Written by the Bruno Swift Real Estate Team, Robyn Bruno and Amanda Swift
You asked and we delivered! Your Top 5 questions from Buyers and Sellers are answered below! Have questions – DM us and we can provide details.
Top Questions from Buyers
1. How much house can I afford?
Answer:
Your budget depends on your income, debts, credit score, down payment, and current interest rates. Before shopping, we recommend getting pre-approved by a lender so we know exactly what price range fits your financial goals. If you are looking for a great lender, we have recommendations.
2. Do I really need a pre-approval before looking at homes?
Answer:
Yes. A pre-approval strengthens your offer, helps you shop within your budget, and shows sellers you’re a serious buyer. In most situations, sellers don’t consider an offer without a pre-approval or proof of funds.
3. How much money do I need for a down payment?
Answer:
Many buyers are surprised to learn they don’t need 20% down. Depending on the loan program, qualified buyers may be able to purchase with as little as 3% to 5% down, and some programs offer even lower down-payment options.
Secrets of a Downpayment: https://brunoswift.com/blog/5-secret-sources-of-down-payment-money/
4. What are closing costs?
Answer:
Closing costs are fees associated with the purchase of a home, including lender fees, title work, insurance, taxes, and other transaction expenses. Buyers should generally budget an additional 2%–5% of the purchase price. Once you discuss with a lender, they can show you a fee sheet.
For more information visit: https://brunoswift.com/blog/demystifying-closing-costs-for-the-new-orleans-area-home-buyer/
5. Should I buy now or wait for rates to drop?
Answer:
The best time to buy is when you’re financially ready. Interest rates may change, but home prices can also increase. Many buyers choose to purchase now and refinance later if rates improve.
For more information visit: https://brunoswift.com/blog/what-a-drop-in-interest-rates-means-for-homebuyers/
Top Questions from Sellers
6. How much is my home worth?
Answer:
The value of your home depends on recent comparable sales, location, condition, upgrades, and current market demand. We can provide a Comparative Market Analysis (CMA) to estimate your home’s current market value.
7. What should I do before listing my home?
Answer:
Focus on decluttering, deep cleaning, AC service, clean gutters, minor repairs, curb appeal, and staging key areas. First impressions matter, and small improvements can significantly impact buyer interest and offers.
8. How long will it take to sell my home?
Answer:
The timeline depends on pricing, condition, location, and market conditions. Properly priced homes in desirable areas often attract strong interest quickly, while overpriced homes may stay on the market longer. Ask us for the average days on market for your area.
9. Should I make repairs before selling?
Answer:
Not always. Some repairs offer a strong return on investment, while others don’t. We’ll help identify which improvements are most likely to increase your home’s value and attract buyers.
10. How do I get the highest price for my home?
Answer:
Pricing strategically, preparing the home properly, using professional photography, marketing aggressively, and negotiating effectively are the keys to maximizing your sale price.
Bonus Question
Is now a good time to buy or sell in the New Orleans area?
Answer:
Every market creates opportunities. Buyers may find less competition during certain periods, while sellers can benefit from limited inventory. The right move depends on your personal goals, timeline, and financial situation—not just headlines about the market.