Navy Fed Frequently Asked Questions
1. What the first step of the home buying process?
Getting pre-approved for a mortgage is the first step of the home buying process.
2. How long does it take to buy a home?
Under normal market conditions, the average time to complete the sale of a home is 30 to 45 days. Though, well-prepared home buyers have been known to purchase properties faster than the averages.
3. What's a Seller's Market?
A period when demand is higher than available inventory of homes leading to the price of the average home rising.
4. What's a Buyer's Market?
A period when there is greater inventory than demand, which is marked by reductions in home values.
5. How much do I pay an agent to sell my home?
The average commission for selling a home is 6% of the home's purchase price.
6. How much do I pay an agent to buy a home?
Typically, the seller will pay for the buyer's agent, so you won't pay anything to the real estate agent.
Getting pre-approved for a mortgage is the first step of the home buying process.
2. How long does it take to buy a home?
Under normal market conditions, the average time to complete the sale of a home is 30 to 45 days. Though, well-prepared home buyers have been known to purchase properties faster than the averages.
3. What's a Seller's Market?
A period when demand is higher than available inventory of homes leading to the price of the average home rising.
4. What's a Buyer's Market?
A period when there is greater inventory than demand, which is marked by reductions in home values.
5. How much do I pay an agent to sell my home?
The average commission for selling a home is 6% of the home's purchase price.
6. How much do I pay an agent to buy a home?
Typically, the seller will pay for the buyer's agent, so you won't pay anything to the real estate agent.
Rick & Candace Hart - Coldwell Banker Heritage
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Equal housing opportunity. An equal opportunity company.
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Phone: (937) 429-4500
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State of Ohio
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