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]