Frequently Asked Questions

Explore our FAQs to find answers to common questions about buying and selling in real estate. We’re here to guide you every step of the way!

For Home Buyers

The first step is to get pre-approved for a mortgage. This helps you understand how much you can afford and shows sellers that you are a serious buyer.

The closing process typically takes about 30 to 45 days once your offer is accepted, depending on various factors such as financing and inspections.

A real estate agent assists you throughout the buying process, including negotiating offers, managing paperwork, and guiding you through inspections and closing.

Generally, buyers do not pay their agent directly; the seller typically covers the commission, which is split between the seller’s and buyer’s agents.

Most lenders require a minimum credit score of 620, but some may approve lower scores depending on the loan type.

Down payments can vary: FHA loans may require as little as 3%, while conventional loans often require around 5% or more.

In addition to the down payment, buyers should budget for closing costs, which can range from 2% to 4% of the home’s purchase price.

For Home Sellers

The listing price is typically based on a comparative market analysis (CMA), which evaluates similar properties in your area that have recently sold, along with current market conditions and the unique features of your home.

Yes, hiring a home inspector can help identify any issues that need to be addressed before selling. This proactive approach can enhance buyer confidence and streamline the selling process.

Start by decluttering, cleaning, and staging your home to make it more appealing to potential buyers. Consider making minor repairs and enhancements to improve the overall presentation.

Sellers are legally required to disclose known issues with the property, such as structural problems, past repairs, or environmental hazards. Transparency builds trust and helps avoid legal issues later.

The time it takes to sell a home can vary widely based on market conditions, pricing, and location. On average, homes can take anywhere from a few weeks to several months to sell.

Common costs include agent commissions (typically 5-6% of the sale price), closing costs, repairs, and any staging or marketing expenses incurred during the selling process.

Earnest money is a deposit made by the buyer to demonstrate their commitment to purchasing the home. It is typically held in escrow and applied towards the purchase price at closing.

Can I Help Answer Your Questions?

Whether you’re buying or selling a house, I’m here to guide you every step of the way. Let’s get your questions answered, discuss your goals and create a personalized strategy that works for you!

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