Thanks to Bryant Tutas for his blog post http://activerain.com/blogsview/56482/Want-to-buy-it which sparked this post.
For those wanting to buy Phoenix Real Estate on the resale market, it's important to make sure that the Buyer Broker you select to help you with the purchase of your Phoenix home is up to speed on Arizona Real Estate contract requirements.
As a broker who specializes in listing Phoenix homes, I receive offers that vary from those that are incomplete and almost illegible to ones that are complete, legible and have all the required documentation. Which do you think makes the best impression on a Seller? I've often heard Sellers say "If this is a sign of their ability - why should we be confident that the deal will get done?"
The Marriott Group is unfortunately a somewhat unwilling participant in not only handling the listing sidefor our Seller client, but handling and shepherding the buyer side of the deal to ensure the transaction closes. For this privilege of working both sides of the deal we pay a healthy co-broke to the buyer broker.
I've said "tongue in cheek" on more than one occasion that we should have the ability to offer x% for bringing the buyer, and x+y% for bringing the buyer AND doing the job of a competent buyer broker. Don't think that will fly any time soon!
For those of you who seriously plan to buy Phoenix real estate, you should know what, at a minimum, represents a sound Purchase Offer. We provide the following information to buyer brokers who contact us wanting to make an offer on one of our Phoenix Home Listings:
What our Seller is looking for in an Offer
It must be in writing and legible, with all relevant addendums and attachments. At a minimum this includes:
- Cover Letter from you with your contact information
- Agency Disclosure
- Purchase Offer - with all required initials, signatures and dates, all relevant check boxes selected; legible text in all "write in" parts of the contract, complete address information for the Buyer on page 9. Make sure the financing figures add up on page 1.
- LSR with at least the top section completed and signed by the Buyer - the bottom section completed by a Lender is a plus OR Proof of Funds Letter if it is a cash offer.
- Copy the of Earnest Money Check
- Check your email for confirmation that your offer has been received
If you think about it, this really is not too much to ask. In fact, receipt of anything less than the above highlights inadequacies in the skill set/ability of the agent submitting the offer.
So whether you are interested in Phoenix Real Estate, Phoenix Homes, or suburbs of the Greater Phoenix Metropolitan area such as Scottsdale, Gilbert, Chandler, Mesa, Goodyear and Avondale - make sure you are hiring an agent who has the knowledge to fully represent your best interests.
If you are considering a move to Phoenix you owe it to yourself to visit Verrado as part of your home tour. If you are considering buying a home or real estate in Verrado you owe it to yourself to talk with Haven Express at Keller Williams Realty Professional Partners to determine whether Tony Marriott is the best real estate Broker in Verrado to help you with the purchase of your home.
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