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Buyers
Most Common Buyer FAQs:
1. How much can I afford?
There are ways of calculating how much you can afford when it comes to buying a home. Your real estate agent can help with what you are comfortable paying through a mortgage calculator (see above).
2. Can I buy a home and sell my home at the same time?
This is the equivalent of walking a tight rope...but the short answer is, YES you can! Most of the time, you can make an offer on a home with the contingency that you have to make sure you can close on the sale of your own home first. If that doesn't happen, you can ask for an extension instead of allowing the deal to fall though. But ultimately, the final answer will come from the seller of the home you are attempting to purchase.
3. How many homes should I look at before buying a home?
That is entirely up to you! Some folks know the home they want right away. Others need to see more to compare. At the end of the day, you know when you find it!
4. Will the seller accept less than what they are asking?
This answer depends on a few things. Hopefully, the selling agent priced it according to reasonable comparable homes in the area. Remember, it's not what other homes are LISTED at...it's what other homes SOLD at. If you make an offer too low, you're likely to get a flat out rejection vs a counter offer. It's important to be reasonable when making an offer.
5. How quickly can I close?
Typically, you can close within 30-45 days. There are extenuating circumstances though...timing of an appraisal, inspection, fixes that may need done by the homeowner among other things can play a factor in the timing as well. The due diligence of your agent to stay on top of this process is very important too!
Got Other Questions? Contact Ron TODAY!
1. How much can I afford?
There are ways of calculating how much you can afford when it comes to buying a home. Your real estate agent can help with what you are comfortable paying through a mortgage calculator (see above).
2. Can I buy a home and sell my home at the same time?
This is the equivalent of walking a tight rope...but the short answer is, YES you can! Most of the time, you can make an offer on a home with the contingency that you have to make sure you can close on the sale of your own home first. If that doesn't happen, you can ask for an extension instead of allowing the deal to fall though. But ultimately, the final answer will come from the seller of the home you are attempting to purchase.
3. How many homes should I look at before buying a home?
That is entirely up to you! Some folks know the home they want right away. Others need to see more to compare. At the end of the day, you know when you find it!
4. Will the seller accept less than what they are asking?
This answer depends on a few things. Hopefully, the selling agent priced it according to reasonable comparable homes in the area. Remember, it's not what other homes are LISTED at...it's what other homes SOLD at. If you make an offer too low, you're likely to get a flat out rejection vs a counter offer. It's important to be reasonable when making an offer.
5. How quickly can I close?
Typically, you can close within 30-45 days. There are extenuating circumstances though...timing of an appraisal, inspection, fixes that may need done by the homeowner among other things can play a factor in the timing as well. The due diligence of your agent to stay on top of this process is very important too!
Got Other Questions? Contact Ron TODAY!
