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Updated by Kyle Hiscock on Dec 26, 2018
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Kyle Hiscock Kyle Hiscock
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Home Buyer 101: Top FAQs Asked By Buyers Answered!

Listly by Kyle Hiscock

As a real estate agent, often you will be asked the same question over and over again by home buyers.
Questions such as:
Can I find a rent-to-own property?
Do I need a Realtor?
Who pays the Realtor fees?
When is the closing date?

These are just a handful of questions that are asked very frequently by home buyers that real estate agents hear often. Here are articles answering the top FAQs from home buyers!

Source: http://www.rochesterrealestateblog.com/top-frequently-asked-questions-home-buyers/

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Top 5 Reasons A Mortgage Is Denied After Pre-Approval

Top 5 Reasons A Mortgage Is Denied After Pre-Approval

One of the most important steps to successfully purchase a home is to get pre-approved for a mortgage before shopping for homes. The primary reason to get pre-approved for a mortgage before shopping for homes is to ensure you're looking at homes that are within the price range that you can afford.

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Top Frequently Asked Questions From Home Buyers

Top Frequently Asked Questions From Home Buyers
Whether a buyer is purchasing their first home or their fifth home, the home buying process can create many emotions and feelings. One of the best ways to ensure the process is not overwhelming for a buyer is to be well educated and properly prepared for the process.
5

What Costs Are Involved With Buying a Home?

What Costs Are Involved With Buying a Home?
Buying a home is one of the most exciting times in any persons life, regardless if it is the first home or the tenth home they have purchased. Often times a buyer (particular first time buyers) doesn't stop and think about what the costs and fees associated with buying a home are.
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Should I Continue To Rent Or Buy A Home?

Should I Continue To Rent Or Buy A Home?

Should I continue to rent or buy a home? This is one of the most FAQs from home buyers. There are some real estate agents out there who will tell every potential home buyer that buying a home is the best idea, which is not the case.

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The 10 Most Common Home Buyer Questions | Real Estate FAQ's

The 10 Most Common Home Buyer Questions | Real Estate FAQ's
Buying real estate is exciting and terrifying, all at the same time. There are many steps to the home buying process and each step creates a new set of questions.
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What Are Some Frequently Asked Questions When Buying a Home?

What Are Some Frequently Asked Questions When Buying a Home?
What is a buyer's representative? Return to top Return to top How does an Accredited Buyer's Representative (ABR®) differ from other buyer's representatives? Return to top Return to top Return to top What services are provided by a buyer's representative? Return to top How do I find a buyer's representative in my area?
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What Questions Should I Ask When Buying A Home?

What Questions Should I Ask When Buying A Home?
It is a database of real estate for sale used by Realtors. The Chicago MLS has great search functionality that allows for you to find listings according to specific parameters. For more information, please visit our Chicago MLS page. Your Dream Town Realtor® will refer you to a mortgage broker who will be happy to pay your closing costs.
6

Should I Buy a Property Before Selling My Existing?

Should I Buy a Property Before Selling My Existing?
Buying a home before selling existing property you own is one of those real estate topics that I know gets debated quite a bit at the kitchen table all across America. It often happens unexpectedly.
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How Do I Interview A Realtor When Buying A Home?

How Do I Interview A Realtor When Buying A Home?
Buying a home is not the same as selling a home. The process is different, the feelings you experience are difference, and the emotions are different. Since buying a home is different than selling a home, it's obvious that the qualities you should look for when hiring a real estate agent are going to be different as well.
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Who Pays the Realtor Fees When You Buy a House?

Who Pays the Realtor Fees When You Buy a House?
Posted by Andrew Fortune on Monday, October 27th, 2014 at 7:52am. One of the most common questions that I hear when I am working with first-time home buyers is, "How do you get paid as a Realtor?"
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What Should I Consider When Purchasing A Short Sale?

What Should I Consider When Purchasing A Short Sale?
A short sale is the sale of real estate in which the proceeds from the sale are less than the balance of debts secured by liens against the property and the home owner cannot afford to pay the liens in full. Short sales can be very tricky, no doubt about that.
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How To Choose The Right Neighborhood When Buying A Home?

