What is the First Step? –  Talk to an agent first, they can explain everything you need to do first before you even start the search process.

How Long Does It Take to Buy a Home? – 30 – 45 days of transaction time, however there are a lot of moving parts.

What Exactly is a Seller’s Market? – When prices are on the increase because there is low inventory and high buyer demand.

What’s a Buyer’s Market? –  When prices are on the decline because there is a lot of inventory, therefore giving the buyer more choices.

How Much Will This Cost Me? – It doesn’t cost to have an agent represent you in a purchase.  They are paid through the seller and the listing broker.  So no cost to you for expert help.

What Credit Score is Needed? – That varies on the loan you are getting and the lender you are using.  Generally 620 or higher is better.

How Much Do I Need for a Down Payment? – Several loan programs have several different down payment options, even some with no down payment.  

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This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.