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HOME BUYING FAQs

At The Realm Agency, we believe your home should match your lifestyle. We go above and beyond to find you a place you’re going to love. Let us get to know you, so we can handpick the best homes for your lifestyle.

Q: DO I TALK WITH A LENDER BEFORE LOOKING AT HOMES?

Yes, unless you plan on paying in cash!
The benefits of talking to a lender:

  • You can get pre-approved and understand your spending limits.

  • See if you qualify for any first-time homebuyer programs.

  • Discover the costs associated with buying a home.

  • Get financing advice from a mortgage professional.​

 

Q: WHAT IS PRE-QUALIFYING VERSUS PRE-APPROVAL?

  • Pre-qualification means you have an estimate of what you may be able to borrow (quick view of your price range you should be looking at).

  • Pre-approval indicates a financial institution has agreed to work with you and has taken a thorough look at your finances.

 

Q: SHOULD I WORK WITH A REALTOR®?

Yes! Here are just a few of the perks:

  • We will simplify the entire process by providing you with expert advice and guidance.

  • We have access to MLS listings

  • Provide comparative market analysis

  • We negotiate with sellers on your behalf

  • We have preferred partners to make the process easier

 

Q: CAN I BUY A HOME AND SELL MY CURRENT ONE AT THE SAME TIME?

Yes, you most definitely can!

  • We would highly recommend working with a Realtor® from The Realm Agency to help make the transition between selling and buying as smooth as possible.

 

Q: HOW MUCH MONEY DO I NEED FOR A DOWN PAYMENT?

So, the answer may surprise you; it’s no longer 20%!

  • All loans are different and depend on you, but the average down payment is now 3% to 5%

 

Q: HOW MANY HOMES SHOULD I SEE BEFORE MAKING AN OFFER?

That truly depends on you! See as many homes as you need to ensure you find the perfect match.

 

Q: WHEN IS THE BEST TIME TO BUY?

As soon as you are ready!

  • The home buying process may be overwhelming; however, partnering with the right Realtor® can simplify the process, so you can feel comfortable and confident when finding your home.

 

Q: I FOUND A HOUSE… NOW WHAT?

Your Realtor® from The Realm Agency will write an offer for your dream home and then handle the negotiations.

 

Q: HOW QUICKLY CAN I CLOSE?

It can typically take 30 to 45 days to close.

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