Buyer Questions and Answers
Q) How do I know if I can afford to buy a home?
A) Talk to a mortgage professional. They will go over your finances with you and let you know what your options are for purchasing a home.
Q) After I get pre-approved then what?
A) Contact Stovroff & Taylor Realtors to let them know you are ready to begin house shopping! Your Stovroff & Taylor Realtor will meet with you to discuss your needs and goals, and to plan the search for your new home.
Q) How do I select my real estate agent?
A) You can start by asking your friends and family if they have any recommendations. You will want your real estate agent to listen to and understand your needs. Your real estate agent should know the market and have resources and contacts that will help you in purchasing your home. Overall, you will want to choose an agent that you feel comfortable with and can provide all the knowledge and services that you need. Should you decide to use a Stovroff & Taylor Realtor we would consider it an honor to represent you. Please see our Buyer Service Plan for more details.
Q) How an I find out about local schools?
A) You can get information about local school by contacting the city or county school board or the local schools directly. Your real estate agent would also be knowledgeable about schools in the area.
Q) How many homes should I look at before choosing one?
A) There is not set limit. You should visit as many as it takes until you find the right one. Some buyers are able to do this by visiting 4 or 5 homes and others it may take as many as 15 before you find the one you are looking for. Communication between your agent and you will help keep the number down.
Q) Once I find the home I want how do I know if it is priced right?
A) Your real estate agent will be able to show you market comparisons of homes similar to the one you want to buy to help you determine a fair and reasonable offer price.
Q) How do I make an offer?
Your real estate agent will assist you in making an offer, which will include the following information:
Complete legal description of the property
Amount of earnest money
Down payment
financing details
Price you are offering
Proposed move-in date
Proposed closing date
Details of the deal
Once your real estate agent has successfully negotiated a satisfactory contract on your behalf all parties will need to sign the contract before sending to the attorney for approval.
Q) Do I need to be present for the home inspection?
A) It is not required but it is a good idea. If you are moving from out of town and it is not possible we would recommend you have a friend or family member go to your home inspection on your behalf. At the conclusion of the home inspection the inspector will be able to go over the results or answer any questions you may have. Remember, the result of a home inspection is not the time to renegotiate the home. The intension of a home inspection is to identify if there are any major problems that need to be addressed and also to familiarize yourself with the maintenance of your new home.
Q) What are the right and wrong questions to ask my real estate agent?
A) There are no wrong questions. Buying a new home is a big deal and one we don't do everyday. Stovroff & Taylor Realtors understand this and are ready to answer ANY questions you may have. We welcome the questions! Ask away!
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