So, it's time to buy a home. Using the FAQ below, we hope you'll gain a better understanding of the home buying process. Simply click the question that is in bold, and the answer will appear below.
I’m thinking of buying a house without a real estate agent to save money. Is this a good idea?
Competent buyer representation can save you money and countless headaches that can occur during a real estate transaction.
What is a Buyer’s Agent?
A Buyer Agent relationship is created when it is agreed to, in writing, between the Selling Agent and the buyer.
Once established, the Selling Agent is now the Buyer’s Agent and has a fiduciary duty to represent you, the buyer, during the transaction.
Can I be notified of new DC homes as soon as they come on the market?
To do so, simply create your account by clicking here.
Login to your new account. Once you are logged in, simply perform a property search using our website. When your search results appear, click ‘Save Search’ Once saved, our server will perform this search daily and email you any new listings.
Our search encompasses every home listed by every real estate agent throughout Washington, DC. Using our system, you can create an unlimited amount of these saved searches.
How much off listing price should I offer on a house?
What happens if the property doesn’t appraise for the price I offer?
If you are pre-approved, but fail to actually receive loan commitment, there are a few options. One option is to walk away from the transaction. The second is to renegotiate the contract price to the appraised value, and the third is for the seller to pay the difference. Your options can be limited depending on the type of loan you choose.
Your M Squared consultant and chosen loan officer will assist you during this process, should it arise.
Are all mortgage companies basically the same?
You are under no obligation to use any of the recommendations of your M Squared consultant. Talk to your friends, family and co-workers. Do some research on the Internet? Fees and interest rates vary greatly.