Here are the most frequently asked questions about buying

The initial step is obtaining a mortgage pre-approval. This process helps you understand your purchasing power and demonstrates to sellers that you’re a serious buyer. A lender will assess your financial situation and provide a pre-approval letter, which strengthens your position when making offers.

Down payment requirements vary based on the loan type and property price. While conventional loans often require 20%, there are programs available that allow for as little as 3% to 5% down. It’s essential to consult with a mortgage professional to determine the best option for your financial situation.

The home buying timeline can vary, but on average, it takes about 30 to 45 days from the time your offer is accepted to closing. Factors such as market conditions, financing, and inspections can influence this timeframe.

While it’s possible to purchase a home without an agent, having a professional by your side offers numerous benefits. A real estate agent provides market expertise, negotiates on your behalf, and guides you through the complex buying process, ensuring a smoother transaction.