We Simplify

Navigating the world of real estate can be overwhelming we are here to simplify it for you.

Frequently Asked Questions

Most frequent questions and answers

How much can I afford?

The journey to homeownership starts by understanding how much you can afford. One major thing to consider is your down payment. Most buyers are under the assumption that they will need to have 20% of the purchase price in cash as a downpayment. But, now consumers can choose from several outside of the box options that can offer as low as 0% down. For more information about a mortgage that is right for your needs, please contact us and we can set up an appointment with our trusted mortgage broker.

Pre-qualification Vs. Pre-approval

Pre-qualification and pre-approval are two terms you’ll hear frequently when preparing to buy a home; however, they are not interchangeable. Pre-qualification is a simple estimate of how much you could afford, whereas pre-approval is when you get your mortgage loan amount approved. You don’t need to be pre-qualified to start looking for a home, but you will need to be pre-approved before you begin negotiating. So it’s best to get this part out of the way early.

Do I Need a Home inspection?

As a buyer of a property, it is always suggested that you obtain an inspection of the home you are purchasing. This inspection will give you a detailed report about the age and condition of the home as well as any obvious defects, damage, and suggested repairs. You typically have 17 days after your offer is accepted to obtain your inspections, review your report and negotiate any repairs or credits with the sellers.

What is Escrow?

Escrow is a third-party service that provides the buyer and seller with a means of protection in the handling of funds and/or documents during the home buying process. escrow enables the buyer and the seller to transact business with each other through a neutral party, thereby minimizing their risk. During the escrow process, all parties involved give their instructions to this neutral intermediary, the “escrow holder,” whose duty it is to assure that no funds or property will change hands until all instructions have been carried to completion. For more information on the escrow process, please contact us and we can set up an appointment with our trusted escrow officers.