COMMON QUESTIONS
HOW DO YOU PREPARE YOUR FIRST MEETING WITH A REALTOR?
What to Expect (and Do) During Your First Meeting with a Realtor®
Be Prepared to Talk About Finances. ...
Discuss Your Must-Haves With a Property. ...
Create a List of Questions for the Realtor® ...
Come Prepared to Listen. ...
Find a Realtor® Who Meets Your Individual Needs.
WHY SHOULD I ADD REAL ESTATE TO MY PORTFOLIO?
Real estate is a distinct asset class that many experts agree should be a part of a well-diversified portfolio. This is because real estate does not usually closely correlate with stocks, bonds, or commodities. Real estate investments can also produce income from rents or mortgage payments in addition to the potential for capital gains.
WHAT SHOULD YOU DO BEFORE EVEN THINK ABOUT BUYING YOUR FIRST HOME?
Consider the type of residence that will serve your needs, what you can afford, how much financing you can secure, and who will help you conduct your search. Buying a home involves finding the property, securing financing, making an offer, getting a home inspection, and closing on the purchase.
HOW LONG DOES MORTGAGE PRE-APPROVAL TAKE?
The wait for an answer depends on the lender. Some lenders advertise same-day approval, while others may take a few days or a week. Keep in mind that the terms “pre-qualified” and “pre-approved” may have different meanings among lenders and may be used largely interchangeably, so how long they take can also vary. It's important to make sure what the lender is actually doing: pre-qualification, or the deeper pre-approval.
DO REALTORS HELP NEGOTIATE FOR YOU?
An agent doesn't just show you homes; they are also a crucial asset when negotiating the best price and helping you decide how much to offer. Real estate agents are experts in your local housing market.
WHO PAYS FOR CLOSING COSTS?
Closing costs are paid according to the terms of the purchase contract made between the buyer and seller. Usually, the buyer pays for most of the closing costs, but there are instances when the seller may have to pay some fees at closing too.