FAQs
Especially if it's your first time purchasing a home, I know that the process can seem daunting and you'll have more than a few questions along the way! Don't worry, my friend. I'm here to answer every question (big and small!) that you have at any point. Rest assured that you are 100% taken care of from the moment we meet until the moment you're given the keys, and even beyond! Here are some of the most frequent questions I get.
Generally the deposit is 1% and is paid within 3 days of acceptance. An additional 1% is paid when contingencies are removed.
Yes, if you remove all of your contingencies and later decide you no longer want to move forward with the purchase, your money is at risk.
Your realtor is there to protect your money by staying within the guidelines of the contract and keeping your transaction on schedule.
That is between you and your lender based on the type of loan they set you up with. First time buyers can usually get away with 3%-5%. If you put down 20% of the cost of the home you can avoid mortgage insurance.
Yes you can be considered a first time buyer more than once.
It means the sellers have already accepted an offer. However, if that primary client changes their mind or falls out of escrow due to whatever reason, the sellers can then move to the secondary party that was the backup offer.
