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Frequently Asked Questions
Q: How do we start the Purchasing Process?
A: Contact a mortgage lender and get preapproved so that we can submit a letter with our offer.
Q: How do I know what to offer?
A: Prepare a Market Analysis of the subject property, along with any history (past listings, sales prices, tax information).
Q: How do we make an offer?
A: Submit an offer in writing to the listing agent and begin the negotiating process, to finally arrive at a sales prices agreeable to both parties (buyer and seller).
Q: How long will it take to complete the process?
A: Time depends on a number of things including the following:
- Buyer has all documents ready for the loan officer
- A timely appraisal and survey
- Type of Loan: conventional, FHA or VA
- A timely Home Inspection and submission of repair requests and repairs
accomplished
- A closing can take as short as one week or as long as a month under
normal circumstances
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