Common Misconceptions and Information on the Home Buying Process

Is a Real Estate Professional Really Necessary?

A good REALTOR® can guide you through the entire home buying process and make the experience much easier for you.
  • A REALTOR® has access to homes as soon as they come on the market
  • A REALTOR® can show you any house for sale, no matter which company it is listed with.
  • A REALTOR® has the experience to write an offer, negotiate on your behalf with the sellers, and get you the best deal possible.

Will I Get a Better Deal by Calling the Listing Agent of the Home Directly?

  • The listing agent represents the seller and so may not be in the position to negotiate the best deal for you.
  • A buyer’s agent represents you in the transaction and works with you to get the best deal available.

Will I Pay More if I use a Buyer's Agent?

  • The buyer does not pay anything. The payment comes from the home seller, not the buyer.
  • You get great service with no extra cost!

How Much Money Will I Have to Come Up with to Buy a Home?

This is dependent on several factors including the cost of the home and the type of mortgage you get. In general you need to come up with enough money to cover three costs:

  • Earnest money – the deposit you make on the home when you submit an offer
  • Down payment – a percentage of the cost of the home you must pay at settlement
  • Closing costs – the costs associated with processing the paperwork to buy a house

Some types of loans require very little down payment. Some require no down payment. Call us for details.

In Additional to the Mortgage Payment, What Other Costs Do I Need to Consider?

  • Monthly utilities
  • Home Insurance
  • Homeowner association or condo association dues