Got a few questions about buying a house? No worries, we got you! Here are frequently asked questions our team receives from buyers.

1. What is a purchase agreement? 

A purchase agreement is a written contract between the buyer and the seller. It lays out the terms and conditions both parties agree to and serves as a legally binding contract. 

2. Do I pay my REALTOR® as a buyer? 

Typically the seller pays the agent’s commission to the broker for the listing agent and buyer’s agent. However, a buyer may be asked to pay a commission if the seller is unrepresented.

3. How long does it take to purchase a home? 

The length of time differs for each buyer. However, once your offer is accepted, you can expect a closing time of 30-60

This week we asked our Oakridge agents what are some common first-time homebuyer mistakes they see when working with first-time homebuyers. Here is what they had to say and some helpful tips if you are a first-time homebuyer!

1. Not Being Pre-Approved Before Looking

    Is pre-approval really that important before we start looking at homes? YES! Even if you are just "looking for fun" you never know how quickly a home you want could pop up! Without a pre-approval letter from the bank, you will not be able to put an offer in. This is step 1 of looking for a home and very important. Your pre-approval will help determine your budget and what your can afford.

2. Unclear Expectations and Wants

    Do you know what you want in a home? Having clear