Why should we use a buyer’s agent?
Buying a home is a huge investment, and there are many issues that can arise during the search and transaction. Using an experienced buyers agent gives you the important guidance that you need to make sure you are not overlooking any issues with the home or the transaction. Your agent will work with you to understand your needs and preferences as well as explaining the finances of buying your property. Your agent’s experience with negotiating your offer and preparing you for closing will be invaluable.
Buyers must sign a contract with their agent before beginning to search for a property. Most times, your agent’s commission is paid by the seller, and this is part of the offer you make to purchase a property. This avoids buyers from needing additional funds at closing.
How do I choose a buyer’s agent?
Ask friends and co-workers for recommendations. Look for an experienced agent who is very familiar with the area you want to buy into. It is not in your best interest to call the name on the sign of the house you want to see – or you will end up working with the Seller’s agent. Although the agent will technically become a disclosed dual agent, you will definitely have better representation with your own buyer’s agent. Once you have seen a house with one agent, you cannot change your representation.
What if I’m buying a new home?
Most builders will pay your Buyer’s Agent a commission. This allows you to have representation at no cost. Remember, if you are buying a new home and selling your old one, Lichtman Associates Real Estate can save you money with our dual transaction program.
How do I start the process of finding a home?
The first step is to determine what you can spend. We look at what mortgage you qualify for as well as how much you are comfortable paying each month. We will talk in depth about features you want in your home, as well as the best locations for you. Then we decide what communities you want to look at. I will then send you an Email with properties that may meet your needs. You select the ones you want to see, and we start looking at homes.
What happens when I find a house that I like?
The first step is to look at the recent sales in the neighborhood to determine the value of the house. Then we put in an offer and, hopefully, negotiate to a satisfactory price. I will review the contracts with you when you sign them, I will guide you through attorney review, mortgage application, home inspection, and getting ready for settlement. I am always available to answer phone calls or Emails when you have questions.
What other help might I need?
I will offer to send a letter of introduction to your new neighbors. This will make your moving experience easier because the neighbors often come over to greet you – sometimes with a cake! During your transaction, I am here to help you choose professionals to work with – such as lender, attorney, home inspector, termite inspector, handyman, roofer, etc.
