Get Answers to Some of the Most Common Home Buyer Questions

Paper cut out question marks over a notepad and pen on a table

It’s hard to know where to begin when you want to start looking for a home to call your own. There are often a million questions rolling around in your mind that may be keeping you from taking the first step into home ownership, but not to worry—that’s where we come in! This month we will answer some of the most common home buyer questions, so get out your pen and paper because we’re about to hit you with the facts!

What is included in the sale of a home?
Great question! The simple answer is: Just ask. Some sellers may leave behind something like a refrigerator and others may want to take it with them. Your real estate agent will discuss what is included and what is not with the sellers’ real estate agent, and sometimes there is even room for negotiation.

How much are closing costs?
We’re so glad you asked! Closing costs typically run between 2–6% of the loan amount. That means on a $200,000 home loan, you would pay between $4,000–$12,000. However, there are ways to minimize your closing costs—check out our “How to Minimize Your Closing Costs” blog to learn how. 

Do I need a home inspection?
This is a good one! While it’s not required, it’s strongly recommended by pretty much every housing professional out there to get a home inspection before buying. Not only does it provide you with protection in case something is wrong, it can also be used as a negotiating tool.

How does buying a home work?
Another great question! Buying a home doesn’t have to be confusing. We provide resources on our website to help make the home buying process as easy and exciting as possible. Check out our Pocket Guide to Home Ownership to start learning about the process today. 

Do I qualify for a loan?
We were waiting for this one! To find out if you qualify for a loan, reach out to one of our participating lenders in your area. They can help you determine if you qualify for a loan and how much you can afford to spend on a home. 

Now that some of your questions have been answered, you should check out to learn how the NC Home Advantage Mortgage™ can help make home happen for you. Home ownership is on the horizon, so get started today!