Conduct this interview with at least 3 Realtors, allowing an hour with each person. At the end of that time period, you should have a good feel with whom you should place your trust.
First Team Real Estate
Cell # 562.413.6068
Best thing to do is find a realtor you trust.
The current market favors sellers. Buyers, especially first time buyers need to be very patient and informed about the current market climate.
Remember your agent does not earn one cent until you close an escrow. This is great business, but it can be brutal. Agents work countless hours trying to locate properties and write offers.
The way you know if your agent is working hard for you is communication. Agents do not like to deliver bad news, but if your agent is hard at work for you he/she will keep you informed every step of the way. If an offer is rejected do not hold you agent at fault.
They may even need you to encourage them. Tell them you know how hard they are working, and you appreciate their efforts.
Hang in there, you will find a home. It may end up being in a town you never thought you would consider, but it is out there.
I wish you and your agent nothing but the very best.
Kawain Payne, Realtor
To bid and "win," full price without contingencies will take care of this hurdle.
It is not an easy time for the first time buyer but we have gotten our offers selected. So it is possible,
Barbara Robbins-Olexa, Broker,e=Pro(R), SRES(R)
Servicing Long Beach & Neighboring Communities for 34+ years
1. Put your best put forward. Offer the most you are comfortable offering, based on your budget and comparable sales. Don't assume that the sellers will come back and ask you for your "highest and best" offer, giving you an opportunity to increase your number. Sometimes they will just go with one of the offers they receive. If you would be disappointed if another buyer offered $5K or $10K and got the house, then you might want to offer more.
2. Make sure that your offer package includes all the supporting documentation -- proof of funds for the down payment and closing costs; pre-approval letter (preferably from a local direct lender); copy of an earnest money deposit check if the listing agent has asked for that. Additionally, sometimes listing agents will ask for FICO scores or DU underwriting approval. If so, include that too.
3. Consider including a letter to the seller, telling then a little about yourselves and why you like and want to purchase their home. Sometimes this letter can be what makes the difference.
4. Act quickly. Make sure you're working with an experienced Realtor who has connections and relationships with other area Realtors. This isn't the market to work with someone who only sells real estate part time or who's located outside the area in which you want to buy.