Question 1

What Is Escrow?

Accepted Answer

Escrow is a secure, third-party process used during real estate transactions to protect both the buyer and the seller. It ensures that money, documents, and property are safely handled until all parts of the agreement are completed.

Question 2

What is a contingency?

Accepted Answer

A contingency is a condition written into a real estate contract that must be met for the deal to move forward. If the condition isn’t met, the buyer (or sometimes the seller) can cancel the contract without penalty.

Question 3

Do I need a Pre-Approval letter to start looking at homes?

Accepted Answer

Technically, no — but it’s highly recommended.
 You can start browsing homes and even tour a few without a pre-approval letter, but here’s why getting one early is a smart move:

Why You Should Get Pre-Approved First:

Know Your Budget
 You’ll understand exactly how much home you can afford — no guessing.
Show Sellers You’re Serious
 In a competitive market, sellers prefer offers from buyers who are already pre-approved.
Move Faster
 If you find the perfect home, you’re ready to make an offer immediately.
Catch Surprises Early
 You’ll uncover any credit or financial issues before you're deep in the process.

Bottom line: You can look without it, but having a pre-approval gives you confidence, credibility, and a competitive edge.
Want help connecting with a lender or knowing what documents you’ll need? We've got you covered!

Question 4

What is a Disclosure Package?

Accepted Answer

A disclosure package is a set of documents that a home seller provides to potential buyers, sharing important information about the condition, history, and legal status of the property.
It’s meant to protect both the buyer and seller by making sure everything is out in the open before an offer is made.

The disclosure package gives buyers a clear picture of the home before making an offer — which builds trust, speeds up the process, and helps prevent surprises later on.

Question 5

What if I need to sell my home prior to purchasing a new one?

Accepted Answer

If you need to sell your current home before buying your next one, you're not alone — many homeowners are in the same boat. The key is planning ahead so the transition is smooth and stress-free. Here’s how we typically approach it:

Get Your Home Ready to Sell
 First, we’ll focus on listing and marketing your current home. We’ll help you get it market-ready and priced right so it sells smoothly and on schedule.
Make Your Next Purchase Contingent
 When you find a new home you love, we can write an offer that’s contingent on the sale of your current home — this protects you from being stuck with two homes or financial overlap.
Coordinate Closing Dates
 We’ll aim to close on both homes around the same time so you can move directly from your old home into your new one — no storage units or temporary rentals needed if we time it right!
Explore Financing Options If Needed
 If you want or need to buy before your current home sells, we can explore options like a bridge loan, HELOC, or rent-back agreement to give you flexibility.

Question 6

Can you recommend painters, contactors, etc.?

Accepted Answer

Over the years, we've built strong relationships with trusted local painters, contractors, and service providers who consistently do great work. Whether you need a full renovation, a quick refresh before listing, or just some help tackling your to-do list, I can connect you with professionals we know and trust.
Just let us know what kind of work you're looking to have done, and we'll send over a few recommendations to get you started!

Question 7

How much are closing costs?

Accepted Answer

In Western Kentucky, closing costs typically range between 2% to 5% of the home’s purchase price, depending on the price of the home, the lender, and other local factors.

Keep in mind:
Some costs are negotiable — especially in a buyer’s market.
Lenders are required to give you a Loan Estimate early in the process that breaks down estimated closing costs.
Local programs or certain loan types (like VA or USDA) may reduce what you pay out of pocket.

Ready to buy?

From first walk through final signature - we've got your back.

The Process

01

02

03

04

What Is Escrow?

What is a contingency?

Do I need a Pre-Approval letter to start looking at homes?

What is a Disclosure Package?

What if I need to sell my home prior to purchasing a new one?

Can you recommend painters, contactors, etc.?

How much are closing costs?

Ready to get started?

P.O. Box 85, Fancy Farm, Ky 42039

Proudly serving the West Kentucky area.

270-705-2065

mawilson@wk.net

Contact

Ready to buy?

From first walk through final signature - we've got your back.

The Process

01

02

03

04

What Is Escrow?

What is a contingency?

Do I need a Pre-Approval letter to start looking at homes?

What is a Disclosure Package?

What if I need to sell my home prior to purchasing a new one?

Can you recommend painters, contactors, etc.?

How much are closing costs?

Ready to get started?

P.O. Box 85, Fancy Farm, Ky 42039 Proudly serving the West Kentucky area.

270-705-2065 mawilson@wk.net

Contact

P.O. Box 85, Fancy Farm, Ky 42039

Proudly serving the West Kentucky area.

270-705-2065

mawilson@wk.net