Common Questions
Should I talk with a bank before looking at homes?
The short answer is, YES. There are many reasons why you should, but number one is that it helps you understand what exactly you can afford. This helps you focus on the homes you can fall in love with.
I own a home, should I buy another before selling my current home?
There are pro's and con's to buying a home before selling your current home and vice versa. Start by speaking with your lender to see if you have the option to do so. Sometimes a lender will require that the purchase of a new home is contingent on the sale of your current home. This can sometimes affect how strong your offer can appear to a seller.
Do I really need a Realtor when buying a home?
When buying a home it is strongly recommended you have a Realtor because they represent your best interests in the process.
Who pays the Realtor fees when buying a home?
There are no guarantees, however, in most cases the seller pays the Realtor fees.
What is an earnest money deposit.
An earnest money deposit is sometimes referred to as a good faith deposit. When a buyer presents an offer to purchase a home they provide the seller's real estate company a deposit to hold in their escrow account. This shows the seller you are serious amount purchasing their home. This sum will net against your closing costs at the end of the process. The larger the deposit, the stronger a purchase offer looks to a seller.
My offer to purchase was accepted, what now?
Congratulations! There are many things that need to be completed, which are all laid our in the purchase agreement. Typically, there will be a private home inspection, then formal mortgage application including appraisal, title, etc. In the end, if all goes well, the lender will give a clear to close and closing date will be set.
How do I get my house ready to sell?
Clean things up
Declutter and rent storage, if necessary
Make any needed repairs
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What should I do to prepare for showings?
One of the most crucial aspects of selling a home is the buyer's first impression. Here are a few simple things you can do to make it the best experience.
Make it clean and tidy, removing excess clutter so it feels spacious.
Open the curtains so it is getting good natural sunlight.
Turn on lights in darker areas of the home.