FAQ for Home Buyers

Buying a home is an exciting journey, and we’re here to make it as smooth as possible. We understand that you may have questions along the way, so we’ve put together answers to some of the most common questions buyers ask. From understanding financing to navigating the offer process, this guide provides the insights you need to feel informed and prepared every step of the way.

Ready to get started? Explore the FAQs below to find answers to your top questions!

1. How do I know what I can afford?

  • Start by getting pre-approved with a lender. This will give you a clear picture of your budget, including your loan options and monthly payments.

2. What is a pre-approval, and why do I need it?

  • A pre-approval is a document from a lender indicating the loan amount you qualify for based on your income and credit history. It strengthens your offer by showing sellers you’re a serious, qualified buyer.

3. How long does it take to buy a home?

  • The buying process typically takes between 30-60 days once you have an accepted offer. However, the timeline can vary based on the market, your financing, and property inspections.

4. What costs are involved in buying a home?

  • In addition to your down payment, there are closing costs, including lender fees, title fees, and home inspection costs. On average, these can total around 2-5% of the home’s purchase price.

5. What’s the difference between an inspection and an appraisal?

  • An inspection assesses the home’s condition, identifying any necessary repairs, while an appraisal determines the home’s value for the lender to ensure it aligns with the loan amount.

6. Can I negotiate the price of a home?

  • Yes! Offers often involve negotiation, which can include the home price, closing costs, or even repairs. I’ll work closely with you to negotiate terms that work best for you.

7. What are contingencies in a real estate contract?

  • Contingencies are conditions that must be met for the sale to proceed. Common contingencies include financing, inspection, and appraisal. These protect your interests during the buying process.

8. How much should I offer on a home?

  • This depends on the property’s market value, recent comparable sales, and demand. We’ll assess these factors to craft a competitive offer that fits your budget and goals.

9. When do I get the keys to my new home?

  • You’ll receive the keys on closing day, once all paperwork is signed, and the funds are transferred. This is typically when you take full possession of your new home!

10. What if there are issues during the inspection?

  • If the inspection reveals concerns, we can negotiate with the seller to either repair the issues, provide a credit, or adjust the sale price to account for the necessary repairs.

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