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
Back to top of page
© 2020 Coldwell Banker Heritage - (937) 429-4500.
Equal housing opportunity. An equal opportunity company.
Equal housing opportunity. An equal opportunity company.
4060 Executive Dr, Dayton, Ohio 45430
Phone: (937) 429-4500
Licensed Real Estate Broker
State of Ohio
© 2020 Coldwell Banker Heritage. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Heritage fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.