How To Choose The Right Neighborhood When Buying A Home?
Whether comparing people, homes, cars, or neighborhoods, each and every one is going to be different. When purchasing a home there are many things that should be considered. Everything from how much to spend on a home, to the process of selecting the "right" real estate agent, and everything in between.
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How Do Schools Impact Home Values?

How Do Schools Impact Home Values?
There is no denying that the quality of nearby schools can impact the price of a home. But while this fact has always been somewhat of a given in the real estate industry, recent statistics now demonstrate just how much of an impact school quality has on real estate.
12

What Happens After My Offer Gets Accepted?

What Happens After My Offer Gets Accepted?
Your real estate agent calls you and gives you the great news, your offer has been accepted ! Now what? Buyers often ask, why from acceptance does it take so long to actually close? Generally a real estate closing takes 60 days from offer acceptance to closing.
13

Is a Final Walk Through Necessary?

Is a Final Walk Through Necessary?
Posted by Debbie Drummond on Sunday, January 18th, 2015 at 10:16pm. You found your home and arrived at an agreeable price. You had an inspector verify that everything is in good working order. The sellers did the repairs that the inspector suggested. The loan is "clear to close".
14

How Much House Can I Afford to Buy?

How Much House Can I Afford to Buy?
One of the first questions that a home buyer asks is, "How much house can I afford to buy?" It's best if this important question is answered from the very beginning of the home buying process. That's why we refer a home buyer to one of our preferred lenders before we even take them out to look at homes.
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What is Homeowners Insurance and Why Do I Need It?

What is Homeowners Insurance and Why Do I Need It?
Homeowners insurance creates a financial shield to protect your home in the event a disaster occurs. With all the things that could possibly go wrong, having a way to protect yourself is crucial. A typical homeowners policy insures not only the home itself, but also the possessions within.
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What Should I Expect From A Home Inspection?

What Should I Expect From A Home Inspection?
Most real estate transactions are contingent upon an acceptable home inspection to the buyers satisfaction. They can also be contingent on other inspections as well, however, these inspections are not as common as the home inspection. A qualified and experienced home inspector should find something that could be corrected, upgraded, or repaired in every home that they inspect, even newly built homes!
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What Are Common Contingencies When Buying A Home?

What Are Common Contingencies When Buying A Home?
as defined by Merriam-Webster, means "depending on something else that might or might not happen." Just to be clear, every purchase and sale contract is different , however there are some contingencies that are more common when buying a home.
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When and Why Should I Get Pre-Approved For A Mortgage?

When and Why Should I Get Pre-Approved For A Mortgage?
One of the most important steps, and usually the first, during the home buying process is obtaining financing. There are many different types of mortgages available. Each mortgage product varies from the amount of money needed down to the acceptable debt-to-income ratios and everything in between.
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What First Time Home Buyer Programs Are Available?

What First Time Home Buyer Programs Are Available?
There are many costs and fees associated with buying a home. For a first time home buyer, it's likely they don't have piles of money laying around. There are national, state, and local programs/grants available for a first time home buyer.
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What Are Seller Concessions In Real Estate?

What Are Seller Concessions In Real Estate?

Whether you're selling your home or you're in the market to purchase a home, seller concessions are something you should be aware of and have a good understanding of. Seller concessions effect both buyer's and seller's, in two completely different ways.

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What is a Backup Real Estate Offer

What is a Backup Real Estate Offer

When competition increases in a housing market, it can sometimes be difficult to find an ideal home before another buyer gets to it. It is not uncommon to find the perfect home right as another buyer has signed a contract with the seller. This of course can lead to a lot of disappointment on a buyers part.

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How To Start the Home Buying Process for the First Time

How To Start the Home Buying Process for the First Time

Every current homeowner had to start the home buying process for the first time at some point. We all have to go through it eventually, but it doesn't always have to be hard. Now, with so much information readily available online, home buying is easier than ever!

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What Is A Good Faith Estimate In Real Estate?

What Is A Good Faith Estimate In Real Estate?

The Good Faith Estimate, or GFE, is an extremely important document for potential homebuyers. Required by law to be provided within 3 days of your application, it is an estimate of the potential closing costs associated with a loan from a particular lender.