Before you step foot into the first home you look at, it’s a good idea to thoughtfully determine your wants and needs, and the difference between the two! By analyzing your needs you will be able to get a clear picture of exactly what you want your new home to look like and how it should function for you. Once you’re in the thick of viewing homes, it’s all too easy to fall in love with someone’s decorating or a home’s outstanding architecture – and to completely overlook that there aren’t enough bedrooms or bathrooms to fit your needs.
First, you should write down why you’re looking for a home. For example, are you currently renting and would like to have a home where you can begin building equity?
Maybe you have outgrown your existing home or changed jobs which required you to move to a new city. These factors will all have an impact on how you approach your home search.
It is important to identify what you envision your home to look like and what features it should have. Writing this down helps to avoid ambiguity later in the home search process. You should make at least two lists: one should describe everything you would ideally like and the other should list the features of the home that are an absolute must. It is most likely that you will blend the two lists into one as you progress through the homebuying process. This is a natural and evolutionary process that becomes clearer as you determine what you want and what is available.
Benefits of a Buyer’s Agent
For most of us, buying a home is the biggest single investment we’re likely to make – and we’re only likely to do it maybe once or twice in a lifetime. The process is, by nature, filled with checks and balances – and many complex details. Traditionally, agents were legally obligated to protect the interests of the home seller. Today preferences are changing. One of these changes is that more homebuyers are choosing to have their own real estate agent, known as a buyer’s agent, to legally represent them.
A buyer’s agent represents you, the buyer, not the seller, and has full fiduciary duties, including loyalty to you. By definition, the buyer’s agent has your best interests in mind throughout the transaction. The percentage of homebuyers with buyer representation has grown significantly in the past decade. According to a recent National Association of Realtors® survey, nearly half (46%) of home buyers used the services of a buyer’s agent last year, and four out of every five buyer’s agent agreements were in writing.
The benefits of buyer representation is the dedication of a buyer’s agent to the home buyer. The buyer’s agent and homebuyer establish a mutual agreement, known as a buyer agency agreement, that will entitle the homebuyer to, but is not limited by:
The real estate agent must act in the best interest of the buyer.
All material facts such as relationships between agent and other parties, existence of other offers, status of earnest money, seller’s financial condition, property’s true worth, commission split with other brokers, and legal effect of important contract provisions.
Accounting in dealings
Reporting of where any money placed in the hands of the broker is kept.
Reasonable Skill and Care
Arriving at a reasonable purchase price and advising the buyer of such, affirmatively discovering material facts and disclosing them to the buyer, investigating the material facts related to the sale. With a buyer agency, the interests of the homebuyer will be represented in the purchase of the home. This scenario is different from a typical transaction where the buyer is not technically represented.
If you are selling your home, I am happy to help you understand what your home may be worth, as well as walk you through the process of preparing your home to be previewed by potential buyers. Although this process can be overwhelming , I am here for you every step of the way. Please feel free to use the following online resources designed specifically for Sellers like you.
My Sold Listings
Preview some of the properties that I have recently sold.
Wondering what your Home is worth?
If you are wondering what your home is worth, the best way to have its value most accurately assessed is by a real estate professional. I can help you understand current market trends, the unique value of your home, and how pricing can affect the way Buyers perceive your home’s value.