Buyer FAQs

Answering Your Montgomery County Maryland & DC Suburbs Home-Buying Questions

Are you in the market to buy a home? Whether it's your first time or your fifth time, buying a home can be a confusing process. That's why the Movin' Maryland Team is here to help you get some answers! From helping you know what to look for in a home to giving you a few pointers on finding the right mortgage for you, we're here to make your home-buying as easy as possible. 

Not finding what you're looking for? No problem—just give our team a call! 

1. Where Should I Start the Buying Process?

  • One of the most important steps to preparing to buy a home is getting your finances all figured out. We recommend using our mortgage calculator to get an idea of what a monthly mortgage payment might look like for you..
  • Once you get a better idea of your ideal price range, it's time to start learning more about the communities around the Montgomery County and suburban DC area.
  • If you're a first-time buyer, you might want to get more information first!

2. How Do I Know What to Look for in a Home?

  • Finding the right features, size, and location is totally up to you! Only you can decide what exactly you want and need from a home—but we'll be around to give you some ideas.
  • Start by thinking about what's most important to you. How much room do you want? Do you want to be close to work or schools? Do you want specific features like an in-ground pool or a closed-in porch?
  • Browse our featured listings, or start searching homes by amenities and features, and compile a few options to see in person. 

3. Why Should I Use an Agent?

  • A good agent is someone who has been working around the area for years, so they can offer a unique blend of local experience and market expertise.
  • A local agent will also know the ins and outs of the neighborhoods and communities in the area, so they'll be able to recommend personalized options. 
  • From finding you the right price range and negotiating finances to answering any and all of your questions along the way, the right agent is invaluable to your experience. 

4. Where and How Can I Get a Loan?

  • Mortgage loans are typically available through banks, credit unions, private mortgage companies, and government state lenders.
  • Your agent can help connect you with lenders, but you can also shop for lenders on your own. If you choose to do this, make sure you take some time to search around and compare rates. 

5. What if I Have Bad Credit or No Down Payment?

  • Don't worry—through federal and local home-buying programs, you still have plenty of options for coming up with the finances.
  • The Federal Housing Administration (FHA) helps home buyers by offering insured loans. In other words, if you, the buyer, defaults, then the lender will still get their money. Insured loans encourage lenders to work with more buyers regardless of their credit or available down payment.
  • Many state and local governments offer more programs for buyers who meet various criteria or are buying within individual communities.
  • The Department of Housing and Urban Development (HUD) also offers many assistance programs to home buyers, so browse their website or give them a call to see if you qualify.

6. Once I Find My Home, What Will I Have to Pay Up Front?

  • Earnest money: Think of this payment as the "security deposit" on your home. You'll pay earnest money when you submit your offer to show the seller that you are serious. After your offer is accepted, it'll be applied to your down payment and closing costs.
  • Down Payment: As percentage of the cost of your home, your down payment amount will depend on total price of your home. Some government programs can help you buy a home with a smaller down payment.
  • Closing Costs: These are typically low for buyers and represent the fees associated with paperwork and lender charges.

7. What Other Costs Will I Pay?

  • Other costs can include utilities, HOA or condo fees, and property taxes—which are typically included in your mortgage payment.
  • Ask your agent about additional fees associated with your particular home, community, or neighborhood.

I Still Have Questions!

No problem; we're here to help! Give us a call today, and we can answer any of your home-buying questions about properties for sale and real estate in Montgomery County and its many communities.

Want more information? Learn more about buying a home in the Montgomery County & DC area by browsing some more of our online resources!

Montgomery County & DC Area Home Buying Resources


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