Jim Duncan

I intend for this page to become a one-stop shop for those seeking to purchase their first homes in the Charlottesville area. I love working with first-time homebuyers; I even have a series of stories I've written answering some of the most common questions asked by buyers in the Charlottesville area.

If you ever have a question, please don't hesitate to call or email me anytime:

434-242-7140 
jim@realcentralva.com 

• Do I need a Buyer's Agent?

 

• What does a Buyer's Agent do for me?

 

• When should I talk to a lender? Sooner rather than later. A good lender will help you determine your "comfortable" price range - the price point at which you will not be stressed every month wondering whether you will be able to make the mortgage payment. In addition, a good lender will advise you on the inherent risks in the loan products you are considering. For example, interest only loans are great products - when used appropriately.

 

• What is the "Charlottesville area"? - Charlottesville, Albemarle, Greene, Fluvanna, Louisa, Nelson - also known as "Central Virginia"

 

• Where do I start looking?
  

•   What are the steps in Buying a Home?
  
  • Find a Buyer's Agent (interview several)
  • Talk to a lender to get pre-approved for your comfortable price range
  • Search for homes with and without your Realtor (but don't go see homes with the listing agent if you've signed a Buyer-Broker Agreement
  • Put an offer on a home. Once it's signed by both parties, it's a Ratified Contract, and all the timelines begin
  • Get a home inspection (including Radon, if you so choose)
  • Apply for financing and work towards loan commitment
  • Choose an attorney or title company
  • Negotiate the home inspection items
  • Proceed to closing
• There are many more steps in between the above items, but these are some of the highlights.

Please email me your questions, and don't feel as if you are asking me something I've already been asked by somebody else. Educating is one of my favorite parts of my career. I do this every day and I love it. If I were stepping into your career, I'd probably have questions, too.