I received a phone call off of one of my listings from a first time home buyer and went out today to meet her at the home that she called about. It was a stark reminder that first time home buyers and probably most home buyers are in a very vulnerable position out there.
There is just enough text book style information available online and in magazines to make a buyer feel like they are either comfortable that they know what's going on or are so overwhelmed that they tend to ask less questions and don't verify the answers that they get.
We were looking at the home and the girl was so excited about how cheap the home was and she commented on how the roof looked pretty new. The problem is that there are homes out there for a much better price and the roof is need of repair and even replacement in the near future. She presented herself as if she was pretty confident in her house hunting ability and she even brought her mother with her.
I'm glad I was able to talk with her because I was able spen some time educating her on what to look for to tell that a roof is going bad. I also talked with her about some homes out there that may be a better value for her and tried to help her get an understanding of the dangers to watch out for with appraisals and overpaying for a home. I gave her a binder with information about the home buying process and I will follow up with her to see if she would like to have a complete consultation.
Let me just say that there are so many things that go into buying a house for a first time home buyer that it is simply ludacris to make that purchase alone. Consider the following:
- How would you know if you are paying to much for a home? That's pretty important wouldn't you agree?
- Are you getting a fair deal on your loan? Is the lender really going to tell you if he's charging to much? Having a seasoned agent watch over you would be helpful wouldn't it?
- What if the inspection turns up problems with the home... do you still have to buy it? ...can you make the seller repair them? ...what if the problems don't show up until after you have bought the home?
These are just a few of the questions that need to be answered if you go it alone. So if you can have an honest professional represent you for free then it should be a no brainer to have them working to protect your interest. This makes sense doesn't it? Did I say that you can have a pro working for you for Free?
Yes, a buyer's agent is paid a portion of the seller's agents commission so it is free to you as the buyer. This means that you can have full professional representation at no cost and that means that if you find someone with integrity that is in the business FULL TIME and knows what they are doing then you are assured to be a First Time Home Buyer and not a First Time Target.
Learn more at our buyer resources link at http://eteamcares.com/
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