1. What is the first step in buying a home?
+
Getting pre-approved for a mortgage is the first step.
2. How much down payment is required?
+
Typically 20%, but there are options for lower down payments.
3. Should I sell my current home before buying?
+
It depends on your financial situation. We can help you assess the best approach.
4. What is a buyer’s agent?
+
A buyer’s agent represents your interests in a real estate transaction.
5. What is an escrow?
+
An escrow is a neutral third party that holds funds during a real estate transaction.
6. How long does it take to close on a house?
+
Typically 30–45 days, depending on the situation.
7. Are home inspections necessary?
+
Yes, they identify potential issues before purchase.
8. What are closing costs?
+
Fees for services required to complete a real estate transaction, typically 2–5% of the price.
9. Can I negotiate the price?
+
Yes, real estate prices are often negotiable.
10. What is the best time to buy property?
+
Spring and summer have more inventory, but winter may offer better deals.
11. What are property taxes?
+
Annual taxes paid based on your property’s assessed value.
12. How do I know if a property is fairly priced?
+
A Comparative Market Analysis (CMA) can help determine fair market value.
13. Can I invest in property with little money?
+
Yes, through financing, partnerships, or REITs (Real Estate Investment Trusts).
14. Do I need a real estate agent to rent a property?
+
Not necessarily, but an agent can simplify the process and protect your interests.
15. Is real estate a good long-term investment?
+
Yes, it typically appreciates over time and generates passive income.
