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Buying a Home |
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| This is the
most important financial decision in your life. Our seasoned
professionals want to be able to assist you on your decision.
We will be able to assist you in every step of this transaction.
Even prior to finding a home, we can
assist you with mortgage and financial information. An
astute buyer is wise to get "pre-approved" for financing in order
to be in a stronger and more credible position when it comes time
to write a contract to purchase a property. |
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What is a Real Estate Buyer's
Representative? |
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| A real
estate buyer's representative represents the buyer who is
purchasing property in a real estate transaction. The
buyer's representative works for, and owes fiduciary
responsibilities to, the real estate buyer and has buyer's best
interest in mind throughout the process. |
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Why use a Real Estate Buyer's
Representative? |
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| Purchasing
real estate is a complex and major transaction with many details
to be handled. A buyer's representative is responsible for
protecting the buyer's best interest. Research by the
NATIONAL ASSOCIATION OF REALTORS has shown that when a buyer's
representative is used, the prospective buyer found a home one
week faster and examined three more properties than consumers who
did not use a buyer's representative. |
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A buyer's
representative will:
- Evaluate the specific needs and
wants of the buyer and locate properties that fit those
specifications.
- Assist the buyer in determining
the amount that they can afford (pre-qualify), and show
properties in that price range and locale.
- Search for homes in the Schuylkill
County Multiple Listing Service.
- Set up and accompany the buyers on
all showings.
- Research the selected properties
to identify any problems or issues to help the buyer make an
informed decision prior to making an offer to purchase the
property.
- Assist in preparing an offer on a
selected property. Sellers get turned off when buyers make
very low offers. You will be advised on structuring an
appropriate offer to purchase the selected property.
- Present the offer to the seller's
agent and the seller on the buyer's behalf.
- Negotiate on behalf of the buyer
to help obtain the identified property, keeping the buyer's best
interests in mind.
- Assist in securing appropriate
financing for selected property.
- Monitor progress toward closing
when a contract is accepted.
- Arrange and monitor the appraisal,
title search, loan approval and will immediately advise of any
discrepancies during the contract.
- Coordinate and monitor the
settlement process, such as verification of closing fees and
final walk through.
- Stay in contact with you, to make
sure things are proceeding smoothly.
- Have a representation at closing
to assure a successful conclusion
Most importantly, fully represent the
buyer throughout their real estate transaction. |
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The Home Buying
Process |
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- Sit down and make a lists of specifications that you want in
a new home
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- Decide which things you definitely want in a home
- Decide which things you are willing to negotiate having
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- Initial interview with an agent
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- If you have been pre-qualified with a financial institution
- If not, the agent will suggest a few to you
- Notify agent of specifications of property you desire
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- Get pre-approved and notify agent with this information
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- Pre-approval lets the seller know you are serious
- If you're pre-approved, you will be more likely to make a
deal
- The agent will start looking fr properties with your
specifications
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- Discuss properties that agent has found and review them
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- Start looking at properties with your agent
- Look past the decor
- It's easy to get turned off by a home that is poorly
decorated or dirty
- Use your imagination to picture your items in the home
- A clean and well decorated house - it could be your dream
home
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- Once you've found a property within your specifications
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- Discuss placing an offer with your agent
- Write an offer for the agent to present
- Present an Earnest Money check as a down payment
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- Agent will present proposal and will contact you with the
results
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- If negotiations are needed, the agent will assist you
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- Once the property is officially accepted and signed by both
parties
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- Earnest Money check will be deposited by seller's agent
- Mortgage company will be notified
- Appraisal will be scheduled
- Any inspections required will be ordered
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- Once financial approval has been given
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- A title company will be asked to do a title search on the
property
- All financial and legal papers will be assembled
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- Settlement / Closing / Possession of property
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Advantages of Being Pre-approved
What You Need
for a Credit Application |
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