Buyer FAQs | Home Buying Questions Answered by Four Point Realty

Home Buying Basics

• How do I start the home buying process
  
  

  Start by getting pre approved, understanding your budget, and working with a real estate professional to explore available homes that match your needs.



• How much home can I afford
  
  

  Affordability depends on income, credit, debt, and down payment. A lender will provide a clear estimate through pre approval.



• Do I need pre approval before viewing homes
  
  

  Yes, most sellers require pre approval before scheduling showings to ensure buyers are qualified.



• What is the difference between pre qualification and pre approval
  
  

  Pre qualification is an estimate while pre approval is verified by a lender and strengthens your offer.



• How much down payment is required
  
  

  Down payments typically range from 3 percent to 20 percent depending on loan type and buyer qualifications.



• What are closing costs when buying a home
  
  

  Closing costs usually range from 2 percent to 5 percent of the purchase price and include lender fees, taxes, and title costs.



• How long does it take to buy a home
  
  

  Most transactions take about 30 to 45 days after an offer is accepted depending on financing and inspections.



• What should I look for when touring a home
  
  

  Focus on condition, layout, location, and potential repair costs when evaluating a property.



• How do I make a strong offer
  
  

  A strong offer includes competitive pricing, solid financing, and favorable terms that appeal to sellers.



• What happens after my offer is accepted
  
  

  You move into inspections, appraisal, loan approval, and final steps leading to closing.

Buyer Agency Agreement

• What is a Buyer Agency Agreement
  
  

  It is a written agreement that outlines the relationship between you and your agent including services, representation, and compensation.



• Why do I need to sign an agreement before seeing homes
  
  

  Industry guidelines require a formal agreement before touring homes to ensure transparency and proper representation.



• Does signing this agreement cost me anything
  
  

  In many cases compensation is covered by the seller, but all terms are clearly disclosed before you proceed.



• Can I work with multiple agents
  
  

  Most agreements are exclusive for a period of time to ensure dedicated representation.



• How long does the agreement last
  
  

  The agreement term is flexible and can be customized based on your needs.



• Can I cancel the agreement
  
  

  Yes, agreements can typically be modified or canceled based on agreed terms.

Buyer Rebates and Savings

• Does Four Point Realty offer buyer rebates
  
  

  Yes, we offer buyer rebates as allowed per local state law, REC, and they are payable on the closing statement with full disclosure.



• How does a buyer rebate work
  
  

  A portion of the commission is credited back to you at closing which can help reduce your overall costs.



• Who qualifies for a buyer rebate
  
  

  Eligibility depends on transaction details, lender approval, and local regulations which are reviewed upfront.



• Can the rebate be applied to closing costs
  
  

  Yes, in many cases rebates can be applied toward closing costs subject to lender guidelines and disclosure on the closing statement.

Start Your Home Search

Four Point Realty helps buyers navigate the market with confidence. From your first showing to closing day, our team is here to guide you every step of the way.