Frequently Asked Questions...
Navigating the world of real estate can be complex, whether you’re buying your first home or selling a property you’ve owned for years. Our FAQ page is here to simplify the process by answering the most common questions we receive from clients. From understanding closing costs to learning how to make your home more appealing to buyers, you’ll find a wealth of information designed to guide you through every step of your real estate journey. Explore our FAQs to get the insights you need and feel confident in your decisions.
Our Top 15 FAQs
If you don't see your question here, feel free to connect with us directly—we're here to help!
What is the first step in the home buying process?
How much money do I need for a down payment?
Answer: Down payments typically range from 3% to 20% of the purchase price, depending on the loan type. Some programs may allow for lower down payments.
What are closing costs, and who pays them?
Answer: Closing costs are fees associated with the final stages of a home purchase, typically 2% to 5% of the loan amount. Both buyers and sellers can pay certain closing costs, depending on the agreement.
How long does it take to buy a home from start to finish?
Answer: The home buying process typically takes 30 to 60 days, but it can vary based on the local market, financing, and any contingencies in the contract.
How do I make a competitive offer on a home?
Answer: Work with your agent to review recent sales of comparable homes, consider the home's condition, and be prepared to offer earnest money to show you're serious.
What is a contingency in a real estate contract?
Answer: A contingency is a condition that must be met for the sale to proceed. Common contingencies include financing, home inspection, and appraisal.
What is the role of a real estate agent in the buying process?
Answer: A real estate agent helps you find homes, negotiate offers, guide you through the paperwork, and advocate for your best interests throughout the process.
How do I sell my home quickly?
Answer: Price it competitively, stage the home to appeal to buyers, make necessary repairs, and market it effectively through various channels
What factors determine the market value of my home?
Should I sell my home before buying a new one?
Answer: This depends on your financial situation and the local market. Selling first can free up equity, while buying first may reduce the risk of being without a home.
How can I stage my home to attract more buyers?
Answer: Declutter, depersonalize, and make minor updates to create a neutral, welcoming space. Focus on curb appeal and ensure the home is clean and well-lit.
What is a home appraisal, and why is it important?
Answer: A home appraisal is an assessment of the property's value conducted by a licensed appraiser. It ensures the buyer is paying a fair price and is required by lenders.
How do I prepare for a home inspection as a seller?
Answer: Make sure the home is accessible, address minor repairs, and provide documentation for any major work done on the home, like roof replacements or HVAC installations.
What happens on the closing day of a real estate transaction?
Answer: On closing day, you’ll sign the final documents, pay closing costs, and transfer ownership of the property. After closing, you’ll receive the keys to your new home!
What are the benefits of working with a REALTOR®?
Answer: REALTORS® adhere to a strict code of ethics, have access to market data, and offer expert negotiation skills to help you achieve the best outcome.