NextHome Realty Source One

We have found that the biggest mistake is that home buyers make is not getting pre-approved before looking at homes. Buying a home is not like buying a car. Because you are probably going to be borrowing a lot of money, you want to know - upfront - what that is going to cost and how much the bank will loan. Two people who make the same money may actually qualify for different amounts depending on their debt. We have found many home buyers be heartbroken about falling in love with a home, and then find out that the price is way above what the bank was able to loan.

Right now, the home buying is very competitive, and construction costs are making building new homes more expensive. If you are getting beat out, it could mean that your offer is not as competitive as others. Competitive means more than just your offer price. What else you ask for, the timeframe, contingencies, your probability of closing, and even the agent you work with all contribute to the likely-hood of acceptance. Try reducing inspection periods. Try limiting what you ask for. Make sure your agent has a good reputation with other agents. Talk to your loan officer about your certainty of closing and on time. Hope this helps you get accepted

Most people think that they need a 700+ credit score to buy a home. While a higher credit scores does provide more flexibility in your financing options, there are programs, like FHA, that can provide financing down to about 580 - 620. We often recommend that home buyers plan ahead about 6 months, so that they can help boost their credit before buying to get better loan terms.

We are not a lender. We help home buyers find the home and guide them through the unique and complicated process of buying their home. That being said, we have our trusted loan officer partners who specialize in first time home buyer and down payment assistance programs to help reduce the cost of buying a home. You can also check what programs are available to you at : https//downpaymentoptions.info

Selling a home is a unique process. Normally we charge between 5% to 7% depending on the condition of the home, what we need to do to market the property effectively to attract the highest offer, and if this involves coordinating this with another purchase. We do offer discounts to loyal returning clients.

We get this question a lot. Our normal representation fee is 2.5% to 3%. What most buyers don't understand is that we offset this by a cooperative commission paid by the homeowner selling the house. So if we charge 2.5% and the seller pays 2.5% in cooperative commissions, then the home buyer basically pays 0% in representation fees.