Buyer Frequently Asked Questions
Buying a home is exciting—but it also comes with plenty of questions. Whether you’re a first-time buyer or a seasoned homeowner, we know the process can feel overwhelming.
At True North Group, we offer a strategic, data-driven approach to real estate, ensuring that you make informed decisions whether you're purchasing a home, land, or an investment property. Our market insights, negotiation expertise, and concierge-level service set us apart, helping you secure the best property at the right price with terms that align with your goals
The first step is getting pre-approved for a mortgage (if you’re financing your purchase). This will determine your budget and strengthen your position when making offers. We can connect you with trusted lenders who provide competitive rates and guide you through the pre-approval process.
We take the time to understand your needs and goals, then use advanced market analytics, off-market connections, and strategic search tools to identify the best opportunities. Whether you’re looking for a primary residence, a rental property, or commercial real estate, we tailor the search to your specific criteria.
Down payment requirements vary based on loan type and purchase strategy:
- Conventional Loans: Typically 5-20% down (or as low as 3% for some programs).
- FHA Loans: 3.5% down for qualified buyers.
- VA Loans: 0% down for eligible military buyers.
- USDA Loans: Believe it or not, non-VA qualified buyers also have 0% downpayment options in all of the Texas markets we serve!
- Investment Properties: Usually 15-25% down, depending on the loan.
If you're looking for alternative financing options, we also help navigate seller financing, lease-to-own opportunities, and creative investment strategies.
Yes, there are several ways to buy before you sell, including bridge loans, contingent offers, and lease-back options. We’ll work with you to develop a strategy that minimizes risk while allowing you to transition smoothly between homes.
The timeline varies, but a typical home purchase takes 30-45 days from contract to closing. If you’re paying cash, the process can be significantly faster. Our team will keep everything on track to ensure a smooth and efficient closing.
If your property doesn’t sell as quickly as anticipated, we’ll review the feedback from showings, adjust the pricing strategy if necessary, and enhance marketing efforts. We work closely with you to adapt to market changes and buyer responses, ensuring your property is well-positioned for success.
A professional inspector will evaluate the property's condition, checking for issues with the foundation, roof, plumbing, electrical systems, HVAC, and more. If concerns arise, we will negotiate repairs or seller concessions to ensure you’re making a sound investment.
Absolutely. We specialize in high-level negotiation strategies, using market data, property conditions, and seller motivations to secure the best deal possible. Whether it’s a lower price, closing cost assistance, or additional repairs, we work to get you the best terms.
In a competitive market, we craft strong, strategic offers that stand out while protecting your interests. Strategies may include:
- Flexible closing dates that align with the seller’s needs.
- Escalation clauses to outbid competition without overpaying.
- Stronger earnest money deposits to demonstrate commitment.
- Contingency adjustments to make your offer more attractive while keeping you protected.
We help investors find high-yield opportunities, whether it’s a rental property, fix-and-flip, or commercial space. We analyze market trends, rental income potential, and long-term appreciation to ensure your investment is strategic and profitable.
Yes, and we specialize in land acquisition. We help you evaluate zoning laws, development costs, builder options, and financing strategies to ensure that your purchase aligns with your goals.
We assist with relocations by providing virtual tours, market insights, and local expertise, ensuring you can confidently purchase a home from anywhere. Our network of trusted partners helps streamline the transition.
Yes! Builders have their own sales teams representing their interests. We advocate exclusively for you, ensuring that you get the best price, upgrades, and contract terms while protecting your investment.
At closing, you will sign final paperwork, pay any remaining closing costs, and receive the keys to your new property. We will be with you every step of the way, ensuring that everything is handled smoothly.
I can’t tell you just how much we LOVE working with VA buyers, and would be thrilled to be your expert guides in this process. In our opinion, the VA loan is one of, if not THE BEST loan product available to date and here is a chart breaking them down:
The best way to start is with a buyer consultation. We’ll discuss your goals, review financing options, and outline a custom plan to find the perfect property. Contact us today, and let’s begin your journey toward homeownership or investment success.
Ready to Buy? Let’s Chat!
Schedule a 45-minute consultation with one of our experts to discuss your home-buying goals.
We’ll provide valuable insights, guide you through the buying process, and answer any questions you have along the way.
HAVE ANY QUESTIONS?
We’re happy to answer any concerns you might have.
