As your Buyer's Representative, we can make the process of house hunting much easier and more efficient than if you did it all yourself. We can help you get financing, guide you to local neighborhoods, help you determine your budget, and prioritize a list of essential features that you need in your next home. We'll save you valuable time by finding the properties that best suit your requirements, and will show you only the most promising ones.
Once you've found a place that catches your eye, we'll look at comparable properties in the area to help determine a purchase offer. Then we'll negotiate on your behalf with the seller to make sure you get the most favorable terms. It's our job to look after your best interests, and we will do so at no cost to you as a buyer.
Your home will likely be the greatest financial investment you'll ever make. With the help of a trained real estate agent, it can also be your wisest. Give yourself every opportunity to come out on top by working with a professional.
GET ALL THE LISTINGS
New homes for sale hit the real estate market daily. Your representative will be in regular contact with sellers and other real estate agents to ensure you see all the newest listings right away, whether or not they're made public. Often, buyers can put in offers with little or no competition and walk away with an impressive deal on the property of their choice. Your agent will save you valuable time by making sure you only see properties that meet your needs and investment preferences.
As you compare the best deals, your agent will provide you with important information about the home, its neighborhood, zoning issues, utilities, and nearby plans for development.
PROFESSIONALS ON YOUR SIDE
Many real estate transactions include an extensive negotiating process. Your agent will represent you and get you the best deal possible. Expect them to attend property inspections, make sure any and all agreed-upon repair work is carried out, and to handle the paperwork related to the sale. An agent can also help set up the financing for your investment, and work directly with a broker to provide you with a seamless service package.
GET THE BEST DEAL
Working with a dedicated agent on your next home purchase will save you time and add professional assurance to every step of the process. With the guarantee of a solid investment, the decision could also make you more wealthy when it's time to sell.
QUESTIONS FOR PROSPECTIVE HOMEOWNERS
ARE YOU READY TO BUY?
Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.
HOW MUCH CAN YOU AFFORD?
It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.
WHAT IS YOUR DEBT-TO-INCOME RATIO?
This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live.
WHAT DO YOU WANT?
Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.
WE CAN HELP
You need a good agent who will work hard for you. Our real estate team is dedicated to helping you find the right home, at the best price. We want you to find the home that will make you happy and successful in real estate ownership.
When you hire us to help you buy your first home, we want to know what you want and how much you can afford. Then we'll find a way to merge these two priorities and find a residence that you'll enjoy owning.
Keep your objectives in mind when visiting a home. Sometimes the idea of owning a home can overwhelm your practical sense, so keep your feelings in check. Keep a list handy of the features that you need and want in a home, and judge each home by the list instead of by details that could distract you from your goal. When you're alone with your agent, you can go over the pros and cons of each home. We can help you stay on track while still keeping our eyes out for a great property.
Make the offer. This can be a maze of "buyer", "seller", "due diligence", "earnest money", and "closing". We'll be happy to prepare the paperwork and go through it with you before submitting it. Remember, the seller may reject or counter your offer, so even at this late date, avoid setting your heart on the home you hope to own. You'll have to write a due diligence check and an earnest money check to prove the seriousness of your offer.
Get all necessary inspections done. A home inspector will check for signs of harmful materials like asbestos, lead paint and mold. They'll also check for evidence of pests, faulty wiring and leaks. This is a crucial part of the home purchase. Not getting an inspection done means that you could be stuck in a home with a bad case of black mold and no recourse other than to pay for its removal. Inspections will cost a few hundred dollars, but again, this is more than worth it in the end. There are several inspectors in the area that we'd be happy to recommend.
Do a final walkthrough before closing the deal. We will make sure that everything agreed upon is completed prior to the final signing.
Once you’re Under Contract, we work to keep everything on track and moving forward as smoothly as possible. From important dates and deadlines to coordinating with your Buyer’s Agent, Lender, and the Closing Attorney...there are a lot of moving pieces and parts involved:
1. ACCEPTANCE DATE
All milestones in the contract start from the date of contract which occurs when the executed offer to purchase is signed by all involved parties.
2. DUE DILIGENCE FUNDS & EARNEST MONEY DEPOSIT
The due diligence check is written directly to the you, the sellers of the property. It is your to deposit immediately. The due diligence funds are basically a reassurance to the sellers that they can take their home off the market confidently and will have compensation if the buyer chooses to back out. If they stay the course and close on the home, then that money will be credited back to the buyer at closing. There will also be an earnest money check. Unlike the DD check, the EM check is written to the closing attorney or the agency and will be deposited in a trust account until closing. Again, if they stay the course to closing, then it will also be credited back to the buyer at closing.
3. DUE DILIGENCE PERIOD
Usually around 3-4 weeks long (specific date is on page 2 of the Offer to Purchase and Contract), this is the time that the buyer has to complete all property inspections, loan application, appraisal, and all due diligence related to that piece of property. During this period, the buyer can back out for absolutely ANY reason… but the seller will keep the DD funds. The EM will be returned to the buyer. This is often when a second round of negotiations take place involving repairs and credits at closing. The DD deadline ends at 5pm on the date listed on page 2 of the Offer to Purchase and Contract.
4. CONTINGENCY REMOVAL
After 5pm on the due diligence deadline, all contingencies are removed and the buyer’s earnest money becomes non-refundable. During this period, any agreed upon repairs are done.
5. FINAL WALKTHROUGH
Seller allows Buyer to verify that the property is in substantially the same condition as when they first wrote the offer by walking the property. This usually occurs a day or two before the expected closing date.
6. CLOSING and POSSESSION
On closing day, you go to the attorney’s office to sign all of the documents. Once the money has been received from the buyer and/or the bank, the attorney will file the deed online. Once the deed is filed, the closing is done and keys exchange hands. The goal is to have all of the money in place so that the deed can be filed right after the signing takes place!
From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. Don't hesitate to contact us to find out more about how we can make the Triangle home buying process easier!