FAQ's

Buying
1. Q: What is the first step in buying a home?
A: The first step is to get pre-approved for a mortgage. This will give you an idea of how much you can afford and will also make you a more attractive buyer to sellers.

2. Q: How do I find the right neighborhood?
A: Consider factors such as schools, commute time, safety, and local amenities. Our website also has a neighborhood guide section that can provide more information.

3. Q: What is the difference between pre-approval and pre-qualification?
A: Pre-qualification is an estimate of how much you can afford, while pre-approval is a formal commitment from a lender to lend you a specific amount.

Selling
1. Q: How do I determine the value of my home?
A: We can provide you with a complimentary market analysis, which will give you an estimate of your home's value based on recent sales of similar homes in the area.

2. Q: What are the costs associated with selling a home?
A: The costs may include real estate commissions, closing costs, and any repairs or staging needed to prepare the home for sale.

3. Q: How long does it take to sell a home?
A: The length of time it takes to sell a home can vary depending on factors such as the condition of the home, the price, and the local market conditions.

General
1. Q: What is the difference between a real estate agent and a Realtor?
A: A Realtor is a member of the National Association of Realtors and adheres to a strict code of ethics.

2. Q: How do I find a real estate agent?
A: You can ask for referrals from friends or family, or search online for agents in your area.

3. Q: What is a multiple listing service (MLS)?
A: An MLS is a database of properties for sale, which allows real estate agents to share information and cooperate with each other.

 Mortgage and Financing
1. Q: What is the difference between a fixed-rate and adjustable-rate mortgage?
A: A fixed-rate mortgage has a fixed interest rate for the life of the loan, while an adjustable-rate mortgage has an interest rate that can change over time.

2. Q: How do I qualify for a mortgage?
A: You will typically need to meet certain credit score and income requirements, and provide documentation such as pay stubs and bank statements.

3. Q: What is private mortgage insurance (PMI)?
A: PMI is insurance that protects the lender in case you default on the loan. It is typically required for borrowers who put down less than 20% as a down payment.