Information
At MyagentLanay.com, we understand that buying or selling property can be overwhelming. That's why we've compiled a list of frequently asked questions to provide clarity and guidance. Explore below for expert insights tailored to the Louisville real estate market.
Frequently asked questions
Welcome to the FAQ page for MyagentLanay.com, your trusted real estate expert in Louisville, Kentucky. With nearly 100 homes sold this year, Lanay Washington brings responsiveness, honesty, and a keen understanding of the local market to every client. Here are some of the most common questions clients ask when buying or selling property in Louisville.
How do I start the process of buying a home?
The first step is to get pre-approved for a mortgage. This will give you a clear understanding of how much you can afford and strengthen your position when making an offer.
What are closing costs and how much should I expect to pay?
Closing costs typically range from 2-5% of the home's purchase price. These costs include fees for the lender, title company, appraisals, and taxes. Your agent can provide a detailed estimate.
How do I know if a home is priced fairly?
Your real estate agent will perform a comparative market analysis (CMA) to assess the prices of similar homes recently sold in the area. This helps determine if the asking price aligns with market value.
What types of loans are available (FHA, VA, Conventional, USDA)?
There are several types of loans available, each with its own requirements and benefits. FHA loans are popular with first-time buyers due to lower down payment options. VA loans are for veterans and offer benefits like no down payment. Conventional loans typically require a larger down payment, while USDA loans are for rural properties.
What makes your approach to real estate different?
Lanay's approach is defined by local knowledge, responsiveness, process expertise, negotiation skills, and support in challenging situations. Clients appreciate her deep understanding of Louisville neighborhoods, prompt communication, and ability to guide them through each step of the real estate transaction.
Are there specific neighborhoods you specialize in?
Lanay specializes in residential real estate with a strong focus on first-time buyers, sellers, and relocation clients in Louisville Metro and surrounding Kentucky counties. Neighborhood expertise includes Pleasure Ridge Park, Shawnee,Shepherdsville and Mt.Washington
How does debt-to-income ratio affect loan approval?
Your debt-to-income ratio (DTI) is a key factor in loan approval. Lenders want to see that you have enough income to comfortably manage your existing debts along with a new mortgage payment. A lower DTI increases your chances of approval.
Can you share a story about helping a client make a smart decision?
A first-time homebuyer fell in love with a house but questioned why it was priced lower than others. Lanay discovered it backed onto a Flood Zone, affecting daily living and resale value. The client passed on it and found a better home, later expressing gratitude for saving them from a regretful decision.
Your dream home awaits
Let MyagentLanay.com help you find the perfect property in Louisville. With local expertise, responsive service, and a commitment to your best interests, Lanay Washington is your trusted real estate partner.
