Here are some of the questions our clients have ask most frequently. Don’t see your question listed here?
Ask us here and we’ll get back to you.
-
How can I search the MLS (multiple listing service) myself ?
- What is Earnest Money?
- How soon should I contact a lender?
- What is the best time of the year to buy a home?
- How much do I need for a down payment?
Q: How can I search the MLS (multiple listing service) myself ?
A: Click here and scroll down to the link. It will take you to the MLS where you can enter your criteria. You can print these and send the addresses to us so we can set up private showings.
A: Earnest money is money that you put down, in good faith, showing that you are honestly interest in purchasing the property you’ve made an offer on. The amount varies and it is credited toward your purchase price.
A: You should contact a lender as soon as possible after you’ve decided to purchase a home. Even before looking at any properties. It save you time so that you’re only looking at properties that fit into your budget.
A: Just about any time of the year is the best time. Your personal best time is when you need and want to buy. You may want to talk to your financial advisor, if you think that’s needed, to decide when is a good time for you.
Q: How much do I need for a down payment?
A: That depends. Will you be financing your purchase with an FHA loan (minimum is currently 3.5% of the purchase price) or Conventional (minimum is currently 5% of the purchase price. When you purchase with the minimum down payment remember you’ll have to pay PMI (private mortgage insurance). To avoid that extra amount in your monthly payment you should figure on a 20% down-payment. Discuss this with your lender to decide what’s best for your budget.
