For Seller's

• What are the most important factors in selling a home?

Price and condition are the two most important factors in selling a home.

• What is the difference between list price, sales price and appraised value?

The list price is a seller's advertised price, a figure that usually is only a rough estimate of what the seller wants to get. The sales price is the amount of money you as a buyer would pay for a property. The appraisal value is a certified appraiser's estimate of the worth of a property, and is based on comparable sales, the condition of the property and a number of other factors.

For Buyer's

• Where do I get information about closing costs?

For more on closing costs, ask for the "Consumers Guide to
Mortgage Settlement Costs," Federal Citizen Information Center,
Pueblo, CO 81009; (888) 878-3256; pueblo.gsa.gov.

• Why do I need a title report?

A clear title report ensures there are no liens placed against the prior owners or any documents that will restrict your use of the property.

• Do I need a home inspection?

Yes. Buying a home "as is" can be very risky. Major repairs on homes can amount to thousands of dollars.

• What home buying expenses can I deduct?

Any points you or the seller pay to purchase your home loan are deductible for that year. Property taxes and interest are deductible every year.

• What insurance should I buy?

A standard homeowners policy protects against everything except earthquakes, floods, war and nuclear accidents. These policies are "all-risk" policies. Insurance experts recommend that homeowners obtain insurance equal to the full replacement value of the home.