
Frequently Asked Questions
When Buying and / or Selling a Home
Question
What is the best month to sell a home?
Answer
The best time to list your home for sale is going to be between the months of March - May. This is the time frame when we are coming off of very low inventory and demand is at its peak for the year.
____________________
Question
What improvements in my home will give the most return on the investment?
Answer
Generally paint and carpet will give you the most return on your investment. This is case by case though and best to have an expert Realtor give you an overall opinion on the best strategy.
____________________
Question
Do I need a 20% down payment to buy a home?
Answer
No. You can buy a home with zero down if you are a veteran. You can go as little as 3% down for conventional financing. 20% down does eliminate the need for PMI but you don’t need to put that much down to buy a home.
____________________
Question
How much are closing costs?
Answer
This depends on which side of the transaction you are on, buyer or seller. Both sides will have their own set of closing costs such as title, attorney, commission, transfer taxes, etc. Your Realtor will be able to give you a breakdown of the fees.
____________________
Question
How long does it take to close on a property?
Answer
This depends on if you are financing the transaction or paying cash. A cash transaction can close in 10 days. A financed transaction takes about 4 weeks.
