Home Buying in Virginia - Ask the Broker
Homefinders.com will add Short Sales and Foreclosures in Virginia to your home search to make sure you have the opportunity for the best buying opportunities available.
Send your questions about buying a home in Virginia to:
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Q. How long does it take to have a home built in Northern Virginia?
A. Depending on the builder and availability of building permits, from 4 to 18 months.
Q. Do builders have homes ready for occupancy in Northern Virginia?
A. Yes. Some builders built home to have inventory ready for home buyers who do not wish to select colors or options. Builders know there is a steady
market for new homes.
Q. Do I save money by buying a resale home?
A. Sometimes. Many new home buyers spend money for options and upgrades that do not add to the value of the home. Resale homes are ready to occupy and ready for a home inspection.
Q. Is an attorney needed to buy a home in Northern Virginia?
A. No. Real estate agents are qualified to complete the Contract of Sale form in Northern Virginia
Q. Will an attorney be necessary to settle or close the sale?
A. No. All settlements or closings in Northern Virginia are supervised by a licensed attorney.
Q. How do I select homes I wish to tour?
A. Visit our homes listing site at http://www.homesdatabase.com/lennharley Search by price, location and features. Contact EMAIL HOMEFINDERS.COM and let us know when you would like to tour.
Q. How do I know how much money I will need to settle?
A. Your buyer's agent will prepare a Buyer's Closing Cost Estimate for you when they prepare your offer to purchase. Your lender will prepare a Good Faith Estimate for you when you make loan application.
Q. Do most homes in Northern Virginia have Homeowner Associations?
A. Most newer homes in communities with amenities will have a Homeowner Association.
Q. What do Homeowner Associations do?
A. Most Homeowner Associations are formed to maintain common areas in a community including caring for common areas, community centers, tot lots,
pools, hiking trails, etc.
Q. How do I know if there is a Homeowner Association before I buy.
A. The existance of a Homeowner Association must be disclosed along with any fees prior to settlement. You will have a few days to review the
documents and rescind the contract if you wish.
Q. Do I have to have a home inspection to buy a home in Northern Virginia?
A. A home inspection is not require, but it is recommended for home buyers who can't evaluate systems, foundations and appliances, roofs, etc. themselves.
Q. How much will a home inspection cost?
A. Depending on the price of the home, home inspectors charge approx. 0.00085% of the purchase price with the lowest fee approx. $250.
Q. What are closing costs in Northern Virginia?
A. Approximately 2.5-3.5% of the purchase price.