FAQs About Buying Your Virginia Home
Have questions about buying a home in Virginia? You're not alone. Everyone has questions about different parts of the home buying process, even if they are seasoned home buyers. Savvy home buyers don't let their questions go unanswered. We want to make sure you're completely comfortable with the home buying process, so we've answered the most common questions about purchasing real estate in Virginia's countryside.
I've Never Bought a Home Before. Where Do I Start?
You're already on the right track. First you should search for information about the home buying process, then you should check your finances. How much can you afford to pay each month for your mortgage? Do you have enough savings for a down payment and routine home maintenance? How is your credit score?
If you need help figuring out what you can afford, use our mortgage calculator.
I'm New to Virginia. What Else Should I Do?
Welcome to Virginia! Our area is primarily rural, which means that it's all about country living: peaceful, quiet, and full of open space. If you're not familiar with the local lifestyle, here are a few other steps you can take to get acquainted with the Virginia countryside:
- Research the area. Which communities have the amenities you want? Which towns will allow you to live as close as you need to Washington, DC? View our Virginia Area Guides for details about our area.
- Research the real estate market. Are homes appreciating in your favorite locations? Can you find a similar home for less money in another Virginia town? Ask for our Neighborhood Sold Report for details about the market.
- Research the lifestyle. In Virginia, the equestrian lifestyle takes center stage. Learn about horse shows, local hunts, equestrian venues, and local businesses that make Virginia a great place to live.
If you want more insider tips about living in Virginia's countryside, ask us for a complimentary relocation package.
What are the Other Steps to Buying a Home?
Have you taken the right steps to prepare for buying a home? Good. Here are the next steps you can take from your home search to closing:
- Get pre-approved for a mortgage. By getting pre-approved, you'll know exactly what you can afford, and you'll have a significant advantage over other buyers who still need to secure financing.
- Search for properties that fit your criteria. If you don't have a lot of time to devote to your home search, consider signing up for email notifications.
- Choose the right REALTOR. Your right real estate agent is an invaluable resource to helping you find the right home and negotiate the best price.
- Take notes when you go to showings. Take pictures so you'll remember which homes you liked.
- Make an offer on a home. When you enter negotiations, your REALTOR will help you get the best price.
- Order a home inspection. The inspector can tell you if there are any major problems with the home.
- Close and pay. After that, you'll be able to move into your dream home!
What's the Difference Between a REALTOR and Real Estate Agent?
A real estate agent is a licensed professional who can represent you in your home purchase. A REALTOR is a real estate agent who is a member of the National Association of REALTORS® and follows their code of ethics. Here's more information about why a REALTOR is a better choice.
What Type of Mortgage Should I Choose?
Look at your monthly budget and talk to a reputable lender to figure out what mortgage loan is best for you. There are a few basic types: fixed-rate mortgages, adjustable-rate mortgages, two-step mortgages, FHA mortgages, and VA loans, to name a few. This mortgage loan comparison offers more details about each mortgage loan type.
I Have Horses. How Should I Prepare for My Move?
As soon as you can, start packing for your move. Put away anything — whether furniture in your home or items in the barn — that you don't need, but keep out the essentials. On moving day, keep a "moving survival kit" with your horse's medication, feed, records, and valuables with you. After your move, keep your horse's routine the same to help him or her adjust to the new surroundings. Here are more tips about moving with horses.
I Have a Question That's Not Listed. Who Can I Contact?
You can always contact us! We're available to answer any question you have.