Step 3. Home Search - You and your Real Estate agent are now ready to go and search for a home. First-Time Homebuyers often wonder if they need to use a Real Estate Agent, especially if they have friends or relatives who they feel can guide them through the process.
We always recommend working with a Licensed Real Estate Agent for many reasons, but here are 4 of the biggest:
•1. You want a professional to guide you through the transaction. Friends and family are great, but they don't have the experience, tools, or legal knowledge necessary to ensure that your best interests are protected.
•2. You can't access the information in the Multiple Listing Service (MLS) on your own.
•3. Your agent will write and present offers on your behalf.
•4. As a buyer, you aren't even responsible for paying for the services of your agent. Buyer's agents are paid by property sellers.
Once a specific property is identified, your Real Estate Agent and Loan Officer will work together get your offer presented to the seller. A good loan officer will communicate with your Real Estate Agent directly to make sure that your best interests are being represented with any offers written on your behalf. The Loan Officer can also provide a Pre-Approval letter to your Real Estate Agent to directly match your offer and give you the most negotiating power possible.
Once an offer is accepted, your Purchase and Sale agreement will be "signed around" and submitted back to your loan officer to continue the purchase process.
Step 4 coming Monday!
Kevin Hancock
Loan Officer
License # MLO-108328
at 
360.698.6478 office
206.849.6326 cell
425.283.4642 fax
kevin.hancock@legacyg.com
Please visit our new website at www.hancockmortgageteam.com
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