Faq's

Frequently Asked Questions ?
How do I start the process of buying a home?

Begin by contacting Oval Realty to schedule a consultation. We'll help you determine your budget, get pre-approved for a mortgage, and start your home search.

What is the benefit of getting pre-approved for a mortgage?

Pre-approval helps you understand your budget, strengthens your offer, and shows sellers that you're a serious buyer.

How does Oval Realty help first-time homebuyers?

We guide first-time buyers through every step, including financing options, finding the right property, and navigating the closing process.

How do I know what neighborhood is right for me?

Our agents provide insights into local neighborhoods, including schools, amenities, and property values, to help you find the perfect fit.

What’s included in a home inspection, and do I need one?

A home inspection evaluates the property’s condition, identifying any potential issues. It’s highly recommended for all buyers.

Can I negotiate the price of a home?

Yes, our agents are skilled negotiators who work to get you the best deal possible.

What are closing costs, and how much should I expect to pay?

Closing costs typically include fees for the lender, title company, and government filings. They usually range from 2% to 5% of the purchase price.

How long does it take to buy a home?

The process can take anywhere from 30 to 90 days, depending on factors like financing, inspections, and market conditions.

Do you help with down payment assistance?

Yes, we can connect you with programs that offer down payment assistance if you qualify.

What happens after I make an offer on a home?

Once your offer is accepted, we guide you through inspections, appraisals, and closing paperwork until you receive the keys to your new home.

How do I determine the value of my home?

Oval Realty provides a free Comparative Market Analysis (CMA) to estimate your home’s value based on current market conditions.

What’s the best way to prepare my home for sale?

Declutter, make necessary repairs, stage your home, and enhance curb appeal. Our agents provide personalized advice to maximize your home’s value.

How does Oval Realty market my home?

We use a combination of online listings, social media, professional photography, virtual tours, open houses, and targeted marketing campaigns to attract buyers.

What are the costs of selling a home?

Costs may include real estate agent commissions, closing fees, repairs, and any mortgage payoff. We’ll provide a detailed estimate upfront.

How long will it take to sell my home?

The timeline depends on market conditions and the pricing strategy, but we strive to sell your home as quickly as possible while maximizing its value.

What should I disclose to potential buyers?

Sellers are required to disclose any known defects or issues with the property, such as structural problems or past water damage.

Can I sell my home while still living in it?

Yes, many sellers live in their homes during the selling process. We’ll work with your schedule for showings and open houses.

What happens if my home doesn’t sell?

If your home doesn’t sell within a reasonable timeframe, we’ll revisit the pricing strategy, marketing efforts, and market conditions to adjust as needed.

Do I need to hire a real estate agent to sell my home?

While it’s not required, working with an experienced agent ensures professional marketing, accurate pricing, and skilled negotiation.

What is the process after receiving an offer?

Once an offer is received, we’ll review it with you, negotiate terms if necessary, and guide you through the acceptance, inspection, and closing processes.

What types of commercial properties does Oval Commercial handle?

We specialize in retail, office, industrial, and multi-family investment properties.

How does Oval Commercial assist with leasing?

We help both tenants and landlords negotiate favorable lease terms and find the perfect fit.

Can you help me find an investment property?

Absolutely! We offer tailored services to identify and evaluate high-potential investment opportunities.

What market areas do you cover for commercial real estate?

We primarily serve Northern Virginia and surrounding regions, with expertise in local market dynamics.

What is the difference between Triple Net (NNN) and Gross leases?

Triple Net leases require tenants to pay taxes, insurance, and maintenance, while Gross leases cover these costs in the rent.

Do you help with commercial real estate financing?

Yes, Oval Funding provides financing solutions for commercial real estate purchases and developments.

How can Oval Commercial assist with property management?

We offer comprehensive management services, including tenant relations, maintenance, and financial reporting.

Can you assist with 1031 Exchange transactions?

Yes, we can guide you through the 1031 Exchange process to defer capital gains taxes.

What’s the typical ROI on commercial real estate investments?

ROI varies by property type and market, but we provide detailed projections during our consultation.

How do I get started with Oval Commercial?

Simply contact us to discuss your needs, and we’ll match you with the right team member.

What is a business broker, and why do I need one?

A business broker helps buy or sell businesses, ensuring a smooth and professional transaction.

How does Oval Business Brokers value my business?

