Diantha Shaffer, Realtor
Coldwell Banker United, Realtors
Now you are in Texas now, you can contact a mortgage broker where you are or go on line and contact one near Ft. Hood. It is wise to have your financing in place. The mortgage Brokers in the areas surrounding Army Bases will have the knowledge you need for your loan.
If you find a really good deal where there may be multiple offers you will be in a better position if you already have your loan approval.
Your Buyers agent can give you some names but that is their relationship, not yours.
A buyers agent is always a good idea not only for the representation reasons mentioned before but also your buyers agent can and should contact the For Sale by Owners in the area if any of those homes meet your needs and desires. You definetly need someone assisting you then, as the seller does not always know the Real Estate laws. Most FSBO's will also pay a buyers agent. It is up to your agent to work this out.
You are paying the commission either way, You give it to the Seller the Seller gives it to the Broker.
Your commanding officer or NCO may be able to give you some advice on local Realtors.
I am way too far away for you to use so feel free to use the mortgage tools on my web site to get a feel about your qualifications and payments.
Do not give anyone your SS number until you are ready to do business with them. each time your credit is pulled your FICO goes down.
Fees paid to buyers agents are usually paid from the seller proceeds at closing. When sellers list their properties for sale with a Realtor, a part of that listing agreement includes compensation for the buyer agent. If a property is listed on Realtor.com or an MLS system, it will have a buyer agent compensation offering. Sometimes the compensation offering will be lower than the buyer agent minimum fee. In those instances, a portion might come from an agreement with the buyer. Still, this can often be incorporated into the transfer of funds at the closing table. If you want your buyer agent to represent you while looking at properties offered for sale by owners, you will probably need a buyer agency agreement. Most for sale by owners will pay your buyer agent's fee.
Hands down, I recommend that you locate a buyer agent and work closely with that person. It is in your best interests to speak to several agents, let them know that you are looking for a buyer agent to represent you and ask them why you should hire them. Ask them about their experience w/ first time homebuyers, VA loans, and knowledge of the available housing in the areas of your interest. You can create a short list of potential agents by using search engines, attending open houses, and asking others in the area. Donâ€™t be hesitant to ask questions. Some agents make themselves available by cell evenings and weekends. Some agents utilize email, carry blackberrys, and use text messaging. Discuss your preferred methods of communication and your expectations with agents you might want to hire.
If you decide to rent, your same agent may be able to help you find a rental. Most agents work on commission only (although that is starting to change), and chances are your agent will not be paid anything if you decide not to buy. Thatâ€™s OK. Just be forthright with your agent from the beginning. If it is not the right time for you to buy, then you should wait. You wonâ€™t know until you go out an explore the options, and a buyer agent is the person who can help you with that. If your agent is competent and works hard for you, and you do not buy, you might end up recommending him or her to othersâ€¦and you may buy from him or her at a later time.
When you see a listing, the agent who represents that property is working on behalf of the seller to secure that seller a contract at the highest and best price. For that reason, your interests are best served by a buyer agent who is looking out for you.
Best of luck. Come back and post any other questions that you have on Trulia. Along your path to home ownership, you are surely to come up with other questions.
Deborah Madey - Real Estate Broker
Peninsula Realty Group - New Jersey
If you like you can sign and agreement for a few day to see if you like your buyer's agent and if you do then sign for a bit longer.
If you are looking at new homes let me know.
Since you're new to the area and not familiar with purchasing in the Fort Hood area, it would be a good idea to choose a buyers agent first and then find a home.
If you're a USAA member, they have a great program that helps you find an experienced buyer's agent with military-buyer knowledge. Let me know if you're interested in that program and I can get you enrolled!
Check out different Realtors online that work in the area. Contact them and interview a few. Make sure that they are familiar with the area you are looking in. Ask questions about schools, area amentities, ect..
I am a little partial to Coldwell Banker because that's who I affliated with. You can also contact a local mortage company and they can referr you to a Realtor that is familiar with VA loan process.
Good luck in your search and GOD Bless and THANK YOU FOR YOUR SERVICE TO OUR COUNTRY!