Buying a home comes with many questions—especially if it’s your first time. This Buying a Home FAQ covers the most common concerns homebuyers have, helping you understand the process, avoid surprises, and move forward with confidence.
The first step is understanding your budget and getting pre-approved for a mortgage. Pre-approval helps you know how much you can afford and shows sellers that you are a serious buyer.
While it’s possible to buy without an agent, working with a buyer’s agent is highly recommended. A buyer’s agent represents your interests, helps you find suitable homes, negotiates on your behalf, and guides you through contracts and closing.
Down payment requirements vary by loan type. Some programs allow as little as 3–5% down, while others may require 20% or more. Your lender can help you explore the best options for your situation.
Closing costs include fees for lenders, appraisals, inspections, title services, and taxes. These typically range from 2–5% of the home’s purchase price and are paid at closing.
From offer to closing, the process usually takes 30–60 days. However, timelines can vary depending on financing, inspections, and market conditions.
A home inspection evaluates the property’s condition, including structure, systems, and safety issues. While not always required, inspections are strongly recommended to identify potential problems before finalizing the purchase.
Yes. Buyers can often negotiate price, closing costs, repairs, or contingencies. A skilled buyer’s agent can help you craft a strong offer based on market data.
On closing day, final documents are signed, funds are transferred, and ownership is officially transferred to you. Once complete, you receive the keys to your new home.
Still have questions?
Buying a home doesn’t have to be confusing. Working with an experienced buyer’s agent can help you get personalized guidance and answers tailored to your situation.
