COMMON QUESTIONS
THE HELP CENTER
HOW MUCH DO I HAVE TO PAY A REALTOR® AS A HOMEBUYER?
Nothing! You do not have to pay me anything to help you purchase a home. The sellers pays my fee for bringing the buyer and facilitating the transaction.
HOW MUCH MONEY DO I NEED FOR A DOWNPAYMENT?
It's a misconception that you need to put 20% down. For a FHA loans, you can put as little as 3.0% down. Conventional loans require 5.0% down and will have private mortgage insurance (PMI). If you put 20% down, you do not pay PMI.
WHAT OTHER FEES ARE THERE, BESIDES THE DOWNPAYMENT?
The downpayment is usually the largest cost associated with buying a house. Lending fees are the second largest costs to homebuyers. Most lenders will charge between 2% of the loan amount for loan origination fees, depending on the loan type. Conventional loans usually have lower loan origination fees, but require more money down. Your loan officer will be able to help you determine how much you can expect to pay towards loan origination and closing costs.
WHAT’S THE FIRST STEP OF THE HOME BUYING PROCESS?
Unless you are paying cash for a house, you will need to get a mortgage. In order to know how much home you can afford, you will need to get pre-approved for a loan. This is the first-step in the home buying process.
HOW LONG DOES IT TAKE TO BUY A HOME?
The timeline for finding a house varies greatly from person to person but on average, buyers view 5-10 homes. Once you find a house and have an accepted offer, it usually takes around 30-45 days to close.
WHAT DO YOU CHARGE TO SELL MY HOME?
Commission ranges from 5.5% to 6.0% of the sale price depending on the home sale package. Please contact me for current pricing.