Buying A Home With A Real Estate Professional
As a prospective buyer, it’s important to understand why choosing the right realtor is so important for your home purchase. When you have the right realtor on your side, you can rest assured that your wants and needs will be accounted for and your interests will be protected. As your assigned buyer’s agent and realtor, I’ll work solely for you and be your advocate.
My responsibility is to guide your purchasing decisions based on a given property’s location, conditions and features. Additionally I will save you time on everything from the property search to buying strategy and negotiations for your purchase. I do this by leveraging my extensive experience in the industry and knowledge of the market areas within DFW that I specialize in. I’m a members of the National Association of Realtors (NAR) and must abide by our Code of Ethics.
P.S. my services also include a buying guide and additional resources for Millennial home buyers, too. Contact Me to find out more!
It’s crucial to leverage your Debt-to-Income Ratio. Which options will fit into your lifestyle, the cheapest rate or the cheapest payment?
Additionally, understanding the market is important to ensuring your future investment is with the right home, and to know its value and calculated risks. As your realtor, it’s my duty to provide you with an analysis of recently sold properties which are comparable to your prospective purchase. I do this with a Comparative Market Analysis (CMA).
The Contract: Disclosures, Inspections & Negotiations
While all of a contract is important, there is a minimum of at least 10 pages which are crucial for you to have a clear understanding of to make sure you’re making an informed decision when the time comes to sign. It’s in your best interests to fully understand the ramifications involved with the transaction.
By law, a seller is required to provide any known issues with the property in addition to any remodeling projects completed during their ownership of the home. We get this information by requesting a Seller’s Disclosure (SD) which will be in your possession for review during a period of the transaction.
Another critical component to the contract process is the home inspection. Every buyer should complete a nonrefundable full report on the component of the home by a qualified professional in order to help avoid any possible surprises later in the home’s life.
Last, but not least, comes the negotiations. I pride myself on my proactive negotiation strategies. Knowing and understanding the different phases of negotiation, combined with my experience, provide a powerful set of tools to help get you the most for your purchase.
Buying a new construction is a little more challenging and certainly more time-consuming than buying a resale, which makes being represented by a realtor that much more crucial. I can help mitigate these obstacles with my knowledge of the market, targeted property searches that help to quickly find the perfect home, and a wealth of experience with contracts and negotiation.
- Do remember that a builder has a balance sheet & typically gets $.03 for every $1
- Do consider:
- Custom builds versus spec homes
- Upgrades versus standard builds
- Do understand there are negotiation phases in regards to the sales price, incentives and closing costs
- Do perform a 3-phase inspection with permission from the builder
- Do contemplate resale potential, strength of the builder’s asking price against comps, and the buyer’s negotiating leverage
- All of which are not the responsibility of the builder’s sales consultant
- Don’t think that sale associates work for or represent your best interests
- They are trained as a sales consultant without a need for a license
- Don’t assume you have a financial advantage by buying direct
- Don’t forget that every builder writes their own contract instead of using the standard Texas Residential Contract
- Don’t underestimate how heavily builders rely on real estate professionals to sell their homes
- Builders price their home accordingly by allocating marketing money to pay their realtors