buying a home: Why Do Agents Ask For a Pre-Qualification Letter or Proof of Funds? - 02/06/12 04:00 PM
When you are looking to purchase a home you are working against 3 things: time, other buyers and the seller.
How can the pre-qualification or proof of funds, and pre-approval help with all three?
Let’s start with the pre-qualification, a process that takes maybe 5-10 minutes, can be done over the phone, and requires that you provide truthful information to the lender. Having the pre-qual letter (or proof of funds) assures both the agent and the seller that you are a buyer with intent. And, more importantly, that you are a buyer who knows how much house you … (3 comments)
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buying a home: How To Know You Got The Best Deal When Purchasing - 09/03/09 07:21 PM
Most buyers in today's market are concerned about getting a good deal. This really is no different than most markets, but there seems to be a special emphasis placed on the "deal" now.
So, here are the steps to making sure that you get the best deal possible:
Negotiate the best mortgage terms possible. Make sure that you understand what you and your partner are looking for in a home. Rate the homes that you see so there is no confusion about homes that should stay on the short list or not be considered any longer. When you narrow in on … (2 comments)
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buying a home: Business Hours? - 06/17/09 11:34 AM
Do you have business hours?
If not, how do you balance your time with your family and are they resentful that you talk and handle business all the time?
I think I created business hours after hearing from kids of Realtors who resented their parents.
When you do you think the public will accept real estate business hours?
- Rhonda
… (4 comments)
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buying a home: Do Your Buyers Know About the Tax Credit? - 06/17/09 10:53 AM
My buyers don't seem to know much about the tax credit. What it is the best website that you know of that spells it out easily.
I found one, but it did not mention that you can do the tax credit on townhomes.
I really need to send this out to everyone in a better format so that we can turn this market around.
What are your suggestions?
… (2 comments)
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buying a home: Do Sellers Believe That It Is The Listing Agent's Job To Show A Home To Any Buyer? - 06/16/09 07:16 AM
My question is simple here -
Do sellers believe that it is a listing agent's job to show the house to any buyer whether or not they have an agent?
I have been asking this of my sellers over the last few weeks and I get a "Yes!" And, it is followed up with "Isn't that the job of the agent?"
So whereas we may be fighting about procurring cause... as agents, the public absolutely thinks that they should and can call the listing agent to see the home and answer questions.
One of my sellers said that if the listing … (74 comments)
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buying a home: Does A Buyer Care Who Has The House Listed? - 06/15/09 09:00 PM
After being involved in a few banters back and forth this weekend in a few posts, I just thought that I would ask you who have not been involved.
Does a buyer care who has the house listed or do they just want to find the right home for them?
I answer buyer calls all day on my listings and other agent's listings and I just don't see that they care who has the home listed. They never ask me is that a good agent? What is that company all about, etc...
They never ask me what commission the listing is paying … (6 comments)
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buying a home: What Buying A Home "As Is" Actually Means To You, The Buyer - 01/29/09 11:00 AM
Buying a home "As Is" simply means that there are no warranties or disclosures to be made from the seller to the buyer. This is strict buyer beware and is legal in most states including Georgia. This "As Is" status would be used by banks, investors and HUD. However, buying a home "As Is" does mean that you can not have the home inspected by as many different types of inspectors that you want to make a clear, educated decision. This is what the Georgia Association of Realtors Purchase and Sale Agreement states about "As Is".
B. Property Sold "As Is." … (0 comments)
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buying a home: What If The House You Are Buying Has Land Around It That Is Not Built On? - 01/29/09 10:57 AM
Okay, so what should you do if the house you are buying has vacant land around it? Should you just say, great, no one lives here so we have more privacy? No, you should not is the answer. This land could be a potential problem for you in the future and you need to know what is going on before you buy so that you can make an educated guess on whether your property value is going to go up or down in the future when you attempt to sell your property.
… (1 comments)
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buying a home: It Is The Buyer's Responsibility To Know Who Lives In The Neighborhood - Not The Agent's - 01/29/09 10:50 AM
To avoid buyer's remorse when you buy a home or a condo, you need to know what is your responsibility. Georgia is a buyer beware state which means that you have to make sure that you know what you are buying. This is done before the Purchase and Sale Agreement is negotiated as well as during the due diligence period. As a measure to be clear, the Georgia Association of Realtor's Purchase and Sale Agreement is very clear that it is the buyer's responsibility to check out the neighborhood as they have added a paragraph to the Agreement that the buyers … (0 comments)
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buying a home: Why You Should Talk To The Neighbors Before You Buy A Home - 01/29/09 10:33 AM
Listen up Home Buyers!
First lets start with why you should talk to the neighbors before you buy a home. Neighbors, although they may attempt to not be nosey, you can bet that most of them know everything that you need to know about the home you are looking at as well as the neighborhood. One time in my own neighborhood, although I did not know the people that lived there, I noticed that there were people at the house one day with hazmat masks and suits on for over one week unloading and cleaning the house. Had the new buyers … (1 comments)
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buying a home: It Is The Buyer’s Responsibility To Know Who Lives In The Neighborhood - Not The Agent’s - 01/26/09 11:52 AM
To avoid buyer's remorse when you buy a home or a condo, you need to know what is your responsibility. Georgia is a buyer beware state which means that you have to make sure that you know what you are buying. This is done before the Purchase and Sale Agreement is negotiated as well as during the due diligence period. As a measure to be clear, the Georgia Association of Realtor's Purchase and Sale Agreement is very clear that it is the buyer's responsibility to check out the neighborhood as they have added a paragraph to the Agreement that the buyers … (0 comments)
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buying a home: Why You Should Talk To The Neighbors Before You Buy A Home - 01/26/09 11:37 AM
First lets start with why you should talk to the neighbors before you buy a home. Neighbors, although they may attempt to not be nosey, you can bet that most of them know everything that you need to know about the home you are looking at as well as the neighborhood. One time in my own neighborhood, although I did not know the people that lived there, I noticed that there were people at the house one day with hazmat masks and suits on for over one week unloading and cleaning the house. Had the new buyers asked anyone in the … (0 comments)
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buying a home: The Seller’s Disclosure Is Suppose To Disclose – Look For The Clues That The Seller May Not Want You To Know - 01/13/09 07:35 AM
A seller's disclosure is a document that allows the seller to tell you, the buyer, what they know about their home. This document is part of the Purchase and Sale Agreement and is intended to help you make a good buying decision.
Here's what you need to know about a sellers disclosure:
Bank-owned homes, investor purchased homes and new construction will not include a seller's disclosure. You will need to study this document closely, looking for the age of depreciable items and any item that is marked with a "yes" or "don't know"as a disclosure. Any "yes" needs to have an … (0 comments)
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buying a home: See Houses Free When You Are A Buyer - 09/04/08 02:26 PM
Buying a home means that you have to get into the home to see it, right? Most buyers can not make a decision to buy a home until they have a deep understanding about what they are buying, the area they are buying in and what the home will mean to them. This means seeing homes with their agent, through open houses or via lock boxes, or having the listing agent let them into the home.
However, most buyers are confused about what this education process will cost them when they start to work with an agent. Real estate commission … (0 comments)
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