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Home-Buying Tip: Creating a List and Narrowing It Down

Buying New Home 300x199 Home Buying Tip: Creating a List and Narrowing It DownYou find a good Realtor much the same as you would a good lender, builder, plumber, or pediatrician. Ask around for referrals, create a list, and then narrow it down to the best three or four.

Good sources of information are people who have recently bought a home, and builders, mortgage lenders, title people, and real estate attorneys. Professionals in the business know the good agents because they work with them and are aware of the kind of job they’re doing for their clients. Continue reading →

Home-Buying Tip: Understanding the Buyer’s Agency (3)

The nonexclusive agency agreement option simply obligates you, if you want to buy a particular house, to use the agent who showed you that house. You can enter into as many nonexclusive agreements with as many agents as you want and are obligated only to the agent who shows you the home you decide to buy. Usually either party can terminate these agreements anytime. Continue reading →

Home-Buying Tip: Understanding the Buyer’s Agency (2)

When you sign an exclusive agency agreement, you agree to work with the agent for a specific period of time—usually one to six months. In exchange for the agent’s loyalty and best efforts, you agree to purchase a home through that agent only. For example, if you happen to drop in on an open house and fall in love with it, you are bound by the contract to go back to your agent to write up an offer. Continue reading →

Home-Buying Tip: Understanding the Buyer’s Agency

buyers agent.31683231 std 300x190 Home Buying Tip: Understanding the Buyer’s AgencyAs mentioned previously, the buyer’s agent usually gets paid by the seller through the listing agency commission split. This allows you to retain a buyer’s agent to represent you in the transaction and it doesn’t cost you anything. Continue reading →

Entrusting Your Important Financial Decision to a Professional (2)

Next, they met with the agent assigned to help, and she made a list of their areas of interest, home styles, and amenities. Keeping the price range between $290,000 and $315,000, the agent entered the buyer’s preferences into the MLS database and came up with thirty-three possibilities. Continue reading →


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