When choosing a buyer’s agent, it is important that you have every confidence in the agent’s ability to represent your best interests. When purchasing a property in today’s market, it is not unusual to find more than one buyer trying to secure the same property.
Because of the competitive real estate market, your agent must be educated, aggressive, know current values, and also be respected by their peers. A reputation for high ethical standards and attention to detail is a must when negotiating for that desirable property.
A smart listing agent will not advise a seller to consider price only. There are many additional factors that an agent should keep in mind. One of these is the agent representing the buyer and her ability to achieve a successful closing.
Before you get started, you need to do some homework:
*Figure out how much you can afford - Contact a lender to get pre-approved before looking for homes. Also consider the cash you will need in hand throughout the closing process; Earnest money, which is usually 1-5% of the purchase price (your proof that you are a serious buyer). Down payment - anywhere between 3-20% typically. Closing costs - roughly 3-4% of the purchase price.
*Shop for a home - most buyer’s will begin their initial search on the internet. Get an idea of what you are looking for; minimum bedrooms, bathrooms, square footage, location, school district, etc.
*Find a real estate professional to help you find the best home for you, and negotiate the best deal for you. As a buyer, this is no cost to you!
I would love the opportunity to help you find your dream home!