Buyer's Guide

Yes, obtaining a mortgage pre-approval before beginning the home search is highly recommended. A pre-approval provides a clear understanding of how much a buyer can afford and strengthens their position when making an offer. Sellers are more likely to take offers seriously when they are backed by a lender’s approval, as it demonstrates that financing is already in place. Additionally, a pre-approval can help prevent the disappointment of falling in love with a home that is outside of your budget.

The required down payment depends on the type of loan and individual financial qualifications. Conventional loans typically require 5-20%, while FHA loans allow buyers to put down as little as 3.5%. VA and USDA loans offer options with 0% down for eligible buyers. While a larger down payment can reduce monthly mortgage payments and eliminate the need for private mortgage insurance (PMI), there are also low down payment programs available that allow buyers to preserve their cash for other expenses. Alisa works closely with trusted lenders to explore the best financing options based on a buyer’s goals.

The timeline varies depending on the market, financing, and specific circumstances. On average, it takes approximately 30-34 days from the time an offer is accepted to closing. However, the home search itself can take anywhere from a few days to several months, depending on availability and buyer preferences. Factors such as inspections, appraisals, and loan underwriting can also impact the timeline.

Absolutely! The difference between the list price and the final sales price varies based on market conditions. In a seller’s market, homes often sell for above the asking price, while in a buyer’s market, there is more room for negotiation. Alisa helps buyers craft competitive yet strategic offers and negotiate terms that work in their favor.

Earnest money is a deposit made by the buyer to demonstrate commitment to the purchase. It typically ranges from 1-3% of the home's price and is held in escrow. If the transaction successfully closes, the earnest money is applied toward the buyer's closing costs or down payment. If the buyer backs out for a reason not covered by contingencies, they may forfeit the deposit.

A home inspection is a vital step in the home-buying process, providing buyers with a comprehensive evaluation of the property’s condition. A licensed inspector thoroughly examines the home’s major systems, including the roof, plumbing, electrical, HVAC, foundation, and overall structure. If concerns arise, buyers may negotiate for repairs, request a price adjustment or closing cost credit, or reassess whether the home aligns with their needs. While some issues may be minor and easily remedied, others - such as structural deficiencies or outdated electrical systems - could require a significant investment. Alisa carefully guides buyers through the inspection findings, helping them make informed decisions and navigate the next steps with confidence.

If a home appraises for less than the purchase price, options include renegotiating the price, challenging the appraisal, or paying the difference in cash. Some buyers may also explore alternative financing solutions.

Property taxes are determined by local government authorities and are based on the assessed value of the home. The rate varies by county and city, and buyers who use the home as a primary residence receive a 45% exemption on the assessed value, meaning they are taxed on only 55% of the home's fair market value. Property taxes are typically included in the monthly mortgage payment and held in escrow by the lender. Before purchasing, Alisa provides buyers with an estimate of what to expect based on the specific home and location.

Avoid large purchases, new credit applications, and job changes, as these can impact loan approval.

The next steps begin with scheduling a consultation with Alisa. During this meeting, she will take the time to understand your goals, explore financing options, and create a strategic plan tailored to your needs. From there, she will provide expert guidance at every stage, ensuring a seamless and confident path to homeownership.