Question 1

How does the buying process work?

Accepted Answer

1. Get pre-approved for a mortgage (if not paying cash)
2. Hire a licensed real estate agent
3. Choose a location and property
4. Make an offer and sign a purchase agreement
5. Open escrow and deposit earnest money
6. Conduct inspections and appraisals
7. Secure financing and complete paperwork
8. Close the deal through a title company or attorney

Question 2

How long does it take to buy a house?

Accepted Answer

On average, 30–60 days after an offer is accepted, depending on financing, inspections, and closing arrangements.

Question 3

What are the closing costs and fees?

Accepted Answer

Closing costs typically range from 2% to 5% of the purchase price, including:
 • Loan origination fees
 • Title insurance
 • Escrow fees
 • Appraisal and inspection fees

Question 4

What is the home selling process?

Accepted Answer

1. Hire a real estate agent
2. Set a competitive asking price
3. Prepare and stage the home
4. List the property (MLS, online)
5. Host showings and open houses
6. Receive and negotiate offers
7. Accept offer and open escrow
8. Inspections, appraisals, and closing paperwork
9. Close the deal and transfer ownership

Question 5

How long does it take to sell a home?

Accepted Answer

Typically 30–90 days, depending on the market, condition, and pricing of the home.

Question 6

What costs are involved in selling a home?

Accepted Answer

• Real estate agent commission (5-6%)
 • Title transfer fees
 • Repairs (if needed)
 • Closing costs (negotiable)

Question 7

What is the process for renting a home or apartment?

Accepted Answer

1. Browse rental listings
2. Tour properties
3. Submit an application
4. Provide income proof, ID, and credit check
5. Sign a lease agreement
6. Pay deposit and first month’s rent
7. Move in

Question 8

What documents are usually required to rent?

Accepted Answer

• Government-issued ID or passport
 • Proof of income (pay stubs, job letter)
 • Credit score or rental history
 • Security deposit (usually 1–2 months’ rent)

Question 9

Can landlords increase rent at any time?

Accepted Answer

It depends on the lease. Most increases happen after the lease term ends, unless you’re in a rent-controlled area.

Question 10

Who is responsible for maintenance and repairs?

Accepted Answer

Landlords handle structural and functional repairs. Tenants handle daily upkeep and must report issues.

FAQs