I don’t have the cash to purchase a home. Can I still be a homebuyer?

Absolutely! There are several different financing options for non-cash buyers. I will put you in touch with a lender who can tell you what loan is best for your financial situation.

What kind of credit score do I need to buy a home?

Most lenders look for at least a 620 credit score. As you can imagine, the better the credit, the more favorable your lending terms will be. Loan terms are always changing; there are some lenders now that will accept credit scores as low as a 580, sometimes lower. Your loan officer is truly your best source of information to answer all of your lending requirement questions.

How many homes should I look at before making a decision?

Great question! That is up to you. On average, home shoppers typically view between 8-10 homes before making their decision. This will vary per person and family.

My offer to purchase a home was just accepted. What’s next?

I will provide you a thorough checklist and handout to walk you through each step until you get the keys to your new home. However, in short, the first two things we want to do are: 1. Collect the earnest money deposit. 2. Schedule the home inspection.

How soon after my offer is accepted will I know how much money I need to bring to closing to cover closing costs and pre-paids?

A lender is required to disclose to you three days after loan application an estimate for closing costs. Your final figure will be disclosed to your later in the application process.

Do I have to get a home inspection?

You are never mandated to get a home inspection but it is highly recommended.

I’m buying new construction, so I an buy the home on my own, right? -or- Do I need a Realtor if I’m buying a new-construction home?

False! It is better to have a real estate agent, also called a Realtor, working for you. Having an agent represent you as a buyer costs you nothing! But, having an agent negotiate on your behalf can save you thousands.

What is better to buy — a new construction or resale home?

This truly is up to the home shopper and will vary by family. There are pro’s and con’s with each side. With resales the home has had time to settle and sometimes buyers are able to see any foreseeable issues the home may have. New Construction homes are brand new! You can customize them and make them your very own and many times, they come with warranties, so if the home does have issues, the buyer can contact the builder.

When do I get the keys to my new home?

At the closing table!

I need to sell my home before buying a new home. Is that a problem?

It is recommended you start the process of actively looking once your home has gone under contract or is sold. It is common that buyers are also active sellers.