FAQs
Read most frequent questions
What is the first step of the home buying process?
The first step is to understand your budget and get pre-approved for a mortgage (if financing). This helps you know how much you can afford and makes your offer stronger when you find a property.
How long does it take to buy a home?
The home buying process usually takes around 30 to 90 days, depending on financing, paperwork, inspections, and negotiations. Cash purchases can be completed faster.
What is a seller’s market?
A seller’s market happens when there are more buyers than available properties. This usually leads to higher prices, faster sales, and more competition among buyers.
What kind of credit score do I need to buy a home?
Most lenders prefer a credit score of at least 620 or higher for a mortgage. However, higher scores can help you get better loan terms and interest rates.
How much do I need for a down payment?
Down payments typically range from 5% to 20% of the property price, depending on the lender and loan type. Some programs may allow lower down payments for qualified buyers.
