Information for Buyers
Buyers know that working with a Buyers Agent helps find your ideal home quickly and easily. With my years of experience in Southwest Florida, one of the nation's hottest real estate markets, I can "quarterback" your home buying process and minimize those potentially costly issues. My service covers every step of the buying process, from determining your affordability and budget to the final closing.
Reasons to work with a Buyers Agent
- Representation
Prior to seeing any properties, the Buyers Agent will disclose in writing that he represents only You, the Buyer through every step of the home buying process.
- A World of Choices
You'll have access to all listings, Builder's new construction, Investor "Flips"(.....and Flops), and homes offered For Sale by Owners(FSBO's).
- Local Area Expertise
Your Buyers Agent will advise you how and where to get the most for your money. And as this expertise is "shared" with you, your initial home search criteria will evolve with your expanding knowledge of the area.
- Target Pricing
Each semi-finalist property is thoroughly researched to determine the "Target Price". The magnitude of the Seller's motivation is estimated by examining data such as: the number of days or months the property has been on the market, the Seller's original purchase price and outstanding mortgage, and the listing price history as well. Finally, the comparable sales data for the specific neighborhood is added for context.
- Offer Preparation
Pricing is very important, but the contract terms and conditions play a considerable role in the successful purchase. For example, are there sufficient "escape clauses" to protect the Buyer? You should also be aware of the closing costs and out of pocket expenses that might occur. Have you included the property taxes and homeowners insurance costs in your plan?
- Escrow To Closing
Now that your offer has been accepted, the serious work begins. The property must be inspected. The Seller's authority to sell the property must be verified. All claims against the property should be identified. The property must be appraised and satisfy the lender's loan to value requirements. In a soft market it is not uncommon to renegotiate price due to a low appraisal. If a lower price is not possible, the Buyer should have the contractual right to "walk away".