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Top 10 First-Time Home Buyer Questions

Buying your first home is exciting and challenging. Dozens of questions arise about everything from when to buy to your budget to home styles and locations. First-time home buyers partnering with Jeff Cook Real Estate LPT Realty in the Carolinas enjoy seasoned guidance and plenty of information to help them purchase the perfect first home. 

Most Frequent First-Time Buyer Questions 

Review the top ten most frequent questions our agents are asked by individuals and families buying a new home. 


  1. Why should I buy a home instead of renting? Owning a home can provide a sense of stability, security, and pride of ownership. In addition, it can be a good long-term investment and can help you build equity over time.
  2. How much can I afford to spend on a home? It's important to determine your budget before you start house hunting. You can use online calculators or speak to a JCRE agent to get an idea of how much you can afford to spend based on your income, debt, and credit score.
  3. What is a pre-approval? A pre-approval is a letter from a mortgage lender stating that you are approved for a certain amount of money to buy a home. It can help you narrow down your search and make you a more attractive buyer to sellers.
  4. How much should I put down as a down payment? The amount you should put down will depend on your financial situation and the type of loan you are getting. Generally, a 20% or more down payment will help you avoid paying private mortgage insurance (PMI).
  5. What is PMI? Private mortgage insurance (PMI) is a type of insurance that protects the lender in case you default on your loan. It is typically required if you put down less than 20% as a down payment.
  6. What is the difference between a fixed-rate and an adjustable-rate mortgage? A fixed-rate mortgage has a set interest rate that does not change over the life of the loan. An adjustable-rate mortgage (ARM) has an interest rate that can change periodically, usually after a certain number of years. 
  7. What is a home inspection? A home inspection thoroughly examines a home's condition, including the roof, foundation, plumbing, electrical systems, and more. It can help you identify any issues or repairs needed before closing the home.
  8. What is earnest money? Earnest money is a deposit you make when submitting a home offer. It shows the seller that you are serious about buying the home and can help you stand out as a buyer.
  9. What is closing? Closing is the final step in the home-buying process, where you sign the necessary documents and pay any remaining fees and costs associated with the purchase. 
  10. What should I do if I have more questions about buying a home? If you have more questions about buying a home, it's important to speak with a real estate agent from Jeff Cook Real Estate LPT Realty who can provide you with personalized advice and guidance.

Why Buy with Jeff Cook Real Estate LPT Realty? 

Don’t stress over buying your first home. Finding your dream home is simple when working with Jeff Cook Real Estate LPT Realty. We know shopping for the perfect home involves factors like community, schools, amenities, services, and more. Our SC Real Estate agents know the Carolinas and the best areas for purchasing first homes. We are committed to finding your dream home at the best price possible. 

The home-buying process is always changing, so you need up-to-date information. Our agents know the market and how to read it to help you reach your goals and thoroughly understand when and how to buy. Contact us today to learn more. 

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