Buying a Home?
We're Here to Help Every Step of the Ways
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Years of Experience
Commercial
PRG Real Estate Brokerage specializes in commercial real estate, offering tailored solutions for businesses of all sizes. From office spaces to retail locations, we help you find properties that meet your unique needs. Our expertise ensures your commercial investments are strategic and successful
Your Dream Home Buyer’s Guide
Determine Your Budget and Get Pre-Approved
How PRG Can Help: We connect you with mortgage pros. Get pre-approved. Buy smarter.
Identify Your Needs and Wants
PRG's expertise: We'll help you list your home needs. Our brokers know the market well and can find properties to match your criteria.
Start Your Home Search
How PRG Can Help: We'll provide a curated list of properties, arrange viewings, and offer valuable insights to help you make decisions.
Close the Deal
How PRG Can Help: We'll handle inspections, coordinate with legal professional, and manage all details to ensure a easy closing
Make an Offer and Negotiate
How PRG Can Help: Our skilled brokers guide you through making a competitive offer and handle negotiations which suits your budget and requirements
Invest in our project
Investing in our projects can give you satisfying returns and can streg then our relationship.
Our Team
Joining hands with us can take your business to greater level of prosperity
Buyer FAQ
1. What is the first step in buying a home?
The first step is to determine your budget and get pre-approved for a mortgage. This will give you a clear idea of what you can afford and strengthen your position when making an offer. Next, you can start the search for properties that meet your needs and preferences.
2. How much should I save for a down payment?
Down payment requirements can vary, but a common guideline is to save 20% of the home’s purchase price. However, there are many mortgage options available with lower down payment requirements. It’s important to discuss your options with a mortgage lender to find a plan that fits your financial situation.
3. What should I look for when viewing homes?
When viewing homes, pay attention to the condition of the property, including the roof, plumbing, electrical systems, and overall layout. Consider the location, neighborhood amenities, and proximity to work or schools. Take notes and photos to help you remember the details of each property.
4. How do I make a competitive offer on a home?
To make a competitive offer, work with your real estate agent to determine a fair price based on recent sales of similar properties in the area. Consider offering a higher earnest money deposit, being flexible with the closing date, and including a personal letter to the seller to make your offer stand out.
5. What is a home inspection, and why is it important?
A home inspection is a thorough examination of the property’s condition conducted by a professional inspector. It’s important because it can reveal potential issues or repairs needed, allowing you to make an informed decision about whether to proceed with the purchase or negotiate repairs with the seller.
6. What is a real estate appraisal, and how does it affect the purchase?
A real estate appraisal is an evaluation of the property’s market value by a licensed appraiser. The appraisal ensures that the home’s value aligns with the agreed purchase price. If the appraisal is lower than the purchase price, it may affect your mortgage approval or require renegotiation with the seller.
7. What are closing costs, and how much should I budget for them?
Closing costs are fees associated with finalizing the home purchase and can include loan origination fees, title insurance, appraisal fees, and recording fees. They typically range from 2% to 5% of the home’s purchase price. Your lender will provide a Good Faith Estimate (GFE) or Closing Disclosure outlining these costs.
8. How long does the closing process take?
The closing process generally takes 30 to 45 days from the time your offer is accepted. During this period, various tasks are completed, including finalizing your mortgage, conducting inspections, and preparing legal documents. Your real estate agent will help ensure that everything proceeds smoothly and on schedule.
9. What should I expect on the day of closing?
On the day of closing, you’ll review and sign various legal documents, pay any remaining closing costs, and finalize your mortgage. Once all paperwork is completed and funds are transferred, you’ll receive the keys to your new home. It’s an exciting day that marks the official transfer of ownership.
10. Can I back out of a home purchase if I change my mind?
Once you’ve signed a purchase agreement, there are limited ways to back out of the deal without consequences. Typically, you can back out during the inspection or appraisal periods if significant issues arise. It’s important to review your contract and consult with your real estate agent or attorney to understand your options.