FAQs
Q: How much can I afford?A: Affordability of a home based on the amount your bank will be willing to loan to you. Many different factors determine this amount. If you are not sure what amount you can afford click here and we will help you find a lender to provide you with a financial analysis of how much you can afford.
Q: How long does it take to buy or sell a home?
A: Typically 30 days on a "normal" transaction. On a short sale, you can expect 4-6 months.
Q: What is a closing?
A: Although this term may mean different things in different states, the "closing" is a meeting where all of the documents are signed and money changes hands. Arizona does not do round table closings.
Q: How does my real estate agent get paid?
A: Typically, the Seller in the real estate transaction will pay commission based upon a percentage discussed with the Selling Agent. Upon close of escrow the commission is usually split between the broker representing the seller and the broker representing the buyer.
Q: Can I choose my Lender?
Yes, you absolutely can!
Q: What is the Real Estate Settlement Procedures Act (RESPA)
A: A consumer protection law that requires lenders to give borrowers advance notice of closing costs.
