Frequently Asked Questions

How long does the buying and selling process typically take?

The entire buying or selling process can vary, starting from when you decide to engage in a real estate transaction. Typically, once under contract, it takes about 30 to 45 days to close on a home. This timeframe can depend on your loan type and specific transaction details.

What should my budget be when buying a home?

Your budget for buying a home should not exceed a third of your income. It will depend on several factors including your debt-to-income ratio, credit score, and overall income. To determine an accurate budget, it's advisable to start the pre-approval process with your lender early in your home buying journey.

How do I know if it's the right time to buy a house?

Determining the right time to buy a house depends on personal circumstances and market conditions. For personalized advice that considers both market trends and your situation, contact our team for expert guidance.

What is the difference between a list price and a selling price?

The list price is an initial amount suggested by an agent, based on market analysis, at which a house could sell. The selling price, however, is the final amount a property actually sells for, which might differ due to market dynamics and negotiations.

Can Del-Metrius Herron & Associates assist with relocation services?

Yes, we offer tailored relocation services designed to help both individuals and families move smoothly. Whether you’re relocating across town or across the country, we can provide resources, support with finding a new home, and advice on local amenities and schools.

How can I determine the value of my property in the current market?

Our team offers comprehensive market analysis to help you understand the value of your property based on recent sales in your area, current market trends, and the unique characteristics of your home. Contact us to schedule a detailed evaluation.

What should I prepare before meeting with a real estate agent?

Before your first meeting, it's helpful to have a clear idea of your budget, your must-haves in a property, and any preferred locations. Gathering financial documents such as proof of income, credit reports, and pre-approval letters from your bank will also facilitate the process.