Buying a Home
Home. It's the most important purchase you'll ever make. As an experienced agent, I understand the difference between buying a house and finding your home. Let me show you how to make the process smooth and trouble-free.
The Home Buying Process
Before You Buy
Preparation is key when purchasing a property. From down payments and mortgage prequalification to understanding the type of home that will meet your needs and satisfy your wants, I can make sure your financial ducks are in a row and your expectations are grounded in reality when preparing to buy.
The Search
Selecting your perfect home will require research, expert guidance and knowledge of the local market, and you'll need to consider what it is you're looking for. I can help you find the place that fits your taste, your budget, and your lifestyle. I'm a home hunter's best friend.
Making the Purchase
So, you've found the perfect home that meets all your criteria, from a great location to just the right square footage. As your trusted agent, I will guide you through the logistical — and emotional — challenges of the purchase process, to ensure you are in a solid position before you sign on the dotted line.
Frequently Asked Questions
- How long does the home buying process typically take? The timeline varies, but most first-time buyers complete the process in 3-6 months from pre-approval to closing.
- What credit score do I need to buy a home? While requirements vary by loan type, most conventional loans require a minimum score of 620, while FHA loans may accept scores as low as 580.
- How much do I need for a down payment? Down payment requirements range from 0% for VA loans to 3-5% for many first-time buyer programs, and typically 10-20% for conventional loans.
- What's the difference between pre-qualification and pre-approval? Pre-qualification provides a general estimate based on self-reported information, while pre-approval involves verification of your financial information and is a stronger indicator of your buying power.
- Should I buy a home if I plan to move in a few years? Generally, buying makes more financial sense if you plan to stay in the home for at least 3-5 years, considering closing costs and building equity.
- What happens if the appraisal comes in lower than my offer? You can negotiate with the seller for a lower price, make up the difference in cash, request a second appraisal, or potentially walk away from the deal (if you have an appraisal contingency).
- How do I know if I'm ready to buy a home? Key indicators include stable employment, manageable debt levels, savings for down payment and closing costs, and confidence in staying in one location for several years.
