Frequently Asked Questions

How do I get started?

In order to start the home buying process, the first step is to become pre-approved. How you become pre-approved is by meeting with a mortgage lender. Mortgage lenders will require you to fill out an application to best understand your income, credit, and debts to see what you may be qualified for. Reach out if you’d like a referral to my preferred lenders!
How much money do I need saved to buy a home?

When it comes to buying a home you’ll want to have money saved for inspection, appraisal, earnest money, downpayment and most preferably your closing costs. Check out the average cost breakdown below! Inspection: $400-$800, Appraisal: $400-$500 Earnest Money: 1% of Purchase Price Downpayment: 3% of Purchase Price Closing Costs: 3% of Purchase Price (Negotiable)
How much do I need for a down payment?

It depends on what you’re qualified for. A lender will be able to provide you with more clarity based on your situation and what type of financing you’re approved for. Check out the minimum down payment percentage based on loan type breakdown below: Conventional Loans: 3% FHA Loans: 3.5% USDA Loans: 0% VA Loans: 0% First time homebuyers can also qualify for downpayment assistance and other programs to help with gaining funds to close on their first property. Consult with your local lender to see what you may be qualified for. If you need a referral to a mortgage lender contact me today!
What are closing costs for buyers?

Closing costs are costs associated with purchasing your home. Closing costs for a buyer typically include but are not limited to, lender fees, closing/title fees, inspection, homeowner’s insurance and appraisal. Closing costs for a buyer typically equate to 3% of purchase price and can be negotiated by having the seller cover some of the fees at the time of closing.
What are closing costs for sellers?

Seller closings costs include but are not limited to, prorated taxes, mortgage pay-off, and agent commissions. Want to know how much you can make on the sale of your home? Contact me today!
Should I sell before buying?

It’s all depending on your situation. If you sell before you purchase, you’ll either need a place to stay temporarily as your shopping or you will likely need your purchase to be contingent upon the sale of your home first, allowing you to line up your closings for the same day. If you are in a position to buy first and then sell after, that’ll be more beneficial, especially in markets where there’s more competition. If you want to be educated on the various opportunities and options you have in today’s market, reach out today!
What home improvements incur the highest Return on investment?

When it comes to making improvements on your home you want to focus on three things, in this specific order; Functionality, square footage, and design. Functionality: When it comes to functionality the more bedrooms, bathrooms, and storage the better! Square Footage: Anytime you can add square footage to your Design: Be careful how you choose to design your home. You want to play it safe and make sure that your home appeals to the masses! Want to know what to do in your home specifically for top dollar? Book a free consultation today!
What Do I need to do to sell my home for top dollar?

Selling your home can be a little tricky especially if you still occupy the space. My recommendation is to make sure the home doesn’t look like it’s currently occupied during showings and open houses. It’s simple, make sure the home is clean/ decluttered, staged, the photos are done professionally and that it smells good! Want to know my recommendations on getting your home into tip top shape? Let’s chat today!