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Preferred Real Estate Partners and Contacts
If you're looking for professional help to start the home-buying process, prepare your home for sale, or maintain your new home, look no further! Check out our hand-selected partners in a variety of industries below:
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What is the first step in the home buying process?The first step is to assess your financial situation, including checking your credit score and determining your budget.
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How much can I afford to spend on a home?This depends on your income, existing debts, credit score, and how much you can put down as a down payment. A mortgage calculator can help estimate monthly payments.
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What is a pre-approval, and why do I need it?Pre-approval is a lender's commitment to loan you a certain amount based on your financial situation. It helps you understand your budget and strengthens your offer.
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What are closing costs?Closing costs are fees incurred during the purchase of a home, typically ranging from 2% to 5% of the purchase price. They can include loan origination fees, appraisal fees, inspections, and title insurance.
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What should I look for during a home inspection?Look for structural issues, plumbing problems, electrical systems, roofing condition, and any signs of pests or mildew.
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How long does the home buying process take?The time varies, but it usually takes 30 to 60 days (about 2 months) from the accepted offer to closing.This is with a standard conventional loan.
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What is the role of a real estate agent?A real estate agent helps you navigate the buying/selling process, provides market insights, negotiates on your behalf, and manages paperwork.
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What is an earnest money deposit?It is a deposit made by the buyer to show commitment to purchasing the property, which will be applied to the down payment or closing costs.
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What happens if my offer is accepted?The transaction moves into the due diligence phase, including inspections, appraisals, and finalizing financing.
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Can I back out of the deal after making an offer?Yes, you can with a valid reason during the contingency period. Please consult with your real estate agent on how you can back out of a deal successfully while protecting your earnest money.
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What are contingencies in a purchase agreement?Contingencies are conditions that must be met for the sale to proceed, such as financing approval, successful home inspection, or selling the buyer's current home.
Questions About Your Home Goals?
Contact One of Our Real Estate Brokers!
1-800-786-7483 ext. 3
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