F.A.Qs Here is a collection of frequently asked questions that we have put together to assist you. If you have any other questions, not listed here, feel free to call or send an e-mail. By clicking on any of the questions below, you may view the answer. Buyers What is a "One-Time Show" listing? What's the Difference between a "Listing Agent" and "Selling Agent"? What does FSBO mean? What is a broker? What is a contingency? What is a Multiple Listing Service (MLS)? What is a debt-to-income ratio? What is title insurance? What is the difference between being prequalified and preapproved for a loan? What is a REALTOR®? What is homeowners association (HOA)? Why should I use a real estate agent? Is an older home as good a value as a new home? What is an escrow officer? Can a home depreciate in value? What are closing costs? Sellers What is an "Exclusive Agency Listing"? What is an "Exclusive Right to Sell" listing? What are comparables or comps? What is a counteroffer? What does an appraisal mean? Why should I use a real estate agent? Is there a "best time" to put my house on the market? How should I price my home? What are disadvantages of pricing my home on the high end? Do I have to sell to the person with the highest offer? Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer? Who is responsible for making repairs, if any, as a result of home inspection reports conducted for the buyer? General Do I need a Realtor to Build a "Star Home"? How will I be able to customize the home I build? I am interested in building a custom "Star Home", what do I need to do next? I need a home customized for my special needs? Do you have preferred lenders? Do I have to build my new "Star Home" on your lot? Does Five Star Development do remodeling or room additions? Do I need to provide my own sub-contractors? What can I do if I need to sell my home first before building? Do you have information about other custom homes that you have built?

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	Gregg McGrew & Mike Danzinger Five Star Development Gregg  Ph: 502-386-5286  -  Mike  Ph: 502-361-1508  -  Fax: 502-415-7154 P.O.box 583007 Louisville, KY 40268 www.StarBuiltHomes.com
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