Buyers
What’s the first step of the home buying process?
Meet with a lender,
Unless your paying cash for a home, meeting with a lender and getting pre-approved for a mortgage is your first step. This will help determine what you can afford based on your debt to income ratio.
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What does a real estate agent do for me?
alot,
As your real estate agent, I will represent you as my client throughout the entire home buying process start to finish. Buying a home is a team effort to include you! I work collaboratively with all parties to include the lender and title company to ensure we get to the settlement table so you can get your keys!
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How much does it cost to use a real estate agent?
Most of the time nothing,
In most cases, you will not have to pay your real estate agent anything to purchase a home. Agents are paid a commission from the sale of the property and that is paid by the seller because the agent has brought the buyer to purchase the home.
How long does it take to buy a home?
it depends,
From beginning to end it can take anywhere from 30 days to 6 months if the search prolongs to find your perfect home. Once under contract, it typically takes between 30 and 60 days to close on a property. During that time the inspection is done, appraisals are completed, and financing is secured to prepare for final signing.
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How much can I afford?
what you are comfortable with,
You may be approved for a higher amount that comes with a higher payment. I always tell my clients pay attention to the monthly payment and find what is comfortable. You will be paying it for 30 years…
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What is an earnest money deposit?
a good faith deposit,
This is a deposit you put on a house when making an offer to show your commitment to the seller and how serious you are about buying their home. At the closing of the home, you can either get this money back or apply it to your closing costs.