Common Questions About Buying a Home in the Piedmont Triad

Thinking about buying a home in the Piedmont Triad? Here are answers to the most common questions I get from buyers. If you don't see your question here, contact me — I'm happy to help.

Your buying Questions, Answered

Q: How do I know if I'm ready to buy a home?

A: You're ready when you have stable income, manageable debt, and some savings for a down payment and closing costs. A good first step is getting pre-approved — it shows you exactly what you can afford and what your monthly payment would look like. Learn how to prepare financially for your first home.

Q: What's the first step in buying a home?

A: Get pre-approved for a mortgage before you start looking at homes. This tells you your budget, shows sellers you're serious, and speeds up the process when you find the right home. I can connect you with trusted local lenders if you need a recommendation. Contact me to get started.

Q: How much do I need for a down payment?

A: It depends on your loan type. Conventional loans typically require 3-20%, FHA loans as low as 3.5%, and VA or USDA loans may require nothing down. I can walk you through the options and help you find what works for your situation.

Q: What are closing costs and how much should I expect?

A: Closing costs include lender fees, title insurance, appraisal, inspections, and prepaid taxes and insurance. In North Carolina, buyers typically pay around 2-4% of the purchase price. I'll give you an estimate upfront so there are no surprises.

Q: How long does it take to buy a home?

A: Once you're pre-approved, finding the right home can take a few weeks to a few months depending on the market and your criteria. After going under contract, closing typically takes 30-45 days. In Greensboro or High Point, homes move quickly — so being prepared helps. Once you close, check out this guide to unpacking efficiently.

Q: Should I sell my current home before buying a new one?

A: It depends on your finances and the market. Selling first gives you cash for a down payment and removes the pressure of carrying two mortgages. Buying first means you won't have to move twice. I can help you weigh the options based on your situation. Contact me to talk through your options.

Q: What happens if my offer gets rejected?

A: It happens, especially in competitive markets. We'll review the feedback, adjust our strategy if needed, and keep looking. Sometimes it takes a few offers to land the right home. I'll guide you through each one and help you stay competitive.

Q: Do I need a home inspection?

A: Yes, always. A home inspection reveals issues you can't see — roof problems, foundation concerns, HVAC issues, and more. It protects you from buying a home with hidden expensive repairs. I'll recommend trusted inspectors in the Piedmont Triad area.

Q: What's earnest money and how much do I need?

A: Earnest money is a deposit that shows the seller you're serious. In North Carolina, it's typically 1-2% of the purchase price. It goes toward your closing costs or down payment if the deal closes. If you back out for a valid reason in your contract, you get it back.

Q: How do I choose the right neighborhood?

A: Think about your commute, schools, lifestyle, and budget. I know the Piedmont Triad area well — from Oak Ridge and Summerfield to Reidsville and Eden. Tell me what matters most to you and I'll point you in the right direction.

Ready to find Your Home?

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