How do you purchase a home?
Knowledge Is Power.
The process of buying a home has plenty of twists and turns. You’ll need to learn some new terms, apply some new concepts, and as your agent I'll help you with all of this so you can emerge at the end of the day with a house you’re proud to call home.
BUYER FAQ:
How much do I need for a down payment?
Many buyers in the Seattle and Eastside market put down between 3% and 20% of the purchase price, depending on the loan program. First-time buyers may qualify for low-down-payment options, while repeat buyers or investors often choose higher down payments to strengthen their offers.
What credit score do I need to buy a home?
Most lenders look for a minimum credit score around 620, but many loan programs offer better rates and options once your score is 700 or higher. I can refer you to a trusted lender who can help you understand exactly where you stand and what improvements could increase your buying power.
How much are closing costs for buyers?
Buyer closing costs in King and Snohomish Counties typically range from 2% to 3% of the purchase price. This usually includes lender fees, title insurance, escrow fees, prepaid taxes, and home owners insurance.
What is the first step in the home buying process?
The first step is getting pre-approved with a lender. This tells you how much you can afford and shows sellers you’re a serious, qualified buyer. See more information in my Buyer's Guide.
How long does it take to buy a home?
From accepted offer to closing, most transactions take about 30 to 45 days. However, the home search itself can take anywhere from a few weeks to several months, depending on inventory and your specific needs.
Do I need a real estate agent to buy a home?
83% of personal wealth comes from home equity so it is wise to use an experienced agent who can help you make sound real estate decisions. I will provide you with professional representation, negotiation support, and local market insight. I can also help you avoid costly mistakes and compete more effectively in multiple-offer situations.
Want To Learn More About Buying?
If you’re in the market to buy a home or you’re just a real estate aficionado at heart, take a look at My Blog and/or check out the Windermere Blog for tips, articles, and advice on a variety of home buying topics.
Get Ready To Buy
Whether you’re a first-time buyer or a seasoned pro, there’s a lot you can do before you even kick-start your home search. As the saying goes, preparation is the key to success, so read on to learn more about the basics of home buying and how to get started.
Financing a Home
If you’re thinking about buying a home, the first – and most important – step is the financing because you can’t do anything until you know how much you can afford. My Financing a Home page will help you understand the ins and outs of home loans so you can start out on the right foot.
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