This document outlines the services a buyer's agent at RE/MAX Southern Shores can provide to clients, including identifying suitable properties, assisting with preapproval, preparing offers and negotiating on clients' behalf, and guiding clients through the entire home buying process from offer to closing. The agent promises to represent clients' interests, focus on serving their needs, and leverage expertise about factors important to buyers.
3. SERVICES YOU CAN EXPECT:
SEARCH & IDENTIFY PROPERTIES
ASSIST WITH PREAPPROVAL PROCESS ( if financing)
PREPARE OFFER – CONTRACT
PROVIDE COMPARABLE PROPERTIES FOR REVIEW
NEGOTIATE ON YOUR BEHALF
WALK YOU THROUGH FROM CONTRACT TO CLOSING
HOME INSPECTION
APPRAISAL
CL-100
FINAL WALK THROUGH
UTILITIES
4. As a potential Buyer, you really want your interests represented:
agent will negotiate hard on your behalf,
focus on services that benefit you,
knowledgeable about the things that are important to a Buyer,
You need a Buyer’s Agent to work with and for you!
Sure, any agent can ride you around and show you homes. But, if you want
representation, you do need to create that mutual agreement, in writing. This
protects you and creates a better incentive for the agent to do a good job.
Who pays your agent? Usually the seller pays the fee not you.
5. Steps to Get Started
1. Determine your budget and how much you can afford.
2. Get pre-approved for a mortgage.
• When applying, you’ll most likely need to furnish:
Two most recent pay stubs.
W-2 forms for the past two years.
Federal tax returns for the past two years.
Last two months bank statements.
Long-term debt information such as credit cards, auto
loans etc.
6. Getting Approved
A lender will check your credit to see if you’re a good candidate for a
loan.
If your credit rating is poor, there are things you can do to improve it.
Make sure the report is correct. If not, call to fix it.
Begin to pay your bills on time.
Use two to four credit cards so you can keep track of them.
Keep a separate checking and savings account.
Keep the same job for a few years.
7. Pre-Approved vs. Pre-Qualified
Pre-Approved: confirmation the
lender will give you a commitment
to support your purchase.
Pre-Qualified: an estimate of
what you can afford.
Being pre-approved makes you a
more attractive candidate to the
seller when making an offer.
8. The Fun Begins
Before you search for your dream home, some things you should
consider:
Size of property
Type of neighborhood you desire
Nearby public transportation
How far to the beach
9. The home you are looking for...
FEATURES (Specify your Preference) LOCATION
Preferred style (raised beach, Convenient to work
ranch, townhome, etc.) Convenient to transportation
Number of bedrooms Convenient to schools
Number of bathrooms
Convenient to shopping
Family room
Bonus/Game room Near recreation facilities
Fireplace
Home office Neighborhood
Kitchen amenities
Garage (no. of cars) Other
Lot size
Pool
View
Other
10. Writing the Offer
Once you’ve found the perfect home, I will write up the offer and
ensure all paperwork and activities are completed so you can close
on your property.
11. Preparing the offer…
As your buyer’s agent, I will work to:
Prepare an offer that will meet your needs
and provide a solid basis for negotiating with
the seller.
Apply information from the Competitive
Market Analysis that will determine a
realistic offer.
I will present your written offer to the sellers
and negotiate on your behalf.
The sellers will have the choice of:
>Accepting your offer as presented
>Rejecting it completely
>Countering it
I will communicate to you the seller’s
response and, if necessary, suggest further
negotiating options.
12. Completing the purchase
A successful purchase involves several important elements:
Full written disclosure
Offers and negotiations
The purchase agreement
Professional inspections
Title insurance and appraisal
Walk-through and final
closing
Home warranty