Buying a home is a big step. When you’re ready to take that step, leverage your buying power by calling our experienced Buyer’s Agent to represent your interests. Having experienced representation won’t cost you, but not having it certainly can.
Even if you’re still in the decision making process, it’s wise to learn all about the process of buying a home to avoid common mistakes that home buyers make every day. After viewing the information on the following pages, you will be able to recognize a “pitfall” when you see it!
The key to avoiding the pitfalls and traps that plague many home buyers today comes down to one thing . . . Knowledge
KNOWLEDGE IS POWER!
Find Out What You Should Know Before Buying Any Home
Buying any home, especially a Short Sale or REO, is a fairly complicated undertaking. But if you’re armed with the proper knowledge, an experienced Realtor and you have a solid plan, it can be a whole lot easier. It all starts with understanding the home buying process and knowing what can happen to the typical unprepared homebuyer.
Just as Listing Agents sign formal listing agreements with sellers, Buyer’s Agents expect formal agreements, too. Like Listing Agreements, Buyer’s Broker Agreements are typically bilateral, which spell out the rights and duties of both parties, the Buyer and the Agent. Because bilateral contracts are essentially a promise for a promise, if the Buyer’s Agents doesn’t perform, Buyer’s have the right to fire the agent.
SHOULD YOU SIGN AN EXCLUSIVE BUYER’S AGREEMENT?
Little turns off buyers faster than an Agent from the Internet who e-mail a Buyer’s Broker Agreement before meeting in person. It’s common for Agents to expect a Buyer to sign a Buyer’s Broker Agreement, but we know that Buyers need to feel comfortable with an Agent before signing and agreeing to work with them exclusively.
Tri County Residential Group knows that Buyers are leery when signing these agreements because they are concerned that the relationship might not work out, and that’s understandable. That is why we strongly believe in the Buyer Consultation. We like to sit down over a cup of coffee and allow you to interview us to ease your uncertainty and we also interview our Buyers to analyze their needs, discuss expectations and educate them to the buying process. Once we establish a working relationship, we sign a Buyer Commitment to you detailing what we will do to help you meet your real estate goals and we ask that you give us a 60-Day commitment at minimum to allow us the opportunity to perform. We take every precaution to relieve your anxiety prior to having you sign the Buyer – Broker Agreement.
If you are interested in reviewing the California Buyer Agency agreement Download it Here
FIRST TIME HOME BUYER RESOURCES
There’s a lot of expert advice online to help you navigate your home buying experience. Check out some of these online resources we found to make your process smoother.
First-Time Home Buyer Tax Credit information from the IRS.
Buying and Owning a Home from Freddie Mac
Buying a Home from Department of Housing and Urban Development
The Home Buying Process from Federal Housing Administration
FHA Loans from Federal Housing Administration
Homeownership Resources from Fannie Mae
Home Loan Learning Center from Mortgage Bankers Association
Home Loan Guaranty Services from Dept. of Veterans Affairs
