Buyers Agent
What A Buyers Agent Does
Determine Your Needs We want to know specifically what your needs are! What size home do you need, which location works best for you, what is your lifestyle, are there special considerations that need to be factored in? Our goal is to stay within your price range and only show you properties that meet your criteria.
Strict Confidentiality - Everything you disclose will be kept confidential.
- We will assist you in choosing the closing authority.
- Determine your need for a professional property inspection and warranties.
- Perform a loan analysis to determine the most favorable loan type and terms.
- Enter into an agency agreement.
- Fully explain the home buying process to you step-by-step.
- Research and Locate a Property That Will Meet Your Needs
- By researching multiple listed properties, new homes, for-sale-by-owner listings, and bank foreclosures, we are able to give you the best choices for your personal needs. We are 100% unbiased when selecting homes for you to view.
- We will provide you with information about properties and sources of financing.
- Supply information and estimates for any services requested.
- Search available properties, including For Sale by Owner and For Sale by Builder and New Construction
- Respond honestly and accurately to all questions.
- Prepare a study of property values in your chosen areas.
- Locate and show targeted properties, pointing out strengths and weaknesses.
- Offer property without regard to race, creed, sex, religion, or national origin.
- Supply financial information about neighborhood properties.
Evaluate the Property
- When showing you homes, we will point out both the positives and the negatives, even if it means loosing the sale. We will provide full disclosure based on the information available:
- How much the seller paid when he/she purchased the home.
- How long the home has been on the market.
- Have there been any price reductions since the home went on the market.
- What homes in the neighborhood are selling for.
- An honest market evaluation of the home(s) you are considering.
- We always disclose facts known about the property.
- Show properties and describe attributes and amenities.
- Review HUD-1 settlement statement for accuracy.
- Perform a broker opinion of value for chosen properties.
- Arrange for necessary property inspections.
- Advise you of other offers on the property.
- Handle Negotiations
- Our job is to negotiate the best price and most favorable terms for YOU. Any information you share with us about your circumstances is kept strictly confidential. : Your position on the negotiating process is never discussed with anyone but you! You have our undivided loyalty!
- We will consult with you regarding counteroffers, and negotiate on YOUR behalf.
- Submit all offers to purchase promptly.
- Confirm that needed correction/repairs have been completed.
- Conduct final walk-through inspections.
The Closing Process
Once you have found the home you want to buy, there are several additional steps you need to take to close the sale after the purchase and sale agreements have been signed.
Step 1 Contingency removal: The most common contingencies are inspection, financing and the sale of your current home. These conditions must be removed or waived in writing before the sale on your new home can close.
Step 2 Appraisal and title report: Your lender requires a formal appraisal to confirm the value of the home you're buying, to use as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership to you.
Step 3 Prepare closing documents: Escrow service companies or real estate attorneys prepare documents that confirm the transaction, prorate funds, etc.
Step 4 Signing of closing documents: Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.
Step 5 Signed documents go to the lender for final review.
Step 6 The deed is recorded and funds disbursed.
Step 7 The seller receives the proceeds and the moving van arrives.
Step 8 You get the keys to your new home!
There are many opportunities for surprises or delays in a transaction. Part of my expertise is in troubleshooting problems that arise in the closing process, including anticipating and preparing for potential problems before they arise.
For more information visit HouseHuntersOfCharlotte.com or call 704-948-2042.
