Frequently Asked Questions

The first step is to get pre-approved for a mortgage. Then, we can help you find properties that fit your needs and budget.  We can put you in touch with one of our reputable lenders to get started.  Contact us today!

Closing costs can vary depending on the property's price and location. On average, they can range from 2% to 5% of the property's purchase price.

Yes, we offer special programs and incentives for first-time homebuyers. Contact us to learn more.

Determining the value of a property involves several factors and methods. Here are some common approaches:

1. Comparative Market Analysis (CMA): This method involves comparing the property with similar properties in the same area that have recently sold. Real estate agents often provide CMAs to estimate a property's value.

2. Appraisal: Hiring a professional appraiser who evaluates the property's condition, location, size, features, and recent sales data to determine its value. Appraisals are commonly used during mortgage financing.

3. Online Valuation Tools: Various websites offer automated valuation models (AVMs) that estimate a property's value based on public records, recent sales, and market trends. However, these tools may not always be accurate.

4. Income Approach: This method is primarily used for commercial properties or rental properties. It involves estimating the property's value based on its potential income and the prevailing market capitalization rate.

5. Cost Approach: This method determines the value by calculating the cost to replace or reproduce the property, considering factors like land value, construction costs, and depreciation.

6. Seek Professional Advice: Consulting with a real estate agent or a property valuation expert can provide valuable insights and guidance on determining a property's value.

It's important to note that property values can fluctuate due to market conditions, location, demand, and other factors. Therefore, it's advisable to consider multiple methods and consult professionals for an accurate assessment.

Closing costs are the fees and expenses associated with the purchase or sale of a property. They typically include various charges such as appraisal fees, title search fees, attorney fees, loan origination fees, recording fees, and taxes. The specific costs can vary depending on the location and type of property.

The responsibility for paying closing costs can be negotiated between the buyer and the seller during the real estate transaction. However, in most cases, the buyer is responsible for paying the majority of the closing costs. This is because the buyer typically obtains a mortgage loan to finance the purchase, and the closing costs are associated with the loan process. The seller may be responsible for certain costs, such as real estate agent commissions or transfer taxes, but these are usually a smaller portion of the overall closing costs.

The time it takes to close on a house can vary depending on several factors, including the complexity of the transaction, the type of financing being used, and the efficiency of the parties involved. On average, it takes about 30 to 45 days to close on a house from the time the purchase agreement is signed.

During this time, several steps need to be completed, including:

1. Mortgage application and approval: If you are obtaining a mortgage, you will need to complete the application process and provide all the necessary documentation. The lender will then review your application, order an appraisal, and underwrite the loan.

2. Home inspection and appraisal: It is common for buyers to have a home inspection to identify any potential issues with the property. Additionally, the lender will require an appraisal to determine the value of the home.

3. Title search and insurance: A title search will be conducted to ensure there are no liens or other issues with the property's title. Title insurance will also be obtained to protect against any unforeseen title issues.

4. Loan processing and underwriting: The lender will process your loan application, verify your financial information, and underwrite the loan to ensure it meets their lending criteria.

5. Closing documents and finalizing details: Once the loan is approved, the closing documents will be prepared, and any outstanding details, such as repairs or contingencies, will be addressed.

6. Closing day: On the closing day, you will sign all the necessary paperwork, pay any remaining closing costs, and officially take ownership of the property.

While 30 to 45 days is the average timeframe, it is important to note that it can vary. Delays can occur due to various reasons, such as issues with financing, title problems, or unexpected repairs. It is advisable to work closely with your real estate agent and lender to ensure a smooth and timely closing process.

A condo, short for condominium, is a type of housing where individuals own their individual units within a larger building or complex. The common areas and amenities, such as swimming pools, gyms, and parking lots, are shared among all the residents and are maintained by a homeowners' association (HOA). Condo owners are responsible for the maintenance and repairs of their individual units.

On the other hand, a townhouse is a type of housing that typically consists of multiple floors and shares at least one wall with another unit. Townhouses are usually arranged in rows or clusters and can be standalone structures or part of a larger complex. Townhouse owners own both the interior and exterior of their units, including the land it sits on. They are responsible for the maintenance and repairs of their units, as well as any shared areas, such as driveways or yards.

In summary, the main differences between a condo and a townhouse are ownership structure, shared amenities, and maintenance responsibilities. Condos involve individual ownership of units within a larger building or complex, with shared amenities and maintenance responsibilities. Townhouses, on the other hand, are standalone or attached units with individual ownership of both the interior and exterior, including shared areas, and owners are responsible for maintenance.

We work tirelessly for our clients.  If you are looking to purchase a home we will negotiate the best price possible for you.  Our clients best interest is our top priority. Call us today to see what we can do for you.

If you are looking to sell your home we will utilize the numerous resources we have at our disposal to sell your home as quickly as possible for the highest amount possible.  Your best interest is always our top priority.  If you are looking to sell and upgrade to a bigger home we can also facilitate that transaction so that it is smooth and seamless.  Contact us today!