We Have Answers For You

A: That depends, of course—on your income and other financial obligations.

A:  Yes, you can—but it’s the real estate equivalent of walking a tightrope.  On the one hand, if you buy a home before you sell the one you’re in, you’re overextended financially; if you sell before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency” in your contract. This means you only agree to buy a home if you can sell the one you’re in. The only downside is if your seller doesn’t agree (which is possible if they want the timing set in stone).

A: Like many answers in this process it depends on what type of Financing you use. If you pay cash it can happen in about a month. Financed purchases typically take 45-60 days to close. The time it takes to close can also be affected by the sellers time table, they may require additional time to find suitable housing.

A:  Most sellers won’t let their homes be shown to “prospects” who are not already preapproved. Getting preapproved also tells you what you are able to afford, and allows you to move faster once you find the home you want.

A: While home shoppers these days can look at hundreds of homes online, they only hoof it to check out 10 homes on average before they put in an offer. 

A: Title insurance is an insurance policy that insures the policy owner against financial loss if the title of the home is not good.