Buying a home is one of the most important financial decisions you'll ever make. Whether you're a first-time buyer or an experienced investor, you may have questions along the way. We've answered some of the most common questions to help you feel informed and confident throughout the home-buying process.

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1. Do I need to be pre-approved before looking at homes?

While it's not required, obtaining a mortgage pre-approval is highly recommended. It helps you understand your budget, strengthens your offer, and allows sellers to see that you're a qualified buyer.

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2. How much money do I need for a down payment?

The required down payment depends on your loan program, lender, and financial qualifications. Some loan programs require a lower down payment than others. A mortgage professional can help determine the best option for your situation.

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3. What additional costs should I expect besides the purchase price?

In addition to the purchase price, buyers may also be responsible for:

• Earnest money deposit

• Closing costs

• Home inspection

• Appraisal fees

• Homeowners insurance

• Property taxes

• Escrow and recording fees

• Moving expenses

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4. How long does the home-buying process usually take?

Every transaction is different, but most purchases typically close within 30 to 60 days, depending on financing, inspections, title work, and any negotiated timelines.

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5. What is earnest money?

Earnest money is a deposit submitted with your purchase offer to demonstrate your good-faith intention to buy the property. The amount and terms are negotiated as part of the purchase contract.

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6. Should I get a home inspection?

Yes. A professional home inspection can help identify potential issues with the property before closing, allowing you to make informed decisions and negotiate repairs if appropriate.

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7. Can I buy a home if I'm selling my current home?

Yes. Many buyers coordinate the sale of their current home with the purchase of a new one. We can help you develop a strategy that works with your financial and timing needs.

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8. What if I don't find the right home right away?

That's perfectly normal. We'll continue searching, monitor new listings, and notify you when properties that match your criteria become available. Our goal is to help you find the right home—not just the next available one.

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9. Do I need a real estate agent to buy a home?

While you can purchase a home without representation, having a knowledgeable REALTOR® can help you navigate negotiations, contracts, inspections, disclosures, and the closing process while protecting your interests.

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10. Can you help military families relocating to Guam?

Absolutely. We proudly assist military personnel and their families relocating to Guam by helping them find homes that meet their needs, timelines, and budgets.

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11. Can foreign buyers purchase property in Guam?

In many cases, yes. The rules depend on the type of property, ownership structure, and applicable laws. We can explain the process and connect you with legal and financial professionals if needed.

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12. How do I get started?

The first step is simple. Contact 21st Century Realty to discuss your goals. We'll help you understand the buying process, connect you with a trusted lender if needed, and begin searching for the right property.

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Still Have Questions?

Every home purchase is unique, and we're here to provide personalized guidance every step of the way.

Contact 21st Century Realty today. We'd be happy to answer your questions and help you move forward with confidence.