Yes. Getting pre-approved helps you understand how much you can afford and shows sellers that you’re a serious buyer. It also makes the process easier when you decide on a home.
Yes. A home inspection helps identify issues before you finalize the purchase. It’s your chance to learn about repairs or maintenance the home may need, and allows you the chance to back out of the purchase if needed.
It may be possible. Some loan programs are designed for buyers with lower credit scores, though you may need to meet certain requirements. Gustavo can connect you with lenders who specialize in these types of situations.
Pre-qualification is an estimate of what you might be able to borrow, while pre-approval is a more formal process where a lender reviews your financial information and gives you a written commitment. Sellers take pre-approval more seriously.
Bring a list of questions, a notebook or phone to take notes, and your pre-approval letter if you have one. It’s also helpful to bring family members or friends whose opinions you trust.
Once your offer is accepted, you’ll usually schedule a home inspection, finalize your mortgage application, and order an appraisal. Gustavo will help guide you through each step until closing.
Yes. If the inspection uncovers issues, you can ask the seller to fix them, lower the price, or offer credits at closing. Gustavo will help you negotiate fairly.
Both have pros and cons. New homes often come with modern features and warranties, but might cost more. Resale homes may have character and established neighborhoods, but could need repairs. It is important to consider your options and make the right decision for you.
A contingent offer means your purchase depends on certain conditions, like selling your current home or getting financing approved. Gustavo will explain contingencies and how they affect your deal.
The appraisal confirms the home’s value for your lender. If the appraisal is lower than the offer, you may need to renegotiate or increase your down payment.
