FAQ

Frequently Asked Questions

Buying

How do I buy a home?

Start by getting clear on your budget, connecting with a trusted agent, and securing pre-approval. From there, you can tour homes, make an offer, complete inspections, and move through closing.

What is pre-approval?

Pre-approval is a lender's conditional commitment showing how much you may be able to borrow. It helps you shop confidently and shows sellers that you are prepared to buy.

How much down payment is needed?

Down payment requirements vary by loan type. Some qualified buyers may use low down payment options, while others choose to put more down to lower their monthly payment.

What are closing costs?

Closing costs are the fees paid at the end of a real estate transaction. They can include lender fees, title services, escrow fees, taxes, insurance, and other settlement expenses.

Selling

How much is my home worth?

Your home's value depends on recent comparable sales, condition, location, updates, and current market demand. A local pricing review can give you the clearest estimate.

How long does selling take?

Timing depends on pricing, local demand, property condition, and the buyer's financing. Many sellers plan for preparation, marketing, offer negotiation, inspections, and closing.

Should I renovate before selling?

Not every renovation pays off before a sale. Focus first on repairs, cleaning, staging, and simple updates that help buyers see the home clearly.

Should I sell before buying?

It depends on your finances, timing, and comfort level. Some sellers need proceeds from their current home, while others may qualify to buy first or use a contingency strategy.

Financing

What credit score is needed?

Credit score requirements vary by loan program and lender. A mortgage professional can review your full financial picture and explain which options fit best.

What loan types are available?

Common options include conventional, FHA, VA, USDA, and jumbo loans. The right fit depends on your income, credit, down payment, property type, and purchase goals.

How long does closing take?

Many financed purchases close in about 30 to 45 days, though timelines can vary based on loan approval, inspections, appraisal, title work, and contract terms.

Aerial view of Knoxville, Tennessee

Still Have Questions?

Every move is different. Send us a note or give us a call and we will walk you through it.

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