Benefits of a Buyer’s Agent
Why Hire a Buyer’s Agent?
A buyer’s agent represents you and your interest, exclusively. We learn about you and make recommendations based on your information. We can advise you on neighborhoods, the trends and values. We can help you find the property that suits your needs, that you can afford and the best value for you now and in the future.
The Cost of Using a Buyer’s Agent?
NOTHING – we provide free services to you. Fees are paid by the seller. Our job is to negotiate the best possible price and saving you time and money in the process. We are happy to refer you to trusted and fair-priced vendors.
Concerns a Homebuyer May Have
Time Frame of Process
A typical home buying process may take three to four months. This includes the mortgage approval process, evaluating and comparing properties, making an offer, dealing with possible counter-offers and the closing process. The loan process typically takes 30-45 days.
Obtaining a Loan
The mortgage approval process can be quite intimidating in home buying. We will help guide you through this, but there are ways you can prepare early to make the process easier. Make a list of all your monthly expenses, compare it with your income and see if there are any adjustments to be made. Also, try to payoff small credit card balances. Gather documents you may need such as W-2 forms, income tax returns for the past few years, pay stubs, records of alimony or child support, bank statements for the past several months and your credit report. Shop around different lenders and get the best deal.
Determining What You Can Afford
A good guideline to consider is that most buyers purchase a home that costs 1 to 2 times their current annual income. Mortgage payments should be approximately 26-28 percent of your gross monthly income. Remember to consider all debt payments (credit cards, student loans, car payments…) in the mortgage process. Use the easy mortgage calculator on the right side of this page to get an estimate of monthly payments.
Finding a Home That is Perfect for You
Prior to looking at properties, make a list of “must have” features (number of bedrooms and bathrooms, location considering work and schools, lot size and special needs such as handicapped access, etc.). Also, make a list of “optional” features (architectural styling, landscaping, etc.). Being prepared with a list for the agent will make it an easier process.
As your agent, we are here to answer any questions you have and guide you through this process.