10 Most Common Questions Realtors Are Asked
In 201, Millennials made up for 32 percentage of homebuyers, the largest percentage of all homebuyers. 28percent of homebuyers in 2017 were first-time buyers. We are here for you!
If you’re considering becoming a first time home buyer, you will be faced with a number of unfamiliar decisions. Here is the 10 most asked questions to us.
I’m Ready to Buy a Home. What’s next?
We ask that buyers come in to the office to sit down and discuss what they are looking for in ther next home. At this time we can provide lenders if need. Set expectations for both us and you.
How Does My Credit Score Impact My Home Loan?
Credit score effects multiple facats of the home loan. Typically, you need a score of 580 or higher, but we suggest 620 or higher. The higher the score, the better terms you may be eligible for. If your credit isn't quite there yet we can still help you out and setup a game plan for you to become a home owner
How Safe is the Neighborhood?
Even though we really want to give you all the infomation you ask for this is one of the questions we can't answer. Due to the Fair Housing Act, a real estate agent cannot answer questions regarding crime statistics. We suggest to research, the internet can be your friend on crime stats.
How Many Properties Should I View?
This can vary greatly depending on your needs, and wants. There is no set number of homes to few. We have shown properties for 1 day, we have also shown homes for multiple months. We are here for you throughout the process and want to make sure you pick the right one for you!
How Do I Search for a Home?
How Much Do Real Estate Agents Charge?
Buyer's agency is free! Yes no cost to you the buyer! I understand that sometimes this is hard to comprehen but the commission was already agreed upon by the seller. So you as the buyer cannont negotiate this out. It would just go to the listing agent instate.
What Home Service Companies Are Available?
As Internet providers and utility companies vary by location, it is important to know what options are available and how to compare and save money on cable, satellite, or Internet services in your new area. We can point you in the right direction of who to contact.
What Should My Down Payment Be?
This depends on the type of loan, FHA loans require a minimum of 3.5-percent down. The downpayment will depend on your credit history, the type of property, and several other factors. In 2017, the average down payment was 14 percent. We do have lenders that have 0% downpayment on certain homes!
How Long Does the Home-Buying Process Take?
The process varies significantly. Once the offer has accepted, it takes an average of 45 days to close. USDA, FHA and VA loans can take longer.
How Will My Home Purchase Affect My Taxes?
There are multiple of tax benefits to buying a home, but itemizing your tax return can be a long process. Depending on what your accountant suggest you may be able deduct your interest payments, property taxes, discount points paid at closing, interest on home equity loans. Your tax pro can help you decide what to itemize.
Buying a home for the first time can be overwhelming. Working with Mantle can help you get through the home buying process.