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FAQ's

FAQ

Frequently Asked Questions

How do I start the home buying process?

The first step is to get pre-approved for a mortgage to understand your budget. Then, work with a trusted real estate agent who can help you find properties that meet your needs, schedule showings, and guide you through making offers and negotiating.

How much does it cost to work with a real estate agent?

In most cases, buyers don’t directly pay for a real estate agent’s services. The agent’s commission is typically paid by the seller as part of the sale transaction.

What is a pre-approval, and why is it important?

A pre-approval is a letter from a lender stating how much they are willing to lend you. It shows sellers you are a serious buyer and gives you a clear price range for your home search.

How long does it take to buy or sell a home?

The timeline can vary. Buying a home typically takes 30–60 days after an offer is accepted. Selling a home can take longer depending on market conditions, but once under contract, it usually closes in about 30–45 days.

Should I sell my current home before buying a new one?

It depends on your financial situation and the local market. Some prefer to sell first to avoid carrying two mortgages, while others buy first to ensure they have a new place to move into. We can help you evaluate the best strategy for your situation.

What costs are involved in selling a home?

Typical costs include real estate agent commissions, closing costs, home repairs, staging, and moving expenses. It’s a good idea to plan for 6%–10% of your home’s sale price to cover all expenses.

How much should I offer on a home?

Your offer should reflect the home’s market value, condition, and how competitive the market is. Your real estate agent will prepare a comparative market analysis (CMA) to guide you in making a strong, informed offer.

What is a home inspection, and do I need one?

A home inspection is a professional evaluation of a property’s condition. It’s highly recommended because it can uncover hidden issues, giving you leverage for repairs or price adjustments before finalizing the purchase.

Can I buy a home and sell my current one at the same time?

Yes, it’s possible! There are strategies like contingent offers, rent-backs, and bridge loans that can help coordinate both transactions. We’ll work closely with you to make the transition as smooth as possible.

What happens after my offer is accepted?

After acceptance, the home enters escrow. You’ll complete inspections, finalize your mortgage, review disclosures, and fulfill any contract conditions. Once all is completed and the loan is funded, you’ll officially close and get the keys!

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