Top Home Buyer Questions

The following are the most common questions I receive from first-time home buyers. If you or anyone you know is planning to buy a home, contact me today. I will be happy to discuss any of this information in more detail…

  1. I’m a first-time buyer, what is the best advice you can give me? Work with a trusted real estate agent. You need someone who has experience working with first-time buyers, and who keeps up with the latest information that could impact your home buying experience.
  2. What do I need to do first? Getting pre-approved for a mortgage is first thing to take care of in the home buying process.
  3. What about my credit score? In order to buy a home, you need a minimum score of 580. 620 and over is preferred by many lenders.
  4. How much money is required for a down payment? This depends on your credit score and type of loan you choose. Your down payment could range from 3% to 20% down or more. Most lenders require at least 3%.
  5. Are there any additional costs involved in buying a home? Yes, you will be responsible for closing costs and loan origination fees.
  6. How long is the home buying process? Consult with your lender for thorough details, though typically it takes between 30-45 days.
  7. Can you provide me with details on special loan programs? Absolutely! Contact me today and I will be happy to go over this information with you, and put you in touch with a lender.
  8. What does a real estate agent do? Any number of things including researching homes on a daily basis to find your dream home, to coordinating with the seller’s agent, lender and more.
  9. How much does a buyer have to pay a real estate agent? Nothing. That’s why it makes so much sense to work with an agent. Buying a home is free as it pertains to commissions.  
  10. So when do I get the keys to the house? You will receive the keys at closing, and you can start enjoying your new dream home right away.

Contact me today at 817.690.0976 for a consultation. I will be happy to answer any questions you may have about the home buying process, and/or help you find your dream home!

Pam Snowden

Realty World Professionals

817-690-0976 (cell)

Image courtesy of Mark Moz/