Question 1

HOW DO I KNOW HOW MUCH I CAN AFFORD?

Accepted Answer

After our initial consultation, I will recommend the first thing you do is meet with a local mortgage lender. They will help identify how much you are qualified to borrow, and how much you should borrow based on your preferred budget. Your interest rate is determined by market conditions, how much you borrow, how much you put as a down payment, and your credit score. Your interest rate can have a big influence on how much you can borrow. But just because interest rates might be high, if you can afford to buy, you should. You can always refinance when interest rates drop, and you'll continue building equity in your home!

Question 2

WHAT PERCENTAGE OF THE FINAL HOME SALE PRICE DO YOU CHARGE?

Accepted Answer

As a buyer, you are generally not responsible for paying your Realtor’s fees. This is a seller fee. There is no standard percentage, but most often the seller will pay 6% of the sales price to the agents– 3% will go to the seller’s agent and 3% will go to the buyer’s agent. Sometimes this can vary and for various reasons. There are few very rare cases where I would charge my buyer clients the 3% commission fee, and this would be discussed ahead of time. Please note: I have never charged my buyer clients a fee to work with me.

Question 3

DO I NEED TO PUT 20% DOWN?

Accepted Answer

Most of the time, no! There are programs available that allow you to put as little as 3% down! However, if you are a doctor, dentist, lawyer, or veteran there are options available for you to put 0% down! To learn more about these programs and others, reach out to a lender. They can help provide more insight on which program is right for you.

Question 4

WHY SHOULD I USE A REAL ESTATE AGENT?

Accepted Answer

Working with a REALTOR like myself, we have your best interests in mind throughout the transaction, and will get you to the closing table faster, with less stress! Not only do we help you search for your perfect home, but we gather all the most important information on each home you are interested in and explain all the facts. Not to mention, we are able to show you these homes on your schedule!

FREQUENTLY ASKED QUESTIONS

HOW DO I KNOW HOW MUCH I CAN AFFORD?

WHAT PERCENTAGE OF THE FINAL HOME SALE PRICE DO YOU CHARGE?

DO I NEED TO PUT 20% DOWN?

WHY SHOULD I USE A REAL ESTATE AGENT?