Q: What is a typical time frame, from the time a home is selected, to the time of the closing?
A: Approximately 30-60 days.
Q: How do I know how much I can afford?
A: There are many different variables that determine how much you can afford: your income, credit rating, current monthly expenses, down payment, and current interest rate. Use our Mortgage Calculator to get an idea of how much you can afford.
Q: What is a typical down payment?
A: The range is from 10 to 20 percent, but may vary depending on your credit rating and other conditions.
Q: How do I find the best loan?
A: Shop around as there are a variety of mortgage plans and rates available. Talk to lenders, compare costs and interest rates, and negotiate to get the best deal. Many sellers will look more favorably on buyers who are already pre-approved for a mortgage, so get pre-approved for a loan before you start looking for a home.
Q: What happens after my offer is accepted?
A: You'll need to get a home inspection, which your Wilma Wagner Properties agent can organize for you. This inspection will tell you about the condition of the home and can help you avoid buying home that needs major repairs and expenses.
Q: How do we make our home show its best?
A: First impressions are lasting, especially when you're trying to sell your home. The presentation of your home can make all the difference. Your Boulevard Realty agent will work with you to enhance the highlights. In fact, we've prepared a checklist to help you with curb appeal, maintaining a tidy appearance, kitchens, closets, baths, and other details, both outside and inside, that make a big difference.
Q: Are we responsible for fixing any problems that come up in the home inspection?
A: The purpose of a home inspection is to expose problems, which the seller and buyer must then work together to come up with a solution. Your Wilma Wagner Properties agent will assist you in finding a solution that is acceptable to all parties involved.
Q: What costs are the sellers responsible for paying?
A: Generally, sellers are expected to pay for real estate commissions, document preparation fees for deeds, documentary transfer taxes, any city transfer/conveyance taxes, payoff of all loans in the seller's name, interest accrued to the old lender, statement fees, reconveyance fees and any prepayment penalties, termite inspection, termite work, home warranty, any judgments, tax liens, etc., against the seller, recording charges to clear all documents of record against the seller, tax proration for any property taxes owed at the time of transfer, any unpaid homeowner's dues, any and all delinquent taxes, notary fees, and any bonds or assessments. Your Wilma Wagner Properties agent can help you determine your costs according to the contract.