Answering Your Western Wake County Home Buying Questions

Western Wake County Home Buyers FAQ's

The home-buying market is ever-changing, and it can be tough to navigate on your own. Whether you're buying your first home or your tenth home, having a local real estate professional can take a lot of that stress off of your shoulders. Before you begin your Western Wake County home search, we recommend reading up on some must-know information. Browse our FAQs, and make sure you're both prepared and confident in your home buying decision.

Any more questions? Feel free to give your local Western Wake County experts a call! 

Home Buyer Frequently Asked Questions

I've never bought a home before. Where should I start?

Just by asking that question, you've already taken an important step! The key to starting off a successful home buying process is to educate yourself. We recommend taking a look at your finances first, figuring out what your budget looks like, taking care of any outstanding debts, and collecting money for a down payment.

The next step in the process is finding a real estate professional to help you. From knowing the ins and outs of the local market to finding your dream home, we'll be there for every step of the journey.

How do I know what to look for in a home?

This is the fun part — your future home is totally up to you! Take some time to think about what you want in a home, including what features are important, what location you want to be in, and which amenities you'd like to be close to. Once you know these things, your trusted real estate agent can help narrow down your search.

Already know exactly what you want in a home? Use our search feature to get started with finding your new Western Wake County home! Need some ideas? Check out our featured listings for a spark of inspiration.

Why should I use a Realtor?

When you use a Realtor, you'll gain access to tons of resources you wouldn't have on your own. If you choose to partner with our team, we can provide countless helpful resources, years of local experience, and top-notch contacts in the area. We can also help you find the right home in the right price range, and explain any confusing aspects of the process.

Dreading all of that paperwork for closing? We can help with that, too! 

Where can I get a loan?

If you're looking to acquire a mortgage loan, you can go to a bank, state lender, credit union, or private mortgage company. Not sure where to go? Your Realtor can provide you with their own contacts in the area and help find the best lender for your needs. 

If you're not sure what you need to do to apply for a loan, just let us know, and we can guide you through the process. You can also choose to find a lender on your own, but make sure you spend plenty of time researching varying rates.

What if I have bad credit or not even for a down payment?

There are plenty of options and resources if you aren't confident about your financial situation. From federal mortgage programs to local home buying assistance programs, we can help you figure out the best form of aid for your needs.

The Federal Housing Administration and Department of Housing and Urban Development both offer a variety of options for lower income or financially unstable home buyers. Explore their sites to find out more, and let us know if we can help out.

What payments will I need up front?

If you've settled on a home, then congratulations! The home-buying process is almost over, but there are a few upfront payments that you should keep in mind:

  1. Earnest money: Think of this payment as your security deposit to the seller. It shows that you're serious about your offer and will eventually be applied to your down payment. 
  2. Down payment: Your down payment will amount to a certain percentage of the overall cost of the home. 
  3. Closing costs: Since you're the buyer, your closing costs will be cheaper than a seller's. Your closing cost fees will primarily be for lender charges and paperwork. 

What other costs will there be?

Other home buying costs can include HOA fees, condo dues, utility bills, and property taxes. Several of these costs tend to get bundled with your mortgage payment. 

As your trusted Realtor, we'll make sure you aren't caught off guard by any unexpected fees.

Your Western Wake County Home Selling Resources

If you're ready to sell your Western Wake County home, then it's time to contact the team at Gilliam & Associates Realty. We're prepared to answer any and all of your home buying questions, and we offer many other resources as well! Give us a call today, and let's get started with finding your dream home.

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