the most searched real estate questions

2026 Guide to the Most Searched Real Estate Questions

Posted on

As a real estate professional in 2026, understanding the most searched real estate questions can significantly enhance your services. To help you up your game this spring, let’s review the questions potential clients want answered by applying current market data from Lee County, Auburn and Opelika, using March’s data. 

Should I sell my home in 2026?

Deciding to sell a home can be daunting. In Lee County, properties are selling fast, with average days on the market decreasing to 61 from 65 last March, indicating a dynamic market. If your clients are contemplating selling, now might be an opportune time to capitalize on these favorable conditions.

Is it a good time to buy a house?

The perennial question of whether it’s a good time to buy a house remains a top query this year. In a broader sense, when average selling prices rise in some areas and decrease in others, it highlights the dynamic nature of real estate markets. 

Such fluctuations suggest that there are different opportunities for buyers depending on location. For those seeking to invest, areas experiencing price drops might offer good buying opportunities, while regions with rising prices indicate strong demand and growth.

What does my credit score need to be to buy a home?

In 2026, lenders usually require a minimum credit score of 620 to qualify for conventional loans. However, higher scores can unlock better interest rates. For example, a score above 740 might help clients secure the most favorable terms. 

Educate your clients on how to boost their credit scores by paying down debt and correcting inaccuracies in their credit reports. This knowledge empowers them to secure the best possible mortgage rate.

What is the average price of a home in my area?

Understanding local market trends is essential. In Lee County, the average home price is $445,430, reflecting a stable market. In Lee County, the average sale price increased by 2.7% to $445,430 in March 2026. 

Meanwhile, Auburn saw a significant 15.7% rise, with average prices at $551,134. On the other hand, Opelika experienced a slight 3.4% decrease, with homes averaging $340,766. For buyers, this suggests varied opportunities depending on location. 

Encourage your clients to stay informed about these trends and use this data to inform their buying or selling decisions.

How much do I need for a down payment?

For many potential homebuyers, down payment requirements are a major concern. Typically, 20% is recommended to avoid private mortgage insurance (PMI), but FHA loans may allow as little as 3.5% down. 

For example, in Lee County, a 20% down payment would be approximately $89,086, considering the average home price. Providing clients with various financing options can make homeownership more accessible.

How long does it typically take to buy a home?

The home-buying process can vary, but generally, it takes about 30 to 45 days from offer to closing. However, since closing depends on various circumstances, it’s a good idea to prepare your clients for a flexible timeline. Managing expectations is key.

What are the hidden costs of buying a home?

Beyond the down payment, buyers should budget for closing costs, which are typically 2-5% of the loan amount. Consider inspection fees, moving expenses and potential renovations. 

By discussing these hidden costs upfront, you empower clients to feel better prepared and more confident throughout their home-buying journey.

How can we make our offer stand out?

In competitive markets like Auburn, where home prices are rising, crafting a standout offer is crucial. Encourage clients to get pre-approved for a mortgage, write a personal letter to the seller, and consider waiving some contingencies. These strategies can enhance their chances of success.

Summary

To summarize, the local real estate market in our area presents unique opportunities and challenges. With an increase in the number of homes listed and fluctuating price trends, understanding these dynamics is essential. 

So, using the most searched real estate questions in 2026 to empower yourself as REALTORS and real estate professionals helps you better serve clients. For more insights and strategies, whether you’re an agent or an interested party, read our blogs and stay updated with the latest market trends.

types of contingent offers

Real Estate Defined: Types of Contingent Offers

Posted on

Before we explore the various types of contingent offers, let’s clarify what a contingency is. A contingency, or contingent offer, means specific conditions must be met before the sale proceeds. Otherwise, the contract is void and the seller can consider other offers.

Home inspection contingency

A home inspection contingency helps protect the buyer if the home inspection uncovers certain issues, allowing the buyer to back out.

A home inspector will assess the home’s condition, looking at all aspects, including unnoticeable details and things buyers might not consider. If the inspection reveals major flaws in the home’s interior or exterior specified in the contract, the buyer can back out or request repairs or a lower purchase price.

Mortgage contingency

Giving the buyer a specific period to secure home financing is known as a mortgage contingency. Typically, this contingency is done early in the process, but you will want to ensure you have been pre-approved for a mortgage.

Appraisal contingency 

An appraisal contingency happens most often when you are taking out a mortgage. This is because lenders require an appraisal, which is a third-party assessment of what the home is worth.

Even if both buyer and seller agree on a sales price, your lender can’t offer you a mortgage for more than the home’s appraisal. But, hope for a sale isn’t lost. Buyers can put down a larger down payment if they have the money so they won’t need a loan for more than the house is worth, for example.

Title contingency

Next up on types of contingent offers is a title contingency. This means the buyer’s offer is contingent upon the home having a “clean title” free of liens or obstacles.

If there are any claims against the title, it can make a purchase risky for buyers. But luckily, a title search can reveal these issues before closing. However, even if concerns are addressed, title insurance protects against future claims.

