BUYERS FAQ
HOW DO I KNOW HOW MUCH I CAN AFFORD?
How much you can afford depends on your income, credit rating, current
monthly expenses, down payment and the interest rate.
monthly expenses, down payment and the interest rate.
HOW DO I FIND THE BEST LOAN?
You can save money by doing your homework. Talk to several lenders,
compare costs and interest rates and negotiate to get a better deal. There are
compare costs and interest rates and negotiate to get a better deal. There are
many first time home buyer programs available. It’s a good idea to get pre-
approved for a loan before you start looking for a home.
Understand exactly what cost are associated with buying a home, the
difference between a down payment, pre-paid items, and escrows, which can
be thoroughly explained by a mortgage professional.
WHAT’S A HOA?
A Home Owners Association. If you choose a home in a neighborhood with
an HOA, your Agent will make sure you get a copy of the HOA packet, so you
can review it before closing.
an HOA, your Agent will make sure you get a copy of the HOA packet, so you
can review it before closing.
WHAT HAPPENS AFTER MY OFFER IS ACCEPTED?
Your agent will assist you in organizing a home inspection. An inspection will
tell you about the condition of the home and can help you avoid buying a
home that needs major repairs.
tell you about the condition of the home and can help you avoid buying a
home that needs major repairs.
WHO PAYS THE REALTOR FEES WHEN BUYING A HOME?
One reason why buyers ask the question abut the need of having a Realtor
when buying a home is because they don’t understand who pays the Realtor
fees when buying a home. There are no guarantees, however, in most cases
the seller pays the Realtor fees.
when buying a home is because they don’t understand who pays the Realtor
fees when buying a home. There are no guarantees, however, in most cases
the seller pays the Realtor fees.
WHAT ELSE WILL MY AGENT DO FOR ME?
Your agent will handle all of the details involved in home buying, guide you
through the process and make the experience much easier. Your agent will
be well-acquainted with the neighborhoods your are considering, will help you
figure out the price range you can afford and will search the Multiple Listing
Service (MLS) for home you’ll want to see. With immediate access to homes as
soon as the are listed, your agent will save you hours of valuable time. When it
is time to make an offer, your agent will know how to save you money, guide
you through the paperwork and answer any last minute questions.
through the process and make the experience much easier. Your agent will
be well-acquainted with the neighborhoods your are considering, will help you
figure out the price range you can afford and will search the Multiple Listing
Service (MLS) for home you’ll want to see. With immediate access to homes as
soon as the are listed, your agent will save you hours of valuable time. When it
is time to make an offer, your agent will know how to save you money, guide
you through the paperwork and answer any last minute questions.
