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Property transactions can be complex, so we are here to answer any questions you might have

Frequently Asked Questions

Am I ready to be a homeowner?

It's no secret that there is a lot of responsibility that goes into home ownership. Maintenance, mortgage, insurance, etc. Despite all of the other factors that determine homeowner readiness if your financial house isn't in order now is the time to get it there. Purchasing a home requires being able to qualify for a mortgage payment that doesn't make you too poor to enjoy life. If you're not sure, reach out to us we can put you in touch with experts that can advise you based on your situation.

Is renting or buying better?

This is an age old question and really depends on your individual situation. A lot of factors can go into a big purchase such as a home so it's important to make the best informed decision that you can. While renting can provide the flexibility and freedom of not being tied down it doesn't provide you with an asset that can help grow your net worth either. Talking to an active licensed realtor can help determine what may be best for your situation in the current market.

What should I look for in a home?

There is definitely a lot of personal preference that goes into this one. At a minimum though we always recommend asking questions about the home to help identify any potential issues down the road. Additionally, homes are really a subsection of the neighborhood so take a good look at the area, schools, and commute and factor those things into your decision.

Do I need a home warranty?

Typically not required but, whether you purchase it or request it as part of the sale, a home warranty can go a long way towards covering any unforeseen issues that may arise with the home. This is especially true during the first year when funds might be a little tighter due to your recent home purchase.

What should I expect at closing?

For everything to run smoothly, at least that's what we all should expect. The reality is that sometimes there may be small things that the lender will ask for last minute. Be prepared for this. It can be stressful and seem like a bit much but it happens often enough that it can be a normal expectation as part of the process. Either way, if your documents and finances are organized and easily accessible then you can stay ahead of last minute asks.

What is pre-approval?

Pre-approval is basically a letter stating that a bank or lender has determined that they are willing to loan you a certain amount of money toward your purchase at a particular rate based on your financial circumstances. Having a pre-approval letter can significantly increase your odds at having an offer accepted from a seller. If you need help getting a pre-approval letter reach out to us and we can put you in touch with people that can help.

What should I offer?

This is a "depends" question that is oftentimes tied to the current market conditions. For instance, in a seller's market demand for homes outpaces inventory, so offering less than asking price may not get you very far. On the flip side, in a buyer's market demand is lower than inventory, so buyers can reasonably offer less than asking among other things such as closing costs, etc. A good realtor can advise on the recommended approach for the current market.

Can I ask you for advice?

Absolutely! That's one of the reasons that we're here. As a matter of fact, if you have a question that's burning inside of you right now, you can click the button below. Each question will go directly to a licensed agent who can help get you an answer.

Still Have Questions?

Still have unanswered questions? Don't hesitate to reach out, because we're always happy to help! Click the button below and fill out the form, and a member of the Pier 24 team will be in touch shortly to assist you.