Homebuyer’s FAQ

What is the First Step I Should Take in Buying a Property?

Unless you plan on paying with cold hard cash, your first step will be to get pre-approved for a loan. Once you get pre-approved, you will know with more pin-point accuracy the price of the home you can afford.

Why Should I Use a Realtor to help Me Buy a Home?

Your Sunrise Land Company Realtor will handle everything you need from the beginning to the end. That includes paperwork, negotiations, inspections and so much more. Learn more about who we are here.

How Much Money Do I Need for a Down Payment?

The answer may surprise you, it’s no longer 20%. All loan options are different, but the average down payment is now 3% to 5%. If you or the property you would like to purchase qualifies for a VA or USDA loan, you aren’t required to put any money down.

Can I Buy a Home and Sell My Current One at the Same Time?

Yes, you definitely can. We would highly recommend working with a Sunrise Land Company Realtor to help make the transition between selling and buying as seamless as possible.

What is pre-qualifying versus pre-approval?

In pre-qualification, you receive an estimate of what you may be able to borrow. This is a quick way to know what price range you should be looking in. Pre-approval means a financial institution has agreed to work with you and has taken a thorough look through your finances. Learn more about the pre-approval process.

How Many Homes Should I See Before Making an Offer?

You should see as many homes as you can or until you find the perfect home. On average, home buyers will look at hundreds of homes online but will see a handful of homes in person before writing an offer. If you’re looking for a way to narrow down your search, sign up for a personal shopper report.

I Found a House . . . Now What?

Your Sunrise Land Co. Realtor will help walk you through writing an offer on your dream home and will then handle the negotiating for you.

How Do I Know if the Property is a Good Deal?

While you can never know the exact worth of the home you are buying, Sunrise Land Company’s Agents are experts at providing both buyers and sellers with accurate valuations.

When Can I Back Out if I Change My Mind?

You can always back out of a deal, but you may have to forfeit the earnest money you had already put down with the offer. Earnest money is typically around 1%-2% of the home’s price.

How Quickly Can I Close?

 Closing a deal can typically take 30 to 40 days. It can vary, but that is the standard in the industry.