FAQs

Drayton Realty

  • What are some unexpected costs of owning a home?

    Homeowners often encounter unforeseen expenses beyond the purchase price. These can include regular maintenance such as lawn care and air conditioning servicing, as well as property taxes, homeowners association fees, and pest control services. It's important to budget for these ongoing costs when considering homeownership.
  • How much can I afford?

    Determining your home affordability involves considering your income, expenses, and credit score. A common guideline is to allocate no more than 28% of your annual income towards housing costs. However, it's advisable to consult with a financial advisor or mortgage professional for a more accurate assessment of your specific situation.
  • How long does it take to close on a house?

    In the current real estate market, the average time to close on a house is approximately 30 days. This timeline can vary depending on factors such as financing, inspections, and any issues that may arise during the process. It's best to work closely with your real estate agent to understand the specific timeline for your transaction.