Buying a home represents the largest investment that most individuals will make during their lifetime.  The process can seem overwhelming.  Let me guide you through the process so your next real estate transaction will be smooth and worry free.
 

Questions you may have when buying a home  

How much does it cost to buy a home?

Typically mortgage companies and banks require a deposit of 3.5, 5, 10 or 20%.  Closing cost and prepaid items are also necessary and range between 1.5 - 2% of the total loan amount.  Appraisals and home inspections are usually additional expenditures.   Buyers can ask sellers to help pay for some of the closing costs and prepaid items when buying a home.

How long does it take to buy a home?

With the technology available today finding a home that fits your wants and needs can be done in a matter of seconds. The average buyer will look at 5-10 homes before they decide on which to buy. Once you meet with a lender and arrange for financing, it usually takes 30-45 days before closing and moving into your new house.

What is the best type of financing for me?

Meeting with a loan officer or a home financing consultant is a great place to start when buying a home. Today there are hundreds of home financing options available and a loan officer will provide you with the information and advise to help you make a choice that works best for you. The most important factors to consider when choosing a mortgage are amount of down payment, how long you plan to live in your new home, credit history, and current interest rates.

Why do I need a Realtor when buying a home?

During your lifetime, you probably won't make a larger, more important decision than buying a home. A Realtor will provide you with the guidance and advice in addition to representing your best interests throughout the entire transaction while handling all of the details up to closing. A professional Realtor will locate and coordinate homes for you to view and explain the purchase agreement and contracts you'll be signing when you do find a home. It's not necessary to use a Realtor when buying a home, but it's hard to imagine going through the home buying process alone.

Can I buy a home before I sell my current home?

Maybe. Many homeowners are worried that they won't be able to find a new home after they sell theirs. They worry about having to make a quick decision on a new home that they are not truly excited about. As a home buyer, they can purchase a new home contingent on them selling their current home or purchase non-contingent on the sale of their current home. Unfortunately, some people are not in the financial position where they can qualify for two mortgage payments at the same time or are not willing to take on the financial burden of owning two homes at the same time.