1.     What should I consider when buying a home?

A: Location, budget, size, age, condition, amenities, why you want to buy a home, who will live with you and what is important to them, how long do you plan to reside in the house, and future plans such as marriage, kids, etc.


2.     How much money should I put down on the house?

A: The down payment varies based on the type of loan and other factors. VA loan is 0% but some lenders may require a down payment for homes over $1M.  FHA Loan is 3.5%, and Conventional is 3% - 25%.   Second homes and investment properties usually require a down payment between 15% - 25%.


3.     How do I find a real estate agent?

A: Ask for recommendations, check online reviews, interview multiple agents, and choose one that you trust and have good communication with.


4.     What is the difference between pre-approval and pre-qualification for a mortgage?

 A: Pre-approval means a lender has reviewed your financial information and credit score and approved you for a loan up to a certain amount. Pre-qualification is a preliminary estimate of how much you can borrow.


5.     How long does it take to close on a house?

 A: It can take anywhere from 30 to 60 days, or longer, depending on various factors. Settlement on a cash deal may take 5-10 days.


6.     What costs are involved in buying a home?

A: Down payment, closing costs, inspection fees, property taxes, insurance, etc.


7.     Should I get a home inspection?

A: Yes, a professional home inspection can uncover any potential issues with the property and help you make informed decisions.


8.     How do I negotiate the price of a home?

 A: Research the market, consider the home's condition and features, make a reasonable offer, and be prepared to negotiate based on inspection results and other factors.


9.     How do I know if a home is a good investment

 A: Consider the location, price of the property, annual appreciation of similar homes, future plans for the area, the condition of the home, and your personal financial goals. Consult a financial advisor for personalized advice.


10. What are my financing options for a home?

A: Conventional, FHA, VA, USDA, and Jumbo loans are common options. Consult with multiple lenders to compare rates and terms.