Looking to Buy?
Frequently Asked Questions
“I am looking to purchase a new home, how do I know how much I can afford?”
Buying a property is a big expense. The best way to know what home you can afford is to speak to your bank or a lender. They will help you look at your DTI ratio, your credit score and discuss with you the rates and loan opportunities that are available. We recommend being pre-approved before officially touring homes, that way we are ready to put in an offer as we come across good opportunities!
“Home many homes should I look at before putting in an offer?”
There is no simple answer. You may look at many places before feeling comfortable with one, or you might find the perfect place in your first tour. The best advice we can give is, to keep a clear notion of your “must-haves”, therefore we can jump on an opportunity as we see one.
“Do I pay the agent’s commission if I am buying?”
Typically, the Seller pays the Realtor’s commission for both the seller’s agent and the buyer’s agent, though they are not required to. If a property has different expectations, we will be sure to keep to inform you.
“Are the prices negotiable?”
Yes! Almost everything in real estate is negotiable. Typically there is a difference between the listing price and the price it sells for. The current market will be a good indicator of how much leeway you can expect. It’s important to note that the price isn’t the only thing being negotiated. Inspections, repairs, fixtures, closing costs and more can be discussed and arranged in various ways. That is why having a good agent that represents you and your needs is particularly important.