Frequently Asked Questions

A real estate agent assists with buying, selling, and renting properties by providing market insights, negotiating deals, and handling the necessary paperwork

Choose a real estate agent with experience, local market knowledge, positive client reviews, and excellent communication skills.

Start by determining your budget, getting pre-approved for a mortgage, and identifying your needs and preferences. Then, contact a real estate agent to begin your home search.

Pre-qualification is an initial estimate of your borrowing power, while pre-approval is a more detailed assessment by a lender, indicating a commitment to lend you a specific amount for buying a home.

Your offer should be based on current market conditions, comparable sales, the home's condition, and your budget. Your real estate agent can help guide this decision.

To prepare your home for sale, declutter, clean, and make necessary repairs. Staging your home and enhancing curb appeal can make it more attractive to potential buyers.

The asking price is set based on a comparative market analysis (CMA) which considers recent sales of similar homes, current market conditions, and the home's features and condition.

The time it takes to sell a home varies based on market conditions, pricing, and the home's condition. Your real estate agent can provide an estimate based on current trends.

n a buyer's market, there are more homes for sale than buyers, leading to lower home prices. In a seller's market, there are more buyers than homes available, often resulting in higher home prices.

Common loan programs include conventional loans, FHA loans, VA loans, and USDA loans. Each program has specific requirements and benefits.

The best loan program for you depends on factors like your credit score, down payment amount, and whether you qualify for special programs like VA or USDA loans. Alexander Bolboli can help you determine the best option!

An FHA loan is a mortgage insured by the Federal Housing Administration, designed for low-to-moderate income borrowers who may have lower credit scores. It requires a lower minimum down payment.

A VA loan is a mortgage guaranteed by the Department of Veterans Affairs, available to military veterans, active-duty service members, and eligible surviving spouses. It often requires no down payment.

Home valuation is based on factors like location, size, condition, recent sales of similar homes in the area, and market trends. Appraisers use these criteria to estimate a home's fair market value.

Yes, you can increase your home’s value by making improvements such as updating the kitchen or bathrooms, enhancing curb appeal, and ensuring the home is well-maintained.

A CMA is a report prepared by a real estate agent to estimate a home's value based on recent sales of similar properties in the area, current listings, and market trends.

You should consider getting an appraisal when selling your home, refinancing your mortgage, or when significant changes in the real estate market occur.

A mortgage calculator is an online tool that helps you estimate your monthly mortgage payments based on the loan amount, interest rate, loan term, and other factors like property taxes and insurance.

Mortgage calculators provide a good estimate, but actual payments can vary based on lender fees, insurance rates, and other factors. Use them as a starting point and consult with a mortgage lender for precise calculations.

You'll need to input details such as the loan amount, interest rate, loan term, property taxes, homeowners insurance, and any additional fees or expenses.

Yes, a mortgage calculator can help you estimate your monthly payments and determine a comfortable budget for purchasing a home based on your financial situation.