BUYERS - ADVICE
Determine your budget
Buying your first home is one of the most important and exciting financial milestones of your life. But before we hit the streets, you need to have a pre-approval letter and a good sense of a realistic budget.
Just how much house can you comfortably afford?
There are many contributing factors which is why I highly recommend talking to an experienced, trustworthy mortgage professional who can guide you through the process and recommend different mortgage products that will work best for you.
Working with an Agent
#1. Having a buyer's agent is FREE to the buyer. Some people think they can save money by not using a buyer's agent. In most cases, this is simply not true; and in fact, it is usually just the opposite. In residential real estate, the commission is usually paid by the seller whether or not a buyer's agent is involved. Where else can you employ the services and receive the benefits of a trained and experience professional on your side for free!
#2. Having a buyer's agent gives you more negotiating power. Having a buyer's agent helps you hold all the cards when negotiating with the seller.
#3. It gives you full access to the MLS. As a member of the multiple listing service (MLS), your agent has full access to the searchable database of MLS listings. We can ask you the right questions to determine what you are looking for and what areas you are most interested in. Once we know your price range and what you are looking for, we will use the full power of the MLS to help you find it. We can provide printouts, email reports, and do custom searches to find available homes that meet your criteria. We can also setup auto emails to notify you automatically if a listing comes on the market that meets your criteria. To request auto emails, click here. Sometimes we can even tell you about new listings before they come on the market.
#4. A buyer's agent will save you valuable time. Why do something yourself when you can have a professional buyer's agent do it for you? A Buyer's agent spends a lot of time previewing homes and staying familiar with the current listing inventories. This knowledge -- as well as useful technologies such as virtual tours, interactive maps, Internet websites, and use of the MLS system -- will save you from waisting valuable time previewing homes that don't meet your needs. Your agent will also perform a lot of the services that you otherwise might have to do your self such as writing up offers, delivering earnest money, contracts, etc. to the title companies and lenders.
#5. It makes life easier and reduces stress. When you have a buyer's agent, you don't have to worry about driving neighborhoods for hours or worrying that you're missing the house that would be perfect for you. You can spend your time doing the things you enjoy while the search is being handled by someone else who is a professional. We've helped hundreds of people with their real estate needs, and our experience will help keep you from any unpleasant surprises throughout the entire buying process. When you use us as your buyer's agent, you'll actually be surprised at how much we do for you behind the scenes. You don't have to worry about the deadlines and "what ifs" because we do it for you.
#6. Your agent takes care of all the paperwork. From writing up the offer, to reviewing seller disclosures, to filling out escrow instructions, to reviewing the title work and closing documents. . . it's nice to have a trained professional by your side to handle the paperwork and to help answer any questions you might have. We done this more than a time or two, and we'll help you cross your t's and dot your i's and follow up with all the parties involved to make sure everyone meets their deadlines.
#7. A buyer's agent is a great resource of knowledge and information. Not only are we very familiar with the history and demographics of the area, but we know a lot about real estate. We will educate you about market conditions, and answer any questions you hav about the home buying process, including explaining fair housing laws and agency relationships. Our goal is give you the best and most accurate information to help you make the best possible informed decisions.
#8. You benefit from a network of professionals. Over the years, we've developed good working relationships with several home inspectors, mortgage lenders, title companies, and other professional tax and legal advisors. We know from experience which ones have delivered on time consistently and which ones have fallen short of the bar. We'll help you find the right professionals to help ensure a successful buying process without any regrets.
#9. A buyer's agent looks out for your best interest at all times. Your buyer's agent has a legal and ethical responsibility to represent your best interest at all times. Some of the duties that your agent has to you include: loyalty to you, promoting your best interests, disclosing known material facts, maintaining confidential information, and accounting for any money they handle in the transaction. If your agent knows something about the seller that might influence your decision to buy or not or to alter your offering price, they have a duty to disclose that to you subject to federal and fair housing laws. In shot, it's nice to know that someone has your back when you're in the trenches of buying real estate.
#10. It's nice to have a friend in the business. One of the things we enjoy most about working with buyers is the friendships and relationships that are formed. Our goal is to provide you with the services and be the type of person that you feel the same way about us when the transaction is completed. Your friendship and trust mean more to us than any compensation we get from selling real estate. We hope that if you ever need help buying or selling real estate in the future, or if you know anyone that needs help buying or selling real estate, that you'll give us a call.