Home Buyers
If you have stable income, good credit, and savings for a down payment and closing costs, you may be ready to buy a home. A consultation with a real estate agent can help assess your readiness.
The first step is getting pre-approved for a mortgage. This helps you determine your budget and strengthens your offer when making a bid on a property.
It depends on the loan type. Conventional loans typically require 5-20%, while FHA loans may require as little as 3.5%. Some VA and USDA loans offer 0% down payment options.
On average, the home-buying process takes 30-60 days after an offer is accepted, depending on financing, inspections, and closing procedures.
Closing costs are fees associated with finalizing the purchase, such as lender fees, title insurance, and home inspections. Expect to pay 2-5% of the home’s purchase price.
Home Sellers
Spring and summer are traditionally the best times, but the market varies. An expert real estate agent can analyze trends and help you sell at the optimal time.
A comparative market analysis (CMA) by a real estate agent or a professional appraisal can provide an accurate estimate of your home’s value.
It depends on the market, but properly priced homes typically sell within 30-60 days. Homes in high-demand areas may sell even faster.
It’s not always necessary, but small upgrades and repairs can make a home more attractive to buyers and increase its selling price.
Sellers typically pay real estate agent commissions (5-6%), closing costs, and any agreed-upon repairs. Your agent can provide a breakdown of expected costs.
📞 Still have questions? Contact us today at 617-668-1007!
