Greater Philadelphia Region Home Buyers FAQ's
Answering Your Greater Philadelphia Region Home Buying Questions
Buying a Greater Philadelphia Region home is both thrilling and a bit unnerving, especially if you're a first-time home buyer. Both experienced home buyers and first-time buyers alike will benefit from the frequently asked questions below. Before you begin your Greater Philadelphia Region home search, it is recommended that you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision.
Q: How will you tell me about the newest homes available?
A:The Multiple Listing Service Website provides up-to-date information for every home on the market.
We constantly check the New on Market list so we can be on the lookout for our clients. We will get you
this information right away, the way that is most convenient for you: by phone or email.
Q: Will you inform me of homes from all companies or only Keller Williams Real Estate?
A: We will keep you informed of all homes. We want to help you find your dream home, which means we
need to stay on top of every home that's available on the market. We will also proactively search for
homes that are NOT on the market as well. If we can identify a neighborhood or area that you would
love to call home, we will call and market all the homes in that area!
Q: Can you help me find new construction homes?
A: Yes, we can work with most builders and get you the information you need to make a decision. On
your first visit with the builder, we will accompany you. By using our services with a new construction
home purchase, you will receive the services we offer, as well as those provided by the builder, at no
Q: How does for sale by owner (FSBO) work?
A: Homeowners trying to sell their home without agent representation are usually doing so in the hopes
of saving the commission. If you see a FSBO and want the advantages of our services, let us
contact the owner for you and make an appointment. Most times the homeowner will work with an
agent even though their home is not listed, since the agent is introducing a potential buyer to their
Q: Can we go back through our property again once an offer is made but before possession?
A: Usually, we can notify the seller and schedule a convenient time to visit the property again.
Immediately before the closing, we will schedule a final walk-through and inspection of your new
Q: Once my offer is accepted, what should I do?
A: Celebrate and focus on moving into your new home! You will want to schedule your move, pack
items and notify businesses of your address change. We will provide you with a free service called
Updater to help you remember and streamline this process. We will also give you a good faith estimate
and HUD statement, which will indicate the amount you will need to bring to closing.
Q: I've never purchased a home before. Where should I begin?
A: Actually, you've already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or homes would be to:
- Familiarize yourself with your personal finances.
- Learn about the Philadelphia Region real estate market.
- Carefully review your budget and begin to eliminate as much debt as possible.
- Have a down payment and earnest money ready when the time comes to act and make your offer.
Q: With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A: Once we meet and review your finances along with your home buying needs, you should select a lending consultant. We can recommend several trusted lending professionals or you can choose your own. Having utmost confidence in your lender is important. Be sure you feel completely at ease with them. They should speak to you in easy to understand terms. Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. More and more lending professionals are recommending fixed interest rate loans and interest rates are still very attractive. Of course, the type of loan best for you depends on several factors. Here are just a few:
- How much money do you have for a down payment?
- How long do you plan to live in the home?
- Do you qualify for a FHA or VA loan?
Let's Get Started!
Are you ready to schedule your home buying consultation? If so, contact us today and together we will review your needs and your budget to help you find the right Greater Philadelphia Region home for you!