FOR THE NEW OR RESALE HOME BUYER THAT HAS ALL THE ANSWERS

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By Patricia Brach (This image is from the FEMA Photo Library.) [Public domain], via Wikimedia Commons

We understand that you have researched the internet and you have all the answers to your questions that you need to purchase a new or resale home.
So let me supply you with some information you may not have.
1. The price will not be cheaper if you don’t use a buyer’s agent, not so, in fact it could be more costly, especially if you don’t have someone that has a fiduciary responsibility to you to advise and warn you of anything that is not quite right.
2. The other party in the transaction has a listing agent that has a fiduciary responsibility to them NOT YOU, so they have their life jacket.
3. So if you like being in the ocean without a life jacket then don’t use a buyer’s agent who is your life jacket.
4. When dealing with new home builders you have basically 4 kinds of home builders.
  a. Production builder that makes no changes and has no upgrades or options. If you contract early enough in the process you might be able to select one of their color schemes, but that’s it.
  b. Semi-Production builder, this builder has some options and upgrades you can select from, but must be early in the construction process to make those selections.
  c. Semi-custom builder that has more latitude in making changes, upgrades and options but again within the scope of what they allow.
  d. Custom builder, just what it states, make whatever changes, upgrades and color selections you want. But her is a warning in advance, do not even try and compare the per square foot price of this home to any of the other types of builder above because there is no comparison.
5. BENEFITS OF USING A BUYER’S AGENT
a. A buyer’s agent will guide you through the transaction.
b. Considering the complexities associated with purchasing your next property, having an experienced and trusted advisor guide you through the transaction will spare you from innumerable headaches, expedite the process and, in many instances, save the deal.
c. A buyer’s agent will make your offer to purchase and will coordinate all aspects of the purchase (i.e. with the attorneys, appraiser, listing brokers, management company and more) to ensure that the closing actually happens.
d. There is no additional cost to you as the buyer to use a buyer’s agent.
e. The buyer’s agent is compensated for his or her services by sharing a commission with the listing broker that is paid by the seller. As the commission is usually pre-set in a written contract with the listing broker, it is built into the price of the property and it will get paid regardless of whether you use a buyer’s agent or not.
f. Considering that you are in effect paying for the services of a buyer’s agent in that the commission has already been factored into the price of the property, you might as well take advantage of the services that you are paying for.
g. We serve as a filter – no other agents will call you.
h. If you do not use a buyer’s agent and instead contact listing brokers directly, all of the listing brokers would continue to contact you. If you were to see 15 or 20 properties, this would mean that 15 or 20 listing agents would contact you.
i. We have found that most people prefer not to have this volume of incoming phone calls from listing agents. In contrast, when you work with a buyer’s agent, none of the listing agents whose properties you preview will contact you.
j. Only your buyer’s agent will contact you. If a listing agent wants to see how you liked a particular property, the listing agent will have to contact your buyer’s agent and cannot contact you directly. This saves you from the hassle of having to deal with dozens of real estate agents.
k. Give you an overview of the local housing market.
l. Keep you abreast of changes in the market.
m. Listen to your needs.
n. Refer you to competent and friendly mortgage lenders (if required)in order to pre-qualify for a loan.
o. Show currently-listed houses and new houses that meet your needs.
p. Quickly bring available houses meeting your needs to your attention.
q. Give you a frank and critical evaluation of houses that we tour.
r. Prepare contracts for offer to purchase a pre-owned house and review the contract for a new house.
s. Making sure the contract is what you want and that you understand all of its terms and requirements.
t. After a contract is signed for the home you are purchasing, concluding your loan approval (since you’ll be pre-approve, all that remains will be the lender’s appraisal of the house).
u. Inspecting the house (we’ll help you find a licensed inspector if required) to evaluate the property and identify any problems or needed repairs.
v. Arranging for title insurance (if required) and explaining its requirements (as the contract will require, your clear title to the property will be insured by a title insurance company).
w. Making sure you comply with all other terms and time deadlines contained in the contract, and informing you about similar items that are the responsibility of the seller.
x. On the closing date, we’ll accompany you to the closing in order to help you with any last-minute questions or concerns. Then the keys are yours!
y. If YOU still don’t want to use a buyer’s agent remember the following term “CAVEAT EMPTOR” which means LET THE BUYER BEWARE.
z. Now It’s Time For YOU TO DECIDE IF YOU WANT THAT LIFE JACKET OR NOT A BUYERS AGENT!

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Brought to you by: Lawrence F. Sanek who is a Florida licensed real estate broker and owner of Castle Dream Real Estate, LLC. He is also an engineer with experience in the structural and architectural disciplines. He has many years of experience in selling real estate and enjoys helping families relocate to Florida or to another area in Florida and to Capture The Dream. Visit the Castle Dream website at Castle Dream Real Estate, LLC or contact him direct at 1-888-51-DREAM (37326) or email him at Sanek

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