Buyer Resources

Home Buyers FAQ's

 

Buying a home is exciting, especially if you're a first-time home buyer, but sometimes there are unanswered questions that make us feel a little uncomfortable about the process. Before you begin your home search, we recommend you prepare for your journey by educating yourself; the more you know the more self confident you are about your home buying decision. Both experienced home buyers and first-time buyers will benefit from the frequently asked questions below. 

Q - I've never purchased a home before.  Where should I begin?

A - Actually, you've already started! Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or homes would be to:

  • Learn about the market and area you would like to live.
  • Familiarize yourself with your personal finances. What is my credit score? What is on my credit report?
  • Carefully review your budget and begin to eliminate as much debt as possible. Try to avoid large purchases.
  • Determine where you are comfortable with your monthly mortgage payments.
  • Have a down payment and earnest money ready when the time comes to act and make your offer.

Your next step is to contact us. As your home buying specialists, we'll protect your interest and manage the details of your real estate transaction to your complete satisfaction.  For more experienced buyers, a little brush up on the real estate process wouldn't be a bad idea. Of course, you'll need a really sharp real estate expert to protect your interests too! That's where we come in!

Q - How do I know which loan is right for me? Which lender should I choose?

A - Once we meet and review your finances, along with your home buying needs, you should select a lending consultant. We can recommend several trusted lending professionals or you can choose your own. Having the utmost confidence in your lender is important. Be sure you feel completely at ease with them.  They should speak to you in easy to understand terms.  Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. More and more lending professionals are recommending fixed interest rate loans and interest rates are very attractive. Of course, the type of loan best for you depends on several factors. Here are just a few:

  • How much money do you have for a down payment?
  • How long do you plan to live in the home?
  • Do you qualify for an FHA or VA loan?

 

Let's Get Started!

Are you ready to schedule your home buying consultation?  If so, contact us today and together we will review your needs and your budget to help you find the right home for you!

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