Frequently Asked Questions

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Yes, I offer free property valuation services to help you determine the market value of your property.

The length of time it takes to sell a property can vary depending on a number of factors, such as the location, condition, and price of the property, as well as market conditions. I work diligently to market your property and find the right buyer as quickly as possible.

There are a variety of financing options available for property purchases, such as traditional mortgages, FHA loans, and VA loans. I can connect you with a trusted lender to help you find the best financing option for your needs.

I sell a variety of properties including residential homes, commercial properties, and vacant land.

I provide extensive information about the location of each property, including nearby schools, parks, and amenities, to help you make an informed decision.

No, I don't offer full-service property management for both residential and commercial properties.

You can find out by asking yourself some questions:

· Do I have a steady source of income (usually a job)?

· Have I been employed on a regular basis for the last 2-3 years?

· Is my current income reliable?

· Do I have a good record of paying my bills?

· Do I have money saved for a down payment?

· Do I have few outstanding debts, like car payments?

· Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you are probably ready to buy your own home.Add an answer to this item.

The two really don’t compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing.

Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that’s an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it.

The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

 

Pre-qualification is an informal way to see how much you may be able to borrow. You can be ‘pre-qualified’ over the phone, typically with no paperwork, by telling a lender your income, your long-term debts, and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of the amount you may have available to spend on a house.

Pre-approval is a lender’s actual commitment to lend to you. It involves assembling financial records and going through a preliminary approval process. Pre-approval gives you a definite idea of what you can afford and shows sellers that you are serious about buying.

It can typically take a lender between 1 to 2 weeks to complete the evaluation of your application. It is not unusual for a lender to ask for more information even after your application has been submitted. The sooner you can provide information, the faster your application will be processed. Once all the information has been verified, the lender will call you to let you know the outcome of your application. If the loan is approved, a closing date will be set, and the lender will review the closing with you. After the closing, you’ll be able to move into your new home!

A good faith estimate is an estimate that lists all fees paid before closing, any closing costs, and escrow costs you will encounter when purchasing a home. The lender must supply it within three days of your application so that you can make accurate judgements when shopping for a loan.