FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Being a homeowner requires financial stability, a good credit score, and readiness for ongoing costs. Consulting with a real estate expert can help you assess your preparedness.
Is Renting or Buying Better?
Renting offers flexibility, while buying builds equity and provides long-term stability. The best choice depends on your financial goals and lifestyle.
What Is the Lender's Formula?
The lender’s formula is used to determine how much you can borrow. It considers your income, debt, credit score, and monthly expenses to assess your loan eligibility.
What Do I Look for in Homes?
Look for location, size, layout, condition, and amenities that match your needs, lifestyle, and budget. Consider future resale value as well.
Do I Need a Home Warranty?
A home warranty is optional but can provide peace of mind by covering repair or replacement costs for major appliances and systems.
What Should I Expect at Closing?
At closing, you’ll review and sign final documents, pay closing costs, and officially take ownership of the property.
What Is Pre-approval?
Pre-approval is a lender’s confirmation of how much you can borrow, giving you a clear budget and stronger negotiating power when buying a home.
Am I Ready to Rent?
Being ready to rent means having a stable income, a good credit history, and enough savings for the security deposit and initial rent payments.
What Should I Offer?
Your offer should be based on the home’s market value, condition, and comparable sales. Factor in your budget and be prepared to negotiate
Can I Ask You for Advice?
Absolutely! We’re here to guide you through every step of your real estate journey with expert advice and personalized support.