Home Buyer FAQs

Frequently Asked Questions

Do I talk with a Banker before looking at homes?

Yes! Here are some benefits of talking to a banker.

  • - You can get pre-approved and understand your limits.
  • - Check to see if you qualify for a first-time homebuyer program.
  • - You will discover the cost associated with buying a home.
  • - A mortgage professional can give you advice on financing.

Am I Ready to Buy a Home?

Great Question! Consider these questions to determine if you are ready.

  • - Are you in debt.
  • - Do you have a steady,reliable, long-term job?.
  • - Have you saved anything for a down payment?
  • - Can you afford mortgage, taxes, utilities and insurance?

Should I Buy instead of Rent?

If you’re asking this question, here are some benefits of Owning instead of Renting

  • - Tax Breaks (Interest & property tax)
  • - Financial Gains & Equity.
  • - Stability.
  • - Security,Privacy and Independence.

Should I Hire a Real Estate Agent?

Yes! Here is how a Real Estate agent can make a difference

  • - An agent simplifies the entire process and prevents you from Overpaying and having issues with the Contract.
  • - An Agent has access to listings in MLS, advisors on home values, negotiate with sellers and provides guidance and services throughout the entire process.

Should I Buy a Home before selling my current one?

There are pros and cons to consider before making a decision.

  • - One potential benefit is that you may have the opportunity to remodel your new home before moving in and can take your time with the moving process.
  • - A Con is you will carry two mortgages and manage 2 homes at the same time.
  • - An Option to consider is adding a contingency to your contract, which allows you to purchase the new home only if and when your current home sells.
  • - Ask an experienced Real Estate Agent and they will guide you to the right decision.