Buyer FAQ
Find answers to common questions about buying real estate
Questions for Buyers
Answers
How do I get pre-approved for a mortgage?
The first step is to connect with a trusted lending partners who can review your financial picture---credit score, income, debt, and assets. They'll guide you through providing the right documents (pay stubs, tax returns, bank statements) and issue a pre-approval letter. I can connect you directly with lenders who consistently deliver smooth transactions, have deep financial smarts, and have excellent communication.
↑ Back to QuestionsWhat should I look for during a home inspection?
A licensed inspector will look closely at the home's structure, roof, plumbing, electrical, HVAC, and more. I'll help you interpret their report, prioritize what matters most, and connect you with contractors if you want estimates or second opinions. I have several inspectors who I can refer you to
↑ Back to QuestionsHow much should I offer on a house?
That depends on the home's condition, comparable sales, and current competition in the market. I analyze this data and advise you on a competitive offer strategy that balances value and winning in today's market.
↑ Back to QuestionsWhat are closing costs and who pays them?
Closing costs generally run 3--5% of the purchase price and cover things like lender fees, title insurance, and taxes. Both buyers and sellers share these expenses, and I'll help you understand where we can negotiate to your advantage. I also have referral partners in lending and title who can break these down in detail.
↑ Back to QuestionsHow long does the buying process typically take?
From accepted offer to closing, plan on 30--45 days for financed purchases, sometimes faster with cash. I'll manage your transaction and coordinate closely with lenders, inspectors, and title professionals to keep everything on track.
↑ Back to QuestionsWhat is earnest money and how much should I put down?
Earnest money is a good-faith deposit, typically 1% of the purchase price, held until closing. I'll guide you on the right amount based on market conditions and ensure it's structured to protect your interests.
↑ Back to QuestionsShould I buy a home warranty?
A home warranty can be a smart way to offset unexpected repair costs, especially on older homes. I'll help you evaluate whether it's worth it and connect you with reputable warranty companies.
↑ Back to QuestionsWhat happens if the appraisal comes in low?
If the appraisal is below the contract price, we can negotiate with the seller, adjust financing, or potentially terminate your offer if you have the right contingency. I'll guide you through the strategy and, if needed, connect you with lenders who offer flexible solutions.
↑ Back to QuestionsCan I back out of a contract after signing?
Yes, under certain contingencies like inspection, appraisal, financing, or others. I'll make sure your contract is written to protect you. Outside of contingencies, backing out could mean losing earnest money, so we'll always review options carefully together.
↑ Back to QuestionsWhat documents do I need to bring to closing?
You'll need a government-issued photo ID, proof of insurance, and funds for closing. Your lender and title company will give you a complete list, and I'll make sure you're fully prepared. I also connect you with title partners who walk you through every detail.
↑ Back to QuestionsHave more questions? Contact me for personalized assistance with your home buying needs.