Good agents will be able to appreciate your needs and provide you with the support you require.
That is a loaded question!! First expect an emotional roller coaster! You will possibly put in offers and not get the bids! But please be patient and find a Realtor that will walk you through EVERY process, ANSWER every call, Hold your hand and find you the right home. The first step is find the right Realtor for YOU. They will hold your hand in the process and help you find a lender, a home, and help with every step in the process. Please visit my website or blog for LOTS of great information! Good luck! And congratulations!
I also want to make you aware of the Buyer Broker Agreement. This is a contract between you and the Agent that spells out what an Agent expects of you the Buyer and what you can expect to receive from the Agent as your representative. This document is feared by may for NO REASON. It merely is a contract of loyalty as with or without the agreement the Seller will still pay the real estate fee if your property is found through the MLS listing service where you live.
MOST IMPORTANT DON'T GO OUT THERE UNREPRESENTED THINKING YOU WILL GET A BETTER DEAL. We are all aware of the game. Unlisted sellers tend to try for a higher price to have negotiation room, Unrepresented Buyer's assume they are getting a better deal but do not understand the timelines and details to the a transaction and worst of all they really do not know what their rights are generally losing their escrow or being forced forward to purchase a property they have found to be less than they thought it was.
Stay ahead of the curve and hire a qualified Realtor for your property purchase! IT COSTS YOU NOTHING AS A BUYER TO DO SO.
If you decide on a short sale, expect a long process. Depending on the seller's lender,it takes about 45 to 60 days to get an approval from them. That wait is the reason so many fall out Some buyer's need to close quickly, if that is you, then eliminate those.
Expect to be in competition with other buyers in our current market. It is a "Seller's market. Low ball offers do not get the property. The list price (sometimes) is a suggestion. You might have to offer more than the asking price if there are multiple offers. You can play this game better if you have cash.
Be specific about your search parameters. What do you want to buy? Some buyers will change courses as they are searching. I am sure you have heard the phrase "Buyer's are Liars" They are not liars, they are just undecided about what they want.
Find an experienced, arms lenth, agent. It is always a mistake to employ a family member or a friend who just got their license. Ask how long they have been a FULL time agent. Part timers may not be able to service you when you need them.
Be prepared to lay out earnest money, inspection fee, Termite inspection and appraisal fees before you close. A good agent can help you through all of this process..
You asked what to expect, all of the above. I wish you well. If I can be of service you can contact me at 480-231-5266.
A home is one of the few investments that you can have and enjoy. Finding the house of your dreams can be very challenging. Find a Realtor that you can trust, who is willing to assist you every step of the way and look out for your needs. You also need a loan officer to pre-approval you for a loan. You can purchase the property using FHA, VA, CONVENTIONAL finacing or CASH. Most transactions can close between 30-60 days of the accepted offer. Please let me know if I can be of futher assistance.
Realty One Group
2. Find a Realtor to help you find a home.
3. Get really, really scared right before you decide to buy.
4. Once you buy, everything works out okay...... if you buy correctly.
Make sure your Realtor will double check the offer price by reviewing other homes in the same area as the one that you make an offer in. If not, go with an appraiser or another Realtor.
One of the first things you need to do as a first time home buyer is get pre qualified for a home loan unless you're planning on paying cash. Once you get pre qualified we would have a better idea of where to look and how much house you can afford. I would be more than happy to help answer any questions you have, feel free to give me a call 480-336-9222