Delanie Schembra - Head Agent
Devon Hicks - Buyer Specialist
Rosie Berzenye - Transaction Coordinator
When purchasing a home using financing such as a conventional, FHA, or VA loan, you can expect the process to take anywhere from 35-45 days once your offer has been accepted.
The amount you will have to pay in closing costs can vary greatly depending on a number of factors, but as a rule of thumb you should plan for at least 2%-5% of the purchase price.
YES! You should always, always, ALWAYS, have a third party home inspection conducted on any home that you purchase.
A home inspection provides information on the home's condition beyond what you may be able to see during a tour.
In our professional opinion, it's best to have a pre-approval letter in hand BEFORE you start looking at houses.
Without a pre-approval letter, most sellers will not even consider your offer, especially in such a competitive market as this.
So, imagine finding your dream home and wanting to submit an offer but your pre-approval is not ready to go. By the time you reach out to a lender and get the process started, it's very likely someone else will have swooped in.
You can save yourself a lot of heartache and frustration but having all of your ducks in a row before beginning your search!
The amount of money you will have to put down hinges on several factors regarding your qualifications, the type of loan you select, and any special programs your lender may offer.
In many cases you can expect to put as little as 3%-5% down, however, there are several programs out there that offer zero money down!
Make sure you speak with your lender, or shop around for any special programs you may qualify for.