Are you a first time home buyer?
If you're a first time home buyer, or you haven't bought or sold a property in over three years, then please review the video presentation below. This 15 minute video details the 8
important steps to buying a home, and stresses the importance of becoming pre-approved for a loan now - even if you're not considering to move until 4-6 months from now.
Can I bid a low price? Our local real estate market is not suffering like other states, and this is mostly
due to the dozen-plus military bases and vast technology businesses and colleges in our area. If a property is in perfect condition, and if it's priced properly, the property will sell
for list price within 30-45 days.
Can I receive closing costs? This depends on the condition and price range of the property. If a property is in perfect condition, then you can only expect to receive $1,000 -
$2,500 in closing costs. If you must have closing costs paid for you, then you will need to purchase a property that may need a fresh coat of paint.
How long does it take to buy a home? If you become pre-approved for a loan now, you can find and move into your new home in as little as 30 days. Any of my preferred
lenders will be happy to provide you with a free credit check and loan approval at no cost or obligation. You can also apply online for free!
What will a lender approve me for? Lenders use a simply formula in determining your "debt-to-income ratio." If you'd like to estimate your qualifying loan amount, click here.
