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Buying FAQ's

I am a "first time buyer" - and have no idea what I can afford.

Your realtor, along with the help of a reputable lender, should ask you for information regarding your monthly income and expenses in order to determine both what you can afford and how much of a loan you qualify for. This process, referred to as "Prequalification", generally includes reviewing your credit report.

What if my credit is less than perfect, or even worse, I have bad credit?

Lenders come across all kinds of credit situations, remember, they are in the business of loaning money! There are a number of programs available to help with most situations. The best thing is to be completely upfront with your agent and lender and let them go to work for you.

When can you tell me how much I need to complete the sale, or close excrow?

Your agent, along with help from your lender, and sometimes the title company, can give you an "estimated" pre-closing statement on the amount you'll need to anticipate coming up with, by the close of escrow, right from the beginning of the transaction.

Besides seeing the lender, writing the offer, and the escrow paperwork, is there more?

YES! Your agent will assist you with going through the required "disclosure statements", order the necessary "inspections", and talk about the "home warranty", as well as other important issues.

The best way to take the worry out of this important decision is to seek the help of a professional.