Home sale contingency

One of the most common contingencies is a home sale contingency. This contingency means that the sale of the home you’re looking to buy will only go through if your current home sells first.

Although it is possible to move forward with buying a new house before your current home sells, a lender may be able to help you with a bridge loan or suggest another financial strategy. Or you can try to request a later closing date—this will rely on the seller’s agreement.

Summary

Now that you know more about the types of contingent offers and what to expect, connect with a trusted REALTOR to learn more. Check out our Lee County Association of REALTORS members to find a good fit.

For more news and information, continue reading our blogs.

a walk through the home buying process

A Walk Through the Home Buying Process

Posted on

Are you thinking about purchasing your first home? Or has it been a while since you’ve last sold or bought a home? Regardless of the answer, let’s take a walk through the home buying process to refresh your memory and remind you how to prepare for it.

Understand your finances.

In other words, check your financial health. Review your credit score, look at your expenses versus your income and calculate how much you can afford.

Create a budget.

When it comes to budgeting, remember to calculate the one-time and recurring costs. These include the down payment, closing costs, move-in expenses and property taxes, for example. Typically, a 20% down payment is the norm.

Get pre-approved for a mortgage.

Before you start looking at homes, it’s important to get pre-approved for a mortgage. This will give you a better understanding of how much you can afford to spend on a home and will show sellers that you are a serious buyer.

To get pre-approved, you’ll need to provide your financial information to a lender, who will then determine how much they are willing to lend you.

Find a Realtor.

A Realtor will be your guide through the home buying process, helping you find homes that meet your criteria, negotiating offers and navigating the closing process. Look for an agent who is experienced in the local market and has a track record of successful transactions.

Start house hunting.

Once you have your pre-approval and a Realtor, it’s time to start looking at homes. Make a list of your must-haves and nice-to-haves. Be open to exploring different neighborhoods and property types. Attend open houses, schedule private showings and don’t hesitate to ask your Realtor for their expert opinion.

Make an offer.

When you find a home that checks all the boxes, it’s time to make an offer. Your Realtor will help you draft a competitive offer that takes into account the current market conditions and the seller’s motivations.

Schedule a home inspection and appraisal.

As we continue our walk through the home buying process, it’s important to remember this critical step. A home inspection helps determine if the property has any structural, mechanical or other potential issues.

Depending on the report, potential buyers can request specific repairs from the seller or back out of the deal.

Prepare for the closing.

It’s official! As you get closer to closing day, your Realtor will help you become familiar with the standard closing documents beforehand. On or near closing day, plan on doing the final walk-through with your Realtor to ensure that everything’s as agreed upon.

Summary

With a walk through the home buying process fresh on your mind, do you have more questions for an experienced Realtor? Connect with your next local Realtor to have your questions answered and start your search for a home in Lee County. Keep reading our blogs for more real estate news and guidance.

items lenders look for when reviewing a mortgage application

5 Items Lenders Look For When Reviewing Your Mortgage Application

Posted on

Before you score your dream home, you usually need to secure a loan. What’s a good way to do that? For starters, you can review these five items lenders look for when reviewing your mortgage application now to see how you stack up.

Income and Expenses

Obviously, lenders will look at your income—and having steady income is a good thing. In a nutshell, good income equals good chances of making your payments consistently.

However, lenders will look on the other end of the spectrum too. They will review your expenses—fixed and flexible—to help determine your debt-to-income ratio.

Down Payment

Down payments vary and depend on buyers’ personal situations. With that said, typically the larger the down payment, the better.

For instance, lenders are more likely to give lower interest rates with lower loan amounts. In general, a solid number to aim for when it comes to down payments is 20 percent.

Credit History

This is one of the items lenders look for when reviewing your mortgage application that is in-depth. First of all, it goes well beyond your credit score. Lenders will want to see a full credit report.

Below is a quick look at other factors lenders might check:

  • Payment history: It pays to make payments on time. Having a good payment track record when it comes to credit cards and past loans reflects well on potential borrowers.
  • Negative marks: This includes missed payments, collections, delinquent accounts or bankruptcy.
  • Recent credit applications: Some lenders may see too many recent applications for lines of credit as a sign of financial woes.
  • Being an authorized user: Be careful who you share credit card accounts with. If you are an authorized user on someone else’s card, how they handle it reflects on your report as well.

These are but a few prime examples of what lenders will discover in your credit report. The good news is you can also access your credit report for free at least once a year at AnnualCreditReport.com.

Employment History

Basically, proof of stable employment for multiple years works in your favor. It demonstrates a pattern of responsible behavior.

Liquid Assets

Perhaps liquid assets can be thought of as security blankets for lenders. Knowing what assets borrowers could turn to cash quickly in a pinch is comforting when it comes to their return.

Summary

Remember, this list of items lenders look for when reviewing your mortgage application is just a start. Consider being proactive and accessing your credit report. Then make any adjustments you can to improve your overall report.

In the meantime, you can always talk to your Realtor more about what lenders may consider as well as what you, as a borrower, should look for in a lender. Check out our other blogs for more real estate news and local market trends!