search. Overall, using a realtor can lead to a more efficient, informed, and successful home-buying experience.

Buying a Home

What is the first step I should take?

In the process of purchasing a home, the initial and crucial step usually involves obtaining pre-approval for a mortgage. By securing pre-approval, you gain valuable insights into the price range that aligns with what you can afford, enabling you to make informed decisions during your home search. This essential step sets the foundation for a smooth and successful home-buying journey, empowering you with the confidence to explore properties within your pre-approved budget.


How much money do I need for a down payment?

The amount of money you need as a down payment can vary depending on several factors, including the type of mortgage loan you qualify for, the purchase price of the property, and the lender's requirements. The average downpayment is currently between 3% and 5%. For special instances, such as a VA or USDA loan, you aren't required to put any money down.


How do you know if a property is a good deal?

Although the exact value of a home is difficult to determine, Matthew Schlieman is equipped with the expertise to evaluate properties. By analyzing recently sold houses in the vicinity that share similarities with your prospective purchase, Matthew will ensure you pay a fair price for the property.


How much should I pay for a home?

Although the exact value of a home is difficult to determine, Matthew Schlieman is equipped with the expertise to evaluate properties. By analyzing recently sold houses in the vicinity that share similarities with your prospective purchase, Matthew will ensure you pay a fair price for the property.


How long does it take to close on a home?

On average, the home closing process typically takes around 30 to 45 days from the time your offer is accepted by the seller. However, it can be shorter or longer depending on the following factors: mortgage pre-approval, property inspection/appraisal, loan processing, contingencies, title search, insurance, closing documents, and the seller's timeline. Matthew Schlieman is standing by to guide you through each step of your home-buying process.

Selling a Home

When is the right time to sell a home?

Deciding when to sell your home depends on a combination of personal, financial, and market factors. Ultimately, the decision to sell your home should align with your specific goals and circumstances. Working with a trusted real estate agent can provide you with valuable insights and market expertise to help you make the right choice regarding the timing of your home sale.


How long will it take to sell my home?

Homes can sell within days or weeks in a fast-moving market or may take several months in a slower market. On average, it's common for homes to stay on the market for 30 to 60 days, but this can vary significantly depending on factors, such as price, home condition, seasonality, and location. Consulting a real estate agent is crucial in providing more specific insights into the current market conditions in your area and give you a better estimate based on your home's characteristics.


Will I owe taxes when I sell my home?

The tax implications of selling your home depend on various factors, including the profit you make from the sale, your filing status, and the duration of time you owned and used the property as your primary residence. Some essential points to consider include capital gains tax exclusion, capital gains tax on excess profit, special circumstances, and state taxes.


What should I disclose to potential buyers?

When selling your home, it is essential to be transparent and disclose any information that could potentially affect the buyer's decision or the property's value. Full disclosure not only builds trust but also helps you comply with legal requirements. Real estate disclosure laws vary from one jurisdiction to another, so it's crucial to understand the specific requirements in your area. In some places, sellers are required to provide a formal disclosure statement, while in others, it might be more informal. Matthew Schlieman will guide you through the potential factors for disclosure and ensure you keep buyers in the know.


Should I hold an open house?

Deciding whether to hold an open house when selling your home can be a strategic decision, and there are both advantages and disadvantages to consider. The decision to hold an open house depends on your specific situation, the local real estate market conditions, and your comfort level with the process. Many sellers choose to have at least one open house during their listing period to test the market and attract potential buyers. If you decide to hold an open house, work closely with your real estate agent to ensure proper planning, security measures, and effective marketing to maximize its benefits.

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