Yes, we work with different lenders such as banks, mortgage brokers, and private lenders

Yes, we work with different lenders such as banks, mortgage brokers, and private lenders Making a down payment of 20% is ideal because you can avoid paying private mortgage insurance (PMI), but more realistically, lenders usually require at least 3% for the sale to go through.

Usually, depending on the bank guidelines and programs and your credit rating, you can buy for as little as 3.5% FHA program, and there’s also a 5% down-payment on conventional loans all of these are subject to your credit rating. Depending on where you live and what kind of mortgage you’re eligible for, some lenders may require a minimum of 5%.

In some circumstances, you may not have to worry about a down payment at all. If you’re a first-time buyer, veteran, or rural resident, there are special programs available to help you afford a home

Yes, you can—but it’s the real estate equivalent of walking a tightrope. “This is one of the trickiest questions to answer,” On the one hand, if you buy a home before you sell the one you’re in, you’re overextended financially; if you sell before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency” in your contract. This means you only agree to buy a home if you can sell the one you’re in. The only downside is if your seller doesn’t agree (which is possible if they want the timing set in stone).

As a rule of thumb, knocking 5% off the list price won’t ruffle any feathers. If it’s been sitting on the market for months, you can venture below that, but the bottom line is, You never know how low a seller will go, as they have different motivations for selling,

While there’s no crystal ball on whether a certain home is a bargain and will appreciate, rest assured that with research, you can keep surprises to a minimum. The best way is to check out comps—what similar properties are selling for in the area—and whether those prices have been going up or down in the recent past.

While there’s no crystal ball on whether a certain home is a bargain and will appreciate, rest assured that with research, you can keep surprises to a minimum. The best way is to check out comps—what similar properties are selling for in the area—and whether those prices have been going up or down in the recent past.

Typical escrow periods are 30 to 45 days, This gives you enough time to do the investigation on the property and get a loan completed. And yes, this due diligence counts

While buyers often wonder if a home inspection is truly necessary, most Realtors unequivocally say yes, yes, and yes. A home inspector takes a weight off of your shoulders by looking into the condition of the roof, electricity, heating and air, and plumbing. Ensuring these things work prevents you from paying to fix them in the future. If some things are not up to par, you can negotiate with the seller to get those fixed before you sign the paperwork.

While buyers can always back out of a deal, doing so without good reason may forfeit their earnest money (the cash put down to secure the offer, typically around 1%-2% of the home’s price). But there are some ways to walk with your earnest money in hand.

Contingencies are great loopholes, For example, upon an unsatisfactory home inspection, the buyer can ask for their deposit back. Another loophole is ‘subject to appraisal. That means you can back out if the lender for your loan doesn’t think the property is worth what you offered.

On average, a house takes between 55 and 70 days to sell. That includes 25 days on the market and 30 to 45 days for closing.

The first step in deciding your home’s list price is to get a comparative market analysis (CMA) from a real estate agent. To perform a CMA, your agent will find similar homes in your neighborhood that have the same square footage, number of bedrooms, and number of bathrooms.

They’ll see what these homes recently sold for or are listed for, and use this as a starting point for your own list price.

A great agent will be an expert in their local neighborhoods, so they’ll be able to price your home to sell without sacrificing your hard-earned equity

Early spring and summer, especially June, is a great time to sell a home.

Research shows that home sales in May, June, July, and August account for 40% of total annual sales volume.

Total agent fees are usually 6%, with 3% of that going to the seller and 3% going to the buyer.

As the seller, you’ll be responsible for paying your agent through your sale profits. You’ll also pay the commission of the buyer’s agent.

You won’t need to write a bunch of big checks or bring wads of cash to the table. A closing agent will handle the distribution of funds when you close.

They’ll hold money from the buyer in escrow and use it to pay everyone, including your agent.

Sellers usually pay about 8–10% of the total sale price in closing costs. Of that, 6% is realtor commission.

How much you actually get when selling your home depends on a lot of factors, but in general, expect somewhere between 90–92% of the sale price.