Question 1

What is an FAQ section?

Accepted Answer

An FAQ section can be used to quickly answer common questions about your business like "Where do you ship to?", "What are your opening hours?", or "How can I book a service?".

Question 2

Why do FAQs matter?

Accepted Answer

FAQs are a great way to help site visitors find quick answers to common questions about your business and create a better navigation experience.

Question 3

Where can I add my FAQs?

Accepted Answer

FAQs can be added to any page on your site or to your Wix mobile app, giving access to members on the go.

Question 4

Do I need to get pre-approved for a loan before I go shopping for a property?

Accepted Answer

Yes! You do need to speak with a lender that you trust, provide basic information and obtain a 'pre-qualification' or 'pre-approval' letter before you go shopping. This letter will include the amount of money that you are able to spend on a property and how much you must put down. The total of those two figures represents the amount you can spend on a home. Then you can shop in that price range. That letter will be used when you put in an offer to let the seller know that you are already approved or qualified to buy. The letter is submitted with your offer. You cannot submit an offer without it.

Question 5

If I am paying cash for a property, can I just start shopping for a home?

Accepted Answer

The answer is NO. You must provide a copy of your "Proof of Funds" first. This is a copy of your bank records or investment records that prove that you have enough funds to pay cash for the home. It must be sufficient enough to cover the cost of the house you are shopping for. You cannot look at houses that exceed the price of the house that you intend to pay cash for, unless you intend to get a loan. (See the Q & A about getting a pre-approval letter for loans).

Question 6

Can I get a loan on a house that is a total fixer?

Accepted Answer

Generally NO. Most lenders will not lend on a house that needs a lot of work or is not livable. 
Some "hard money" lenders will make an exception to this if the numbers work out. So you will likely need to be prepared to pay cash for a "total fixer".

Question 7

Can I get a loan on a property that is on leased land?

Accepted Answer

Generally, YES. However, you MUST work with a local Palm Springs area lender that is authorized to lend on leased land.  Most lender's will "tell" you they will loan on leased land, when in reality they will not. So your best option is to use a local lender from the start of the transaction.

Question 8

Can I do a vacation rental on my purchase?

Accepted Answer

Generally, YES. However, the minimum number of nights you MUST rent your property can vary by city. So check with your local Realtor to determine this information. This is very important information to investigate.

Question 9

How can I tell if my purchase is in a flood or fire zone?

Accepted Answer

Ask your agent to check the FEMA map online to see if your purchase is located in a flood zone, and also check the NHD (Natural Hazard Report) on the property for information related to these issues.

Question 10

When should I start shopping for homeowners insurance?

Accepted Answer

The day that you put in the offer on the property, you should start shopping for insurance. It can sometimes take weeks to get an approval or even a quote from many California carriers.

Question 11

Do I really need a home inspection?

Accepted Answer

Yes!  You should never "waive" the home inspection or even remove the contingency. If you feel you are forced to remove the contingency just to get the house due to aggressive bidding, you should still do a home inspection anyway so you know what you are purchasing.

Question 12

Should I get a termite inspection?

Accepted Answer

A termite inspection is not required, but recommended.

Question 13

Should I get a pool and/or roof inspection?

Accepted Answer

Generally the more independent inspections you obtain, the better.