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Brick Street Realty - Personal. Professional. Preferred.

Buying a new home is exciting and confusing. There are a lot of steps to
buying a home, and people have questions. These are the most common
questions home buyers have, and the answers.

  1. How do I get started? – The first step is to speak with a lender and
    get a pre-approval. This will tell you, and potential sellers, how much you
    can afford.
  2. How long does it take to close on a home? – Typically, it takes
    about 30-45 days once contracts are signed to complete the lending,
    appraisal, and inspection processes.
  3. What does my agent do? – A buyer’s agent will negotiate terms and
    manage the closing process from start to finish.
  4. How much do I pay for a buyer’s agent? – Nothing. The seller’s
    agent gives the buyer’s agent a portion of their commission from the seller.
  5. What credit score do I need to qualify? – A 620 FICO score or
    higher is required for most home loan programs. Talk to a lender for other
    options for lower scores.
  6. How much money do I need for a down payment? – It varies. FHA
    loans start as low as 3% and most lenders offer standard programs for a
    5% down payment.
  7. What other fees will I need to pay? – Closing costs and loan
    origination fees will add another 2-4% to the costs.
  8. What if I change my mind? – Your agent will work with you to build
    in contingencies for condition, loan terms/approval, and other protections to
    allow you time to evaluate the home during escrow.
  9. When do I get the keys? – Unless you’ve negotiated extra time for
    the sellers to move, you’ll get the keys at the closing.
    10.What’s the best advice for home buyers? – Trust the experts and ask
    lots of questions.
    Buying a new home is exciting. Reduce any anxiety by finding a good
    buyer’s agent who can help you make the best choice for your needs.

Jessica Buckrucker

9109644681

[email protected]

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You’ve got questions and we can’t wait to answer them.

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