Skip to main content

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


[email protected]

Let’s Talk

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

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.