We use detailed market analysis, financial assessments, and industry benchmarks to determine fair market value.

What industries do you specialize in for business brokerage?

We work across various industries, including retail, hospitality, healthcare, restaurants, manufacturing, service, government contracting, and technology.

How long does it take to sell a business?

The timeline varies depending on the business type and market conditions but typically takes 6–12 months.

What is the process for selling a business with Oval Business Brokers?

We begin with an assessment, create a marketing strategy, vet buyers, and handle negotiations to closing.

Can you help me buy a business?

Yes, we assist pre-qualified buyers in identifying opportunities, conducting due diligence, and negotiating favorable terms.

What fees are involved in selling a business?

Our fees are typically a percentage of the final sale price and are discussed upfront. We do not charge anything unless we sell and bring you a big fat check. Try us risk free.

Do you maintain confidentiality during the sale process?

Yes, confidentiality is a top priority to protect your business operations and relationships.

What is a Main Street business, and do you work with them?

Main Street businesses are small to mid-sized businesses, and we specialize in helping owners of these types.

Does Oval Business Brokers provide financing for business purchases?

Yes, through our partnerships and Oval Funding, we can help you secure financing.

What types of mortgage loans do you offer?

We offer a variety of loans, including fixed-rate, adjustable-rate, Conventional, FHA, VA, and jumbo loans.

How can I apply for a mortgage with Oval Funding?

You can start by filling out an online application or contacting one of our mortgage specialists for a consultation.

Do you offer pre-approvals for mortgages?

Yes, we provide quick pre-approvals so you can confidently shop for your new home.

What documents are required to apply for a mortgage?

You’ll typically need proof of income: 30 days recent pay stub, 2 years of tax returns, 2 months most recent bank statements, social security and identification.

What credit score do I need to qualify for a loan?

While requirements vary by loan type, we work with a range of credit profiles to find the best solution for you.

Can I refinance my existing mortgage with Oval Funding?

Yes, we offer refinancing options to help lower your rate, shorten your term, or access equity.

How long does the mortgage process take?

On average, the process normally takes 30–45 days, but it can vary based on your circumstances and we have done it in as little as two weeks.

Do you help with down payment assistance programs?

Yes, we can guide you on available programs that may help reduce your out-of-pocket expenses.

What happens if I’m self-employed? Can I still get a loan?

Absolutely! We specialize in helping self-employed individuals with tailored loan options.

Do I get mortgage mortgage status?

Yes, we keep track of the loan application progress in real time and keep you updated with the progress.

What career opportunities are available at Oval Realty?

We offer roles for real estate agents, property managers, mortgage loan officers, business brokers, and administrative staff. Currently we are seeking Partners and Associates in Northern Virginia and Richmond City. Also, Real Estate Agents in Kathmandu and Pokhara Office in Nepal.

Do I need prior experience to join Oval Realty?

While experience is preferred for some positions, we provide training and mentorship for the right individuals, new to the real estate industry. Some positions require licencing. 

What are the benefits of joining Oval Realty?

We offer competitive commission structures, ongoing training, access to industry tools, marketing support, and a collaborative team environment.

How do I apply for a position at Oval Realty?

Visit our “Join Us” page and fill out the application form, or contact our HR team directly to discuss available opportunities.

Does Oval Realty provide training for new agents?

Yes, we offer comprehensive training programs for new agents to help them succeed in the real estate industry.

What qualities does Oval Realty look for in candidates?

We value professionalism, a strong work ethic, excellent communication skills, and a passion for delivering exceptional service.

Can I work remotely as an agent with Oval Realty?

Yes, we offer flexible working arrangements, including remote opportunities, depending on the role and market conditions.

Does Oval Realty provide leads for agents?

Yes, we can provide leads and marketing support to help our agents build their client base and succeed.

Are there opportunities for growth and advancement?

Absolutely! We encourage personal and professional growth, offering pathways to leadership roles and specialized career tracks.

What makes Oval Realty a great place to work?

Our supportive culture, industry expertise, innovative tools, and focus on work-life balance make Oval Realty a rewarding place to build your career.

Have a question

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Please allow 06 - 12 business days from the time your package arrives back to us for a refund to be issued.

  • Address: 13575 Heathcote Blvd Suite #310, Gainesville, VA 20155
  • Email: info@ovalrealty.com
  • Phone: 703-507-2367