Kwon Home Group
FAQs

Real estate questions,
answered clearly.

Whether you're buying, selling, leasing out your home, or trying to understand your next move, these are the questions we hear most — answered clearly, without pressure.

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Buying FAQs

11 questions
How do I get started buying a home? +
Start with a buyer consultation and a lender pre-approval. Before touring, you should understand your budget, monthly payment, target areas, timeline, and offer strategy.
Do I need to be pre-approved before touring homes? +
Yes, especially in competitive markets. A strong pre-approval helps you understand your buying power and shows sellers you are serious and qualified.
What is the difference between pre-approval and pre-qualification? +
Pre-qualification is usually a basic estimate. Pre-approval is more detailed and typically includes lender review of income, credit, assets, and debt.
How much do I need for a down payment? +
It depends on your loan type. Some buyers may qualify with 3% to 5% down, while others choose 20% or more to reduce monthly payment or avoid PMI.
How do I make a strong offer? +
A strong offer is more than price. Loan strength, deposit size, contingency structure, timeline, possession terms, seller motivation, and agent-to-agent communication all shape how your offer reads. We study the competition and the seller's priorities before we write.
What is earnest money? +
Earnest money is a good-faith deposit placed into escrow after your offer is accepted. It is usually applied toward your down payment or closing costs.
What are contingencies? +
Contingencies are protections in the contract, such as inspection, appraisal, and loan contingencies. They give you time to investigate the home and financing before fully committing.
What happens if the appraisal comes in low? +
Depending on your contract, you may renegotiate, cover the gap, adjust terms, or cancel if you still have the proper contingency protection.
What inspections should I get? +
Most buyers start with a general home inspection. Depending on the property, you may also consider pest, roof, sewer, chimney, pool, mold, or structural inspections.
Can you help with new construction? +
Yes. We can attend builder appointments, review contracts, discuss upgrades, compare lots, and help you understand incentives and timelines.
How long does escrow typically take? +
Many Orange County escrows are around 30 days, but timelines can vary depending on loan type, contingencies, and negotiation.
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