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FREQUENTLY 
ASKED QUESTIONS

WHY SHOULD I BUY A HOME?

There are many financial reasons to buy a home. Among these, equity buildup, value appreciation, and tax benefits stand out.

Know your options:

  • If you are paying rent, you likely can afford to buy.

  • A lack of a substantial down payment does not prevent you from purchasing your first home.

  • A less than perfect credit score will not always hinder your ability to buy.

  • The process of buying a home does not have to be complicated. There are many highly qualified professionals to help along the way.

HOW CAN AN AGENT HELP?

A typical real estate transaction involves insurance assessors, mortgage brokers, underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and many other individuals whose actions and decisions have to be orchestrated in order to perform in harmony, and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase, and to act as the advocate for you and your interests throughout the process.

A Real Estate Agent's many roles include:

  • Educates you about your market.

  • Analyzes your wants and needs.

  • Guide you to homes that fit your criteria.

  • Coordinates the work of other needed professionals.

  • Negotiates on your behalf.

  • Checks and double-checks paperwork and deadlines.

  • Solves any problems that may arise.

HOW DO I GET FINANCING?

From start to finish you will follow a six-step, easy-to-understand process to securing the financing for your first home.

  1. Choose a loan officer (or mortgage specialist).

  2. Make a loan application and get preapproved.

  3. Determine what you want to pay and select a loan option.

  4. Submit to the lender an accepted purchase offer contract.

  5. Get an appraisal and title commitment.

  6. Obtain funding at closing.

HOW DO YOU CHOOSE A HOME?

looking for your home begins with carefully assessing your values, wants, and needs for the short and/or long terms.

Questions to ask yourself

  1. What do I want my home to be close to?

  2. How much space do I need, and why?

  3. Which is more critical: location or size?

  4. Would I be interested in a fixer-upper?

  5. How important is home value appreciation?

  6. What is neighborhood stabilization and equity?

  7. Would I be interested in a condo?

  8. Would I be interested in new home construction?

  9. What features and amenities do I want? Which do I really need?

© 2022 by Web and Wisdom

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