Frequently Asked Buyer Questions
What's the first step to buying a home?
The first step is getting pre-approved for a mortgage. This helps you understand your budget, strengthens your offer, and shows sellers you’re serious.
Should I buy or continue to rent?
Should I sell my current home before I buy?
Do I really need an agent when buying a home?
Who pays the agent fees when buying a home?
How many homes should I look at?
Can I ask how old something is?
What's the common response time frame for an offer?
Do I really need to do a final walk-through?
Is the closing date our moving-in date?
Additional Questions
How much should I put down?
A 20% down payment is often ideal to avoid private mortgage insurance (PMI), but many loan programs allow as little as 3–5% down. You may also qualify for special loans depending on your class status. Talk with your lender, they can help you choose the right option for your finances.
What costs should I expect besides the down payment?
Does my mortgage always stay the same or does it change?
What is escrow, and how does it work?
Should I get a home inspection?
What is earnest money, and do I get it back?
Can I back out after making an offer?
What's the difference between pre-qualification and pre-approval?
Have More Questions? We're Here to Help.
Founder, Realtor® | License ID: SP20072