FAQ

When thinking about home buying, you first need to know how much home you can afford. This way you don’t waste your time searching for properties that are not within your budget.
On average, it takes 11 weeks to buy a home, from searching to closing the deal. Factors such as market conditions and the availability of funds can cause this to vary.

Buyers pay agents little to nothing when purchasing a home. This is because buying agents are compensated by the broker for bringing buyers.

Most loan programs would expect you to have a FICO score of 620 before giving the loan. Higher scores also give you a better chance of securing a loan and a more favorable interest rate.

On average, 11% of the home fee is required as a down payment. First time home buyers, however, don’t require big down payments with a 4% average.

You can decide to check as many homes as you want before buying one. People often can check the pictures before physically inspecting the property.
Your written letter should state how long the home seller has to respond. You can move on after the stipulated time is elapsed.
If you are financing your home with a VA loan, then home inspection is compulsory. However, it is not required for other mortgage programs. To be on the safe side, order a home inspection to check for defects.
Usually, when a home seller rejects an offer, they present a counter offer. You can review and decide to accept or present them with your counteroffer until a deal is reached.
If you need the build-up equity of your current home to be applied as a down payment, then it should be sold. If not, you can decide to make your home an investment property and rent.