Buying a home is an adventure! Whether you’re stepping into homeownership for the first time or upgrading to your dream space, it’s normal to have questions and it all starts with finding the right agent. A great buyer’s agent is your guide and advocate throughout the entire process. They’ll help you navigate the ins and outs of home buying, so you feel supported and informed every step of the way.
Here’s a breakdown of the most common questions I hear from buyers and the answers to guide you along the way:
How do I get started?
Once you choose your agent, the next pivotal step is talking with a lender. Getting pre-approved is your first step. It not only tells you what you can afford but also shows sellers you’re serious and ready to buy. If you don’t already know a lender, an experienced agent can introduce you to trusted lenders that know the local market.
How long does it take to close on a home?
Once contracts are signed, it typically takes 30-45 days to wrap up the lending, appraisal, and inspection processes. Then, it’s all yours!
What does my agent actually do?
Your buyer’s agent is your ultimate advocate. Your agent will help you define the kind of property you are looking for and keep your goals at the forefront of the search. They’ll negotiate the best terms for you and handle the details—from offers to closing—so you can focus on finding The One and then prepare for the upcoming move.
How much does it cost to work with a buyer’s agent?
While once it was free to work with a buyer’s agent, laws have recently changed, and there now may occasionally be a buyer’s agent fee depending on the home you choose. Don’t worry—all fees and terms will be clearly outlined before you view any properties, ensuring there are no surprises along the way.
What credit score do I need?
A FICO score of 620 or higher will open the doors to most home loan programs. If your score is lower, don’t worry—lenders can discuss options that might work for you.
How much do I need for a down payment?
This varies depending on the loan. FHA loans can require as little as 3%, while many standard programs start at 5%. There are so many options!
What other costs should I expect?
Beyond your down payment, budget for closing costs and loan origination fees—typically about 2-4% of the home’s price.
What happens if I change my mind?
Life happens! That’s why your agent will build contingencies into your offer. These safeguards protect you if the home doesn’t meet your expectations during escrow.
When do I get the keys?
At closing, the home becomes officially yours—keys and all! If the seller needs extra time to move, your agent will help you negotiate that in advance.
What’s the best advice for home buyers?
Trust your experts and never hesitate to ask questions. The more informed you are, the more confident you’ll feel in your decisions.
Buying a home is an exciting journey filled with possibilities! With the right agent by your side, every step of the process will feel manageable and even fun. Let’s find a home that checks all your boxes and then some—because you deserve it!