Frequently Asked Questions

Generally speaking, a house takes about 55 - 70 days to sell, including roughly 25 days on the market and 30 - 45 days for the closing process to complete. The time of year has an impact on timing as homes tend to sell faster in spring and early fall than other times of the year. Home condition: Homes requiring repair work don't sell as fast as homes in excellent condition Housing market conditions: Homes sell faster in a seller’s market, when there is lower inventory and higher demand Time on market: You're likely to lose more money the longer your home sits on the market because you’ll still have to pay costs including utilities, mortgage and taxes until the sale closes. Here are some tips to avoid delays in selling your home: Buyer financing: The mortgage process can slow down the turn-around time of a sale so if a buyer needs to get a mortgage, be prepared for it to take some time. How much time? Financing arrangements can take an average of 42 days to close, while cash deals take 1-2 weeks. Focused repairs: Consider making impactful repairs, like painting and adding new carpet which go a long way to refresh a home at a reasonable cost. If you're in a seller’s market and homes are selling like hot cakes, you may not need to make these repairs due to the high demand. Experienced Realtors: Real estate agents can leverage their experience to set a competitive price so consider going with an agent to help you navigate this process. Got another question about selling? Drop us a note and we'll answer as soon as possible.

Buying a new home can give you peace of mind as you sell your old home but it comes with challenges—namely that you could get stuck paying for two mortgages at one time. If it takes longer to sell your house than you expect, this could be a financial burden so consider this as you're making your decision. Got another question about selling? Drop us a note and we'll answer as soon as possible.

You can expect to receive somewhere between 90–92% of the sales price of your home. Consider you will pay somewhere between 5–6% in realtor commissions and 2–4% in fees and taxes. Additionally, if you still owe money on your old mortgage, you will subtract that from your earnings. Additional things to consider: If you agree to pay for any of the buyer’s closing costs this will come out of your sales price. Buyer’s closing costs can be 2–5% of the sale price. On closing day, your funds will be distributed to all the necessary parties. Got another question about selling? Drop us a note and we'll answer as soon as possible.

Real estate agents have in-depth knowledge of the area and they know how your home compares to others in the market. They will know how much you can get for your home and can offer ways to increase its desireability and value. When you are ready to list, they can help ensure your home is priced right, which will help you maximize offers, ultimately selling your home faster. They’ll also take care of items like paperwork, coordinating open houses and other marketing activities. Got another question about selling? Drop us a note and we'll answer as soon as possible.

The buying process takes about 30-45 days to finalize after the acceptance of an offer. There are different factors that can affect the buying process, including the property’s location, buyer demand, economic trends, and other variables. Before closing, some of the things you will need to do include: Getting a home inspection Getting an appraisal Conducting a title search Finalizing mortgage details (if you need a mortgage) Reviewing closing documents Want to speed up the process? We can help you focus your options and negotiate with sellers. Drop us a note and we'll get started today.

Credit Score: Potential buyers with credit scores of 700+ reassure lenders that they can be trusted to repay the loan. You will want to review your credit history and correct any errors before trying to secure a mortgage loan. Prequalify: We recommend that you shop around for different mortgage lenders to find out what types of loans you prequalify for before getting too deep into your home search. This will help you create a budget and start looking for homes within that range. In a hot market it will prepare you to move more quickly if you want to make an offer on a home. Got more questions? Drop us a note and we'll get started today.

A downpayment of 20% is ideal because you can avoid paying private mortgage insurance (PMI). Generally lenders require at least 3% of the purchase price for the sale to go through. Some lenders may require a minimum of 5% eepending on where you live and what kind of mortgage you qualify for. If you’re a first-time buyer or veteran, there are custom programs available to help you finance a home. You can check if you’re eligible for financial programs or loans available through the FHA (Federal Housing Administration) or the VA (U.S. Department of Veteran’s Affairs). If you’re a first-time buyer you may qualify for an FHA loan or a home buying program. Got more questions? Drop us a note and we'll get started today.

Realtors have access to the multiple listing service (MLS) database, which can help you find homes before other buyers. Additionally, because agents are are connected to the local market, they may know about potential properties before they’re officially listed. Agents are more knowledgeable about your area and can save you time and money by narrowing down your best options. A buyer’s agent can help you find homes within your budget, schedule visits to houses you like, and negotiate with sellers. Buying a home can seem overwhelming and confusing, but we can help. Drop us a note and we'll get started today.