7 Reasons to Work With Tina as your REALTOR®
REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:
1. Ethical treatment.
Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.
2. An expert guide.
Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
3. Objective information and opinions.
REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need. By understanding both your needs and search area, they can also point out neighborhoods you don’t know much about but that might suit your needs better than you’d thought.
4. Expanded search power.
Sometimes properties are available but not actively advertised. A REALTOR® can help you find opportunities not listed on home search sites and can help you avoid out-of-date listings that might be showing up as available online but are no longer on the market.
5. Negotiation knowledge.
There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows enough time for you to complete inspections and investigations of the property before you are bound to complete the purchase.
6. Up-to-date experience.
Most people buy only a few homes in their lifetime, usually with quite a few years in between each purchase. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
7. Your rock during emotional moments.
A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.
Q: I want to buy a home, how do I get started?
A: There are two people you need to speak to, one is a real estate agent and it is a good idea to meet with a lender before that to determine how much you can afford and how much you would like to spend. This will give you an idea of what your monthly mortgage payment will be, this is important information to know. Your real estate agent will represent you and help you find the right home that fits within your budget and will ensure that the transaction happens smoothly as possible.
Q: What price home can I afford?
A: Discussing your personal, confidential financial information with a qualified mortgage lender is your first step. Based on your income, credit history, income/debt ratio and how much you want to spend monthly for mortgage payments, your lender will help you decide what price homes you should be looking at.
Q: Do I really need a real estate agent?
A: Of course you do. Your real estate agent will represent you; will keep your best interest in mind. According to the Real Estate Commissions’ rules, your buyer’s agent is required to work for you to help you find the right home and guide you all the way through to the closing table.
Q: What is earnest money?
A: Earnest money is a deposit Buyers make when they sign a contract to buy a house. Although not required, it signifies the seriousness and intention of the Buyer to complete the purchase. At closing, the earnest money becomes part of the purchase, and is deducted from the total amount needed from the Buyer in funds needed to close. If the Buyer defaults without a good reason, as spelled out in the contract, the earnest money becomes payment for damages incurred by the Seller(s) and their agents and is forfeited.
The earnest deposit could be several hundred or even several thousand dollars. If the Buyer(s) contract is accepted, the money must be deposited in a trust account (noted on the contract) within 3 days of acceptance. If the Buyer(s)’ contract is not accepted by the Seller, the money is returned to the Buyer.