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Buyers

Whether you’re a first time home buyer or an experienced buyer, you’re bound to have some questions.  Here are a few commonly asked questions.  Don’t see what you’re looking for?  Let me know and I’d be happy to answer any specific questions you may have.

Frequently Asked Questions

 

What home can I afford?

The short answer is that is really depends on your income and other financial obligations.   Only a lender or mortgage broker can give you an accurate estimate of what you could potentially afford.  The best place to start your home buying process is by contacting a mortgage broker or lender to get pre-qualified.  This ensures that you are looking at homes in your price range and will help to avoid disappointment or missed opportunities.

What is the first step in the buying process?

Unless you are paying cash for a house, you will need a mortgage.  Before looking at any homes, I would highly recommend speaking to a lender or mortgage broker.  In order to know how much home you can afford, you will need to get pre-approved for a loan.  This is an important first step to ensure you are looking at homes that you can afford to buy.  Also, most sellers require a pre-approval lender to be submitted with any offer as proof that you are financial able to purchase their home.

How long does it take to buy a home?

Typically it takes around 30 – 45 days from offer to close.  However, there are a lot of factors that can have an effect on timing – loan approval and appraisals being two of the most common.

Do I need an agent to buy a house?

Technically, no.  However the purchase of a home is one of the biggest financial investments you will ever make so why wouldn’t you want to work with a professional with the knowledge and experience to ensure you are making an informed decision when spending all that money.

How much do I have to pay my agent?

In most cases, you do not have to pay your REALTOR(R) anything to help you purchase a home.  The sellers pay their REALTOR(R() a fee and then the listing agent pays the buyers agent for bringing the buyer and facilitating the transaction.

Buying a home is an exciting adventure. Ready to get started?
Contact me today!