Agent With An Accent

Advice for Buyers

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Buying a home is a significant and exciting decision. This section provides professional real estate advice and helpful home buying tips.

First Steps

The Internet and real estate professionals are the top two resources most buyers turn to when searching for a home. When it’s not convenient for you to speak directly with a real estate professional, Noemi Cardoso at www.Agentwithanaccent.com can help improve your overall home buying experience and provide the guidance to reduce stress, save time, and make you a savvy, successful consumer.

A RE/MAX® Agent is ready to make a full-time commitment to help you capitalize on current market opportunities and assist you in making an informed decision.

To ensure you make the right choice for the long term, a RE/MAX Agent offers extensive knowledge in:

  • Neighborhoods, schools and market conditions
  • Mortgage specialists who can assist you with your financing
  • Technology that gives them an edge, along with multiple resources available just for you at  AgentWithAnAccent.com
Why should you consider using a Professional when purchasing a home?

Buying a house can be confusing. Few people have the knowledge and experience needed to find, evaluate, and then buy a house without the help of various home buying professionals such as: real estate agents or brokers, home inspectors, appraisers, surveyors, attorneys, and mortgage lenders.

There is a big difference between professionals who can help you buy a house and those who can build or fix up a house. People who would not hesitate to question the qualifications or methods of a carpenter, plumber, mason, or landscaper are often reluctant to question the expertise or skill of other home buying professionals whose work is done on paper and not on the house.

Home buyers, especially first-time buyers, often hesitate to ask questions. But remember, the only dumb question is the one that has not been asked. If a home buying professional cannot or will not give you a simple answer or appears offended by your questions, look for someone else to help you. If a home buying professional is put off by simple questions, imagine what will happen when you get to complicated ones! Beware of the tendency to be in awe of certain professionals, such as lawyers.

Builders or contractors deal with physical products. When a carpenter builds a deck, you can examine the joists; when a roofer installs the roof, you can check the flashing. But most home buying professionals produce paperwork and opinions. There are no physical tests of quality. Without a questioning attitude, important decisions about your house purchase may rest on little more then the appearance of expertise and authority. All home buying professionals should be able to give you a clear idea of what they will do for you and how they will proceed. Some will put it in writing before you hire them. When a service cannot be summed up, ask to see samples of their work.

Always compare services and prices. Before using a business or individual, check the reputation of the firm or individual. ASk for recommendations, check reviews, even ask to speak with a couple of past clients to check their experience yourself. Ask these important questions when searching for help:

• Exactly what will be included in your services?
• What will it cost?
• Who pays the bill?
• When will the work begin and how long will it take?
• What kind of guarantee will you provide?

An efficient method of shopping for a house is to consult a real estate professional. How do you select one and what services can you expect? Try to find an experienced real estate professional who works primarily in the area in which you are interested and who has access to a computerized multiple-listing service (MLS). MLS is an automated system that generates a list of houses that match your requirements.

REAL ESTATE PROFESSIONALS (Listing Agent, Represents the Seller)

The most important thing to realize is that the Listing Broker/Agent represents the Seller’s interest, never the buyer.  Many tend to be confused and believe that the listing agent, once they start putting paperwork together and preparing the offers is working for them – the BUYER’S, hey are not. Any information you provide with the Listing Broker/Agent it can and will be shared with the Seller. The Listing Agent/Broker does, at all times, represent the seller. The listing agent will share anything they find out about the buyers with the sellers, using it as a leverage to try and get the highest price they possibly can to benefit the sellers.

A real estate professional brings together sellers and buyers. Always remember just who the Listing Agent is working for. Real estate professionals who are also the Listing Agents for the Sellers have a financial, legal, and moral responsibility to the seller—not the buyer. In return for representing the seller, they receive a commission from the seller when the house is sold. Most commissions are a flat percentage of the home’s sale price. Because of the way the commission system works, real estate professionals want to sell homes quickly, at the highest possible prices and keep the whole commission for themselves.

BUYER’S BROKER OR AGENT (Represents the Buyer)

The concept of using a buyer’s broker or agent is relatively new. There are pros and cons to this approach. The most obvious advantage is that the buyer’s broker or agent is legally obligated to negotiate the best possible price and terms for you—the buyer—not the seller. It sits on the opposite side of the Listing Agent/Broker. The Buyer’s Broker/Agent has a fiduciary duty to the buyer only. It is their job to disclose any fact they might find out or know about the house, neighborhood and sellers personal circumstances that may affect the price of the property,  to the buyers.

A buyer’s broker can help you locate potential houses to consider and determine the condition of the houses, such as water damage. They are particularly helpful in negotiating the sales contract and writing a purchase offer that favors your position. Finally, they may be able to give advice that the listing agent could not because his or her loyalty is to the seller.

Some Buyer’s agents charge a fee for the service, the majority of them in today’s market don’t, so make sure to ask the questions and clarify the issue upfront. My services as a Buyer’s agent for example, are free of cost to the buyer’s.  My fee will be paid by the seller’s agent. While I promise to commit to you and your home search you will be asked to sign an agreement that spells out exactly what you want me, as your buyer’s agent to do for you. In turn, you will be obligated to work with me as your buyer’s agent for a specific time.

WHAT A REAL ESTATE PROFESSIONAL CAN DO FOR YOU

A real estate professional can provide you with a broad range of services including the following: • Pre-qualify you so you know what you can afford. • Use your “wish list” to generate a computer printout of houses that meet your specifications.

• Show you houses that meet your requirements. (Be prepared to follow the agent)
• Provide you with information about a community, including the prices and characteristics of houses in the area, the location of schools, property tax rates, unusual building code regulations,
  and availability of community services.
• Provide you with basic data about each property including zoning, lot and house size, age, systems, equipment, and utilities.
• Present your offer to the seller.
• Ensure that times and dates on the contract are respect to protect your earnest deposit moneys.Coordinate closing details.
• Coordinate closing details.
• Advise you regarding mortgage lenders, real estate attorneys, professional home inspectors, and title companies and any other services needed regarding you real estate.

There is much more to a Buyer’s Agent than I can write down here. Once you are ready to start your home dream search, we will set a face to face meeting to make sure we both understand each other’s commitment and review all these and other details.

 
To receive more information on the home buying process? Learn what past clients have to say about their experience working with Noemi (Testimonials). Contact Noemi Cardoso, or Search for ALL homes for Sale.

1 2010 National Association of REALTORS® Profile of Home Buyers and Sellers

Finding the right real estate agent can make you a savvy consumer and improve your overall experience